Forex Broker PaxForex
PaxForex has been working with traders in the financial services market since 2010.
The opportunities for comfortable trading on PaxForex are rather unique. The broker helps its
users stay informed about the events of the financial market Forex, track the rates of various
currencies and the first to learn all the latest news of the world of finance. Specialists PaxForex
specifically predict changes in the fluctuations of rates and help traders in concluding the most
Technical analysis indicators
Technical analysis is one of the types of market analysis and consists of three parts: lines and
levels that form the basis, shapes (patterns, models) and indicators. All indicators, without
exception, are built on certain mathematical formulas and base their work on either the price or
the volume of trading.
Technical Forex Analysis
Technical analysis of financial instruments is the most popular way of forecasting the movement
of the market rate. The technical analysis is based on the analysis of charts - analysis of prices,
trading volumes and other price indicators, and technical indicators serve as tools.
The question of the success of Forex trading is crucial, and its solution requires a careful
There are 2 ways to analyze the market:
There was always a debate about which of the tests is more effective, but I must say that you
need to use both in trade. So let's first analyze each of them separately, and then combine them.
Fundamental analysis (FA).
Fundamental analysis is an analysis that takes into account economic, social and political factors
that can affect the market situation. In other words, you are looking at the state of the economy -
whether it is good or not. The meaning of this analysis is that if the state of the economy is
stable, then the currency of this country will also be strong. This follows from the fact that the
stronger the country's economy, the more countries trust its currency more.
Technical analysis (TA).
Technical analysis is the study of the movement of prices. In short, technical analysis is graphs.
The point is that the student can see the history of the price movement and, based on the
behavior of prices, can determine their further behavior. Having looked at the charts, you can
identify trends and figures that can help you find good trading opportunities.
Forex is like a big flying energy ball in which the balance between technical and fundamental
analysis plays a decisive role in determining market behavior. There is an expression -
everything is good in moderation. This is also applicable to Forex when choosing the type of
analysis. Do not get hung up on one thing. Instead, as usual, you need to look for the golden
mean, because as soon as you can successfully trade. To successfully trade in forex, you need to
use both approaches.