Gainlit | Forex, Shares, CFDs & Commodities

Introduction to Technical Analysis

Description
Crypto

4-minute read

Technical analysis serves as a toolset for examining market movements and is a fundamental method for developing your trading approach. This lesson explores the concept and effectiveness of technical analysis.

Technical analysis studies prices and patterns; fundamental analysis looks at an asset's real value through events and data.

Technical analysis works for any instrument and timeframe, even short-term.

Fundamental analysis involves studying events and data for an asset's true value.

Combining fundamental and technical analysis gives a fuller market picture.

Technical analysis is flexible, suitable for analyzing short-term movements.

Traders often use both fundamental and technical analysis for better insights.

Technical analysis vs fundamental analysis

While technical analysis focuses on prices and patterns, fundamental analysis delves into an asset's intrinsic value through events, financial statements, and macroeconomic data. Technical analysis is versatile, applicable to various trading instruments and timeframes, even for short-term movements. While traders can focus on either fundamental or technical analysis, combining both provides a more comprehensive market view.

4-minute read

FX Trading Basics: FX trading involves speculating on currency strength changes over time.

Currency Pairs:In FX trading, you trade currency pairs, like the Australian dollar against the US dollar.

Profit from Exchange Rate Fluctuations: In FX trading, traders try to make money by predicting if a currency will go up or down compared to another.

Dynamic Market: Prices in the FX market can change rapidly in response to news and events, creating a dynamic trading environment.

Global and Highly Traded: The FX market is the most traded globally, providing ample opportunities for retail FX traders.

High Market Liquidity: The FX market is highly liquid, with over $5 trillion traded daily, offering many trading opportunities.

What is the functioning of Forex trading?

Forex trading involves pairs, like EUR/USD, where traders profit from exchange rate fluctuations. The first currency is the base, expected to rise or fall against the quote currency. Traders speculate on market direction, going long (buy) or short (sell) based on currency value changes.

Enrolled : 1200 students
Duration : 2 hours
Lectures : 8
Categories: Trading
Tags:Technical Analysis