Know different importance of fundamental analysis vs technical analysis to succeed in the forex market

While fundamental analysis tries to estimate the value of an asset, technical analysis does not care at all about determining its underlying value. Technical analysis just looks at the charts; you can concentrate solely on price movements. Simply put, technical analysis focuses on the supply and demand in the market to decipher what will happen next. If you’re going to rely on technical analysis, make sure you understand the very basics very well. Once you know the basics, you’re already set to start recognizing formations and will be able to use technical patterns to trade currencies.