In the Forex market, there are three ways to analyze the market and develop trading ideas. To begin, let’s look at these three methods of market analysis.
There are three types of market analysis:
- technical analysis
- Fundamental analysis
- Analyze market sentiment
There has always been debate about which analysis works best, but if we want to tell you the truth, you have to learn all three.
It’s like standing on a tripod.
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If one of the bases is weak, the 3 bases under your weight will be broken and you will be scattered on the ground.
The same is true in transactions.
wait. Since the three pillars are supposed to represent how a trader analyzes the market, one brain is lacking here.
But wait! 3 bases need more brain!
Technically, there must be three brains… to represent three different types of analysis…
it just got fixed.
You have to have three “brains” when you think of the market.
If your analysis of any of these three types of analysis is poor or you ignore it, there is a high probability that your tripod will break and your trade will end in a loss!
Unless your strengths compensate for the weaknesses in one. This is hard work.
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