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Economic calendar is a global analysation tool used by traders in order to understand the effects on the financial market by global events. By having the release schedule for each economic indicator, a trader can easily anticipate when major movements will happen.
Economic calendar helps a trader to know the most influential events including Interest rate decisions, non-farm payroll numbers, and changes in gross domestic product (GDP), Consumer Price index (CPI), and purchasing managers' index (PMI).
Forex charts are one of the valuable resources a trader could look to gain an edge in the forex market. Forex charts analyses the market sentiment and give traders important insight to the direction of the market. A basic analysation knowledge on forex charts would help traders to understand the market well and profit easily.
Technical and Fundamental Analysis
The methods used to analyse Forex and make investment decisions fall into two very broad categories: fundamental analysis and technical analysis. Fundamental analysis involves analysing the characteristics of a currency pair in order to estimate its value. Technical analysis takes a completely different approach; it doesn't care one bit about the "value" of a economy or a commodity. Technicians (sometimes called chartists) are only interested in the price movements in the market.
Technical analysis and fundamental analysis are the two main schools of thought in the financial markets. As we've mentioned, technical analysis looks at the price movement of a currency and uses this data to predict its future price movements. Fundamental analysis, on the other hand, looks at economic factors, known as fundamentals. Let's get into the details of how these two approaches differ, the criticisms against technical analysis and how technical and fundamental analysis can be used together to analyse Forex.
AXNFX provides its customers with a wide range of trading benefits in order to make the trading experience a more enjoyable and successful one. AXNFX will provide all tools and resources needed to commence trading.
Enjoy a broad variety of trading benefits the minute you register to AXNFX.