To make a trade successful, much more analysis should be done behind this. Analysis is of two types including fundamental analysis and technical analysis. It’s not an easy job to make a trade successful. One should rely on both of them. A trade is always affected by market situation.
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Words to live by Kathlyn. Go get 'em.
Just for clarification. I thought there are 3 types of analysis, with sentimental analysis being the third?
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There are many traders in Forex space who have knowledge in bulk. But they don’t know how to execute their knowledge in market to bear profit. A trader should know his strategy very well and work accordingly so that he or she can earn from it. Otherwise, Forex will be truly difficult for him.
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i have seen sometime any kind of analysis works to fail after having a perfect trading plan. because market is much volatile and no one can predict it with certainly.
Yes but is this not the obvious side of trading.
Exactly! Your analysis can never be 100% correct, even if you have been trading for years. That’s because the market moves abruptly due to its high volatility.
there is no trading analysis which work for a long time accurately , time to time traders should develop their analysis , otherwise the result of trading can be worst.
agree, the result of any analysis is just all about for short time , nothing without it.
All of this is rubbish. If you do not have a strategy that works for a longer time, that means the strategy you have is not consistent.
You need fundamental and technical analysis to succeed? No not at all. You need to understand what drives the market and how to find targets ( liquidity ).