It is important to remember the two essential approaches used for online forex trading. These are the technical analysis and the fundamental analysis.

The fundamental analysis approach does not rely on the forex charts. It does scrutinize the political as well as economic indicators so as to determine trades. The charts in this case are used as secondary references.

The technical analysis approach on the other hand tries to predict the price swings by analyzing the history of price activity. For those who use this approach, they do have to study the relationship between time and price.

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