Which currency is profitable to buy?
Topic: Which currency is profitable to buy?
Then we come to an even larger question: What currencies are profitable to buy and sell? In order to give good predictions on the future exchange rates, one must analyze. There are roughly divided into two forms of analysis: the technical variant, and the fundamental variety. Technical analysis involves studying the historical development of exchange rates. We look at the exchange rate back in time to say something about the exchange rates in the future. In financial markets, this form of analysis is very widespread, but has its weaknesses. It is not possible to predict the future on the basis of the past. Nevertheless, technical analysis shows that it very often is a connection between history and current rates. Fundamental analysis is to study the market conditions. This goes on the macro economy. This analysis method is often far more komlisert and analysis requires more extensive work. We look at a whole range of factors that can affect exchange rates, so nypubliserte statistical reports such as unemployment elller consumer, political decisions such as interest rates, and so on. Which form of analysis you choose will be up to you. Do you use a good currency broker, you will get all the tools dy need, and you can choose whether to engage in trading based on technical analysis or fundamental trading.