Question - Forex Forexqna

How can you predict the potential of a currency?

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1 Answer
Amari Yoichi
Answered 5 months, 3 weeks ago
<p id="isPasted"><strong>Ways to Predict Exchange Rates</strong></p><p>Many methods have been created to forecast currency price direction, check some of them below.</p><p><br></p><p><strong>1. Fundamental Analysis</strong></p><p>This forecast method includes all the factors mentioned above, such as monetary policy, domestic and foreign government policy, and global economic and political conditions. Knowing the factors that may affect a currency and constantly following economic releases and news, a trader has the potential to forecast its value.</p><p><br></p><p><strong>2. Technical Analysis</strong></p><p>This approach doesn’t consider the influence of external forces. Rather, it uses patterns discovered from historical price data and statistics to forecast future movement. Indicators, trendlines, …</p>
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