Summary of Analysis & Charts

Types of Trading:

• There are 2 types of analysis: Fundamental and Technical

• Fundamental analysis is the analysis of a market through the strength of its economy. (i.e. the dollar gets stronger because the US economy is getting stronger)

• Technical analysis is the analysis of price movements. Technical analysis = charts.

• Technical analysis also helps us identify trends which can help us find profitable trading opportunities.

• To become a successful trader, you must always incorporate both types of analysis.

Types of Charts:

• There are three types of charts:
  
  1. Line charts
  2. Bar charts
  3. Candlestick charts
• We will be using candlesticks from now on

Forex Training Class Lessons in Kindergarten: Types of Charts

1. Types of Trading
2. Types of Forex Charts
3. Summary of Analysis & Charts

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