Forex trading involves risk and can be subject to losses. The fluctuations in the forex market can be hard to predict, and this is why having a good forecast trading strategy is essential.
Forecasting is the use of historical data to forecast the potential price of a currency pair. Forecast trading allows traders to make predictions of the likely direction a currency may take in the future.
It is important to use as many as possible multiple sources of analysis to get a more accurate forecast.
Although there are new technologies becomes available all the time and have many factors that can be used in predicting trading trends, there are still a few key strategies and tools that can enable successful speculation in the markets: Fundamental and technical analysis.