One of the most significant questions traders have is where to base their currency market analysis?
Either on Fundamentals or Technical?
All of the market trading participants no matter the size, big or small would sometime look at either technical or fundamental signal of the market.
Some say that the Fundamental analysis is used for long-term trend while Technical analysis is used for short-term entry and exit points. Though the Fundamental analysis supporters say that Technical analysis is based on feelings, it is not a science and looks like “magic” than reality.
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The Forex market is the most critical, and the largest global market. The Forex market bills up to $5.3 trillion in average traded value every day.
The Forex market does not have a central marketplace where the currency trading takes place. This creates vast opportunities for traders to trade.
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