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  • Answer You - How to Achieve Currency Trading Success: Part 1

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    try and predict the impact of such factors as:

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    · Interest rates
    · Balance of payments
    · Employment

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    Currency trading success can be achieved by anyone, as everything about trading currencies can be specifically learned, by any trader wishing to put it in the time and effort to do so.

    Trading currencies successfully is a combination of two factors:

    Firstly, you need a successful trading method for long term currency trading success to predict market direction and these systems fall into two categories:

    1. Fundamental analysis

    A currency trader who makes trades based upon fundamental analysis, will look at the supply and demand situation relevant to the particular currency studied, and try and predict the impact of such factors as:

    · The health of the economy
    · Interest rates
    · Balance of payments
    · Employment
    ·

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    the time and effort to do so.

    Trading currencies successfully is a combination of two factors:

    Firstly, you need a successful trading method for long term currency trading success to predict market direction and these systems fall into two categories:

    1. Fundamental analysis

    A currency trader who makes trades based upon fundamental analysis, will look at the supply and demand situation relevant to the particular currency studied, and try and predict the impact of such factors as:

    · The health of the economy
    · Interest rates
    · Balance of payments
    · Employment

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    for long term currency trading success to predict market direction and these systems fall into two categories:

    1. Fundamental analysis

    A currency trader who makes trades based upon fundamental analysis, will look at the supply and demand situation relevant to the particular currency studied, and try and predict the impact of such factors as:

    · The health of the economy
    · Interest rates
    · Balance of payments
    · Employment

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    ncy trader who makes trades based upon fundamental analysis, will look at the supply and demand situation relevant to the particular currency studied, and try and predict the impact of such factors as:

    · The health of the economy
    · Interest rates
    · Balance of payments
    · Employment

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    try and predict the impact of such factors as:

    · The health of the economy
    · Interest rates
    · Balance of payments
    · Employment
    · Trade deficit
    · Other factors

    In today’s markets with the all-fundamental information available in seconds anywhere in the world, fundamental news is quickly reflected in the price.

    Traders therefore, can have difficulty acting quickly enough to position themselves in the market in relation to breaking news.

    In light of this, more traders looking for currency trading success are using a technical approach to the markets.

    2. Technical analysis

    Technical analysis is the study of a currency, based strictly on using only the price history of the currency.

    Technical analys

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