If you ask about what kind of market analysis you use, the majority will answer without hesitation – technical. The reasons for this approach, of course, there is. Technical analysis is not as difficult as fundamental. You do not need to track the relationship emerging forex trading news and to assess their importance and influence. In addition, many are not psychologically prepared to survive the drawdown on the account due to short-term fluctuations (market noise). In addition, about the cause of exchange rate changes can be completely forgotten, as the market will show it in the price. Based on experience, I can say that individually both options will not bring the desired results.
If you do not analyze the market yourself, you are “exempt” from the proceeds
You can read all the reviews, forecasts and opinions of analysts are available today, but the result is you do not get any. Trading – is an art. Everyone has an opinion, an explanation of the current situation. Remember that a change of course is possible to justify any relevant news, but it does not mean that it was the catalyst for this news. Doing all the work on the forecast to the transaction alone. The only way you gain experience.