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What are the 3 Most Common Types of Forex Market Analysis?

As a trader analysing financial markets, it is important to have a solid approach to making trading decisions and placing trades to build a solid strategy. Understanding the three main types of forex market analysis – technical, fundamental, and sentiment – can help you construct a stronger trading strategy. Deciding which type of analysis to use when trading forex is important. Each type of analysis has its own strengths and weaknesses, and an understanding of all three can provide a well-rounded view of the market. Technical analysis looks at past price movements to try and predict future price action. Fundamental analysis looks at economic factors that could affect currency prices. Sentiment analysis looks at how psychology affects trading decisions.