Market analytics
The most effective forecasting tools used on Forex in Belarus by the company’s clients are considered to be world economic news, information data from online webinars, technical analysis, as well as economic calendar. Thanks to them, financial analysts get opportunity to recreate overall picture, clearly showing general trend and promising assets for investments. Importance of a competent assessment of the OTC market is explained by the fact that market relations at this stage become more predictable. Modern analytical reviews based on processes in which traded currency pairs are involved help to make correct forecasting of quotes movement. Herewith, an important role is played by:
- exchange rate on current date;
- technical summary;
- fractal and wave analysis;
- fundamental monitoring of trends.
One-way forecasting allows one to make a general idea of current trends on Forex, however, making investment decisions solely on basis of these indicators is impractical.
Forex Forecasts
Analytical data is an important component of a profitable investment. The following should be used as an information base:
- review of worldwide economic events;
- assessment of current situation;
- comparison of different opinions of specialists;
- previous erroneous actions.
If one correctly take into account economic events, one can assume how a currency and its rate will behave, while a forecast can be used both in a long term and for making short-term decisions. To avoid losses associated with rash investments, the forex client needs to objectively evaluate all the information received and apply it when opening an order. Information resources should be monitored continuously. The client’s own picture of the company’s regularities will be correct only if technical indicators and the results of specialists ‘ research are taken into account in a timely manner when forming it.