What is Forex?

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. All the world's combined stock markets don't even come close to this. But what does that mean to you? Take a closer look at forex trading and you may find some exciting trading opportunities unavailable with other investments.

Three Types of Forex Market Analysis

To begin, let’s look at three ways on how you would analyze and develop ideas to trade the market.There are three basic types of forex market analysis:

                      Technical Analysis

                      Fundamental Analysis

                      Sentiment Analysis

Let’s take a look at the three most popular types of forex charts:

                      Line chart

                      Bar chart

                      Candlestick chart

"The gold market is clearly lacking direction at the moment. There is uncertainty in financial markets, which is positive for gold. At the same time, the gold market continues to face headwinds from a stronger U.S. dollar," Julius Baer analyst Carsten Menke said.

"Despite these trade tensions, gold is not attracting any safe-haven flows at the moment."

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