Those who trade successfully and those end up losing money.
As soon as you start to learn about Forex trading, you should also start learning how to forecast the FX trading market. This article has been prepared with the purpose of helping you learn the basic Forex forecasting techniques and how to apply them in your FX trading.
**The purchasing power parity**
**Relative economic strength**
**Time series model**
We have discussed Forex trading forecasting and the main techniques to be used. We have also exemplified the methods of forecasting the direction of the exchange rate. As you can see, the appliance of certain techniques requires complete understanding and certain trading skills. Not every technique will be suitable for everyone – it is a subjective matter. For novices, forecasting can be a tedious task – especially in the early stages of their career – but it is worth doing as the benefits have the potential to improve profitability.
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