As reported by «Market Leader» (US)
Is it possible to use analytics to trade Forex successfully?
Probably there is no need to explain that a skilled trader have to analyze a lot of info in order to make right trading decisions. Few traders use only one specific type of analysis. Most often traders combine tech and fundamental analysis.
The market peculiarity is that sometimes even the guru of trading can be wrong, not to mention common traders, especially beginners. Even having thoroughly studied wave analysis and being able to build a Fibonacci grid and Murray levels, or even having mastered quantum analysis, few of us can trade Forex successfully.
Very often beginners lack a piece of advice, a hint to make the right decision, i.e. when it is better to go short or long. Comparing your own results of market analysis with the results shown by more skilled fellow-traders sometimes can be of much help to you, if you are a beginning or intermediate-level trader. Now it is easy to do with “Fresh-forecast”, a brand new tool by Freshforex Company. The company’s representatives recommend using it to define the optimal point of entering the market.