Is there a particular strategy I should use when trading forex?
Traders on the forex market use economic fundamentals and technical factors to make decisions, however the most dramatic movements can occur when an unexpected event happens (for instance; when a central bank raises domestic interest rates to the outcome of a war). Often, it is not these events themselves that influence the market, but rather the expectation of the event, or it’s outcome. By interpreting a vast array of economic information such as news, government issued reports and indicators and even rumor, fundamentalists predict price movements. To identify trading opportunities, technical traders will use mathematical analyses and numerous patterns to look at support and resistance levels, and trend lines.
