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What Is The Forex Technical Analysis?

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What is the Forex technical analysis?

The forex technical analysis is concerned with what has actually happened in the forex market, rather than what should happen.

A technical analyst will study the price and volume movements and from that data create charts (derived from the actions of the market players) to use as his primary tool. The technical analyst is not much concerned with any of the "bigger picture" factors affecting the market, as is the fundamental analyst, but concentrates on the activity of that instrument's market.

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Tekhnikal analysis is performed based on the analysis of mathematical calculations. We can use past data to make predictions of future prices. Many traders prefer to use this analysis rather than the analysis fundamental.


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