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Forex forecast

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Forex Forecast



For a start, we need to distinguish between short-term and long-term review of the currency pair or pairs. The first is the best option for intraday traders, and the second is more suitable investors, tracking global trends.

First of all you should verify the accuracy of forecasts. To do this, they must be precise and not vague. You can read Forex Analytics on the website of the broker, but you can use the mailing trading forecasts (paid or free). Start with the free options, while tracking statistics from multiple sources. A maximum of 2 weeks you will have enough information to weed out the worst analysts.

It is better to give preference to long-term forecasts in combination with fundamental analysis conducted by the trader. Thus, we increase the likelihood of their occurrence. In addition, the entry in position is relatively rare, for example, once per day, which is ideal for busy people (the main work etc).

Do not spray on a large number of currency pairs. Select 1-2 and work with them. Usually, many people choose EUR/USD or GBP/USD and sell them. Liquidity, low spreads and good volatility of these pairs allows to build your own trading. An important presence in the Euro-dollar both significant to the world economy currencies.

What can you say about Forex predictions for 2012? Many analysts agree that today there are many events that give a significant boost to global currencies - US dollar, Euro, yen and British pound. This applies to other, less popular currencies like the canadian and Australian dollars, and so on, but most of all, in terms of these four currencies.

Large external debt of the USA and many European countries, events in the middle East and the struggle for oil, the next wave of the crisis - all this makes the exchange every day to change their value. For 2012 as a whole characterized by significant volatility and the unpredictability of the direction of movement of international currencies. It is unknown how long this trend. It is important for us to remember the first rule of a trader is not to lose the Deposit. Only then is the point, and income. So trade carefully, follow the rules of money management and all will be well.

Finally I want to suggest 2 good analytical site for compiling forecast Forex: this Alpari and Forex4you. The first broker in sufficient detail parses the current market situation, and the second gives the possibility of obtaining 3 forecasts: wave (fractal), technical and fundamental. Using it in your trading, you will significantly increase your chances.



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