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3. Advance Questions

How should I analyse the market?

A good trading coach should be able to explain to you the advantages and drawbacks of popular market analysing tools, such as technical, fundamental and sentiment analysis. While many successful traders base their trading decisions on a combination of two or more analytical disciplines, such as technicals and fundamentals, there are also many traders who’ve mastered only one approach and trade profitably with it.

If your trading style requires longer-term trading, then combining fundamental analysis with technicals might be a wise decision. Currencies follow the development of macro-fundamentals in the long run, and market-moving reports can easily break a well-defined support or resistance zone.

Traders who combine fundamentals in their trading are able to anticipate large exchange rate moves and increase the success rate.

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