WE FOCUSES ON THE ECONOMIC
Fundamental analysis focuses on the economic, social and political forces that drive supply and demand.
Fundamental analysts look at various macroeconomic indicators such as economic growth rates, interest rates, inflation, and unemployment. They combine all of this information to assess current and future performance.
This requires a lot of work and thorough analysis, as there is no single set of beliefs that guides fundamental analysis.
In addition, fundamental analysts need to continually keep abreast of news and announcements, as they can indicate potential changes to the economic, social and political environment.
For example, this week is the highly anticipated monthly Non-Farm Payroll Announcement in the USA, which often creates a wave of Forex volatility.
Technical analysis focuses on the study of price movements to forecast the direction of future prices
The premise of technical analysis is that all current market information is already reflected in the price of that currency; therefore, studying price action is all that is required to make informed trading decisions. In addition, technical analysis works under the assumption that history tends to repeat itself.
Technical analysis is a very popular tool for short to medium term traders. It works especially well in the Forex market because short-term currency price fluctuations are primarily driven by human emotions or market perceptions.
TECHNICAL AND FUNDAMENTAL TRADING
At ForexG,we believe Forex trading should by analyzed by a combination of Technical and Fundamental factors.
Our human Trading Team works hard to stay abreast of the news and financial events around the world, while at the same time employing technical indicators and analysis to fine tune specific entry and exit prices.