What is forex analysis?

Forex analysis is the study of determining whether to buy, sell, or wait on trading a currency pair. Currencies trade in pairs, with the exchange rates based on the price of one currency relative to the other. Major types of analysis include technical and fundamental, with many traders using a blend of both approaches.

What is forex sentiment?

Forex sentiment is another widely popular form of analysis. When you see sentiment overwhelmingly positioned to one direction, this means the vast majority of traders are already committed to that position. Perhaps this can be better explained with an example. Let’s assume that an overwhelming number of traders and investors are bullish the Euro.

What is forex trading?

Forex trading is the buying and selling of global currencies. It’s how individuals, businesses, central banks and governments pay for goods and services in other economies. Whenever you buy a product in another currency, or exchange cash to go on holiday, you’re trading forex.

What are forex fundamentals?

Forex fundamentals center mostly around the currency’s interest rate. This is due to the fact that interest rates have a sizeable effect on the forex market. Other fundamental factors are included such as gross domestic product, inflation, manufacturing, economic growth activity.