Forex encyclopedia

Usually traders use two types of analysis in Forex – technical and fundamental. The first one involves chart analysis with application of mathematical methods and principles. Fundamental Analysis in Forex implies monitoring of political and economic indicators as well as monetary policy of countries. The main difference between the methods is the approach to the creation of price on the chart. Traders who prefer technical analysis think that it is enough to analyse the actual prices, because this data already includes all indications and reasons of change. However, followers of fundamental approach state that prices depend on fundamental factors and mark relationship between demand and supply. Thus, using technical approach traders analyse prices and relying on fundamental approach they deal with analysis of the trading instrument. Fundamental analysis in Forex examines political, economic, macro- and micro indicators not only for individual countries, but for global environment also.
The Forex market has many advantages and today it is the largest financial market in the world. Million of traders all over the world choose the foreign currency market due to the opportunities it gives. For people who want to work from home, currency trading is the best choice and we are going to explain why. High liquidity. Forex operates with enormous money funds, therefore, a trader has 24 hours’ opportunity to open or close position of almost any volume at the current price. Forex daily returns on average amounts to more than 3 trillion Us dollars (according to the Bank for International Settlements). And these volumes continue to grow. Easy to access. Due to electronic trading technologies, almost everyone can trade on the Forex market if he or she has the Internet access. You can make trades easily now: trading from home, a cafe, an airport, a taxi or a hotel is an ordinary thing.
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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