The best forex analysis method
Just as is the case with any investing strategy, those who use foreign exchange (FOREX) as their investment tool have differing analysis tools to determine whether to buy, sell, or hold their currency. For better or for worse, Forex analysis can be highly technical or very fundamental. In the case of most Forex traders, however, their investing strategy involves a combination of charting tools as well as economic indicators and news-based events. These tools are available for free, for a fee, or developed by the investors themselves. Technical Analysis Technical forex analysis is normally done with specially designed software, which is available for purchase or on any of several websites. These tools are generally very good and much the same. Differences are usually in the preferences of the users themselves. Whether the system is manual or automated, what these boil down to is the analysis of technical indicators that determine whether to buy or sell. As the user, you