Dear customers of FXCommission,

We would like to inform you that the management of FXCommission has terminated its contract with FXDD company. Cashback for this week will be credited as usual. However, starting from April 1st, cashback will not be credited for any trades executed on any accounts under our IB. Our valued customers can withdraw their deposits and transfer them to any other company among those contracted with the website. We apologize for any inconvenience and thank you for your understanding.

Best regards,

FXCommission Management.

Daily Technical Forex Analysis and FX News
November 7, 2017 728

An examination of the changes in the forex market that are used by a trader to determine whether to buy or sell a currency pair at any one time. Forex analysis could be technical in nature, using charting tools, or fundamental, using economic indicators and/or news-based events.

Technical analysis is the framework in which forex traders study price movement.

The theory is that a person can look at historical price movements and determine the current trading conditions and potential price movement.

The main evidence for using technical analysis is that, theoretically, all current market information is reflected in price.

If price reflects all the information that is out there, then price action is all one would really need to make a trade.

Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset.

If you think about it, this makes a whole lot of sense! Just like in your Economics 101 class, it is supply and demand that determines price, or in our case, the currency exchange rate.

Using supply and demand as an indicator of where price could be headed is easy. The hard part is analyzing all of the factors that affect supply and demand.