Furthermore, while many fundamental factors
can affect the exchange rate of a country’s currency versus that of another, they often get priced into the rate by professional market-makers before smaller traders get a chance to hear about them. As a result, many retail forex traders prefer to rely instead on technical data based on price and volume behavior over time to make their trading decisions.
Also, a large percentage of professional traders use technical analysis to develop their trading systems so they can profit consistently from trading forex. Just about all of the automated trading software currently available for the retail forex market bases their trading decisions on technical rather than fundamental factors.
Thanks to the Internet, not only can you now open an account and trade forex, you can also get a complete forex education online. In addition, many automated forex trading systems are now available for sale online, and a trader can also readily find forex signal software and signal software subscription services to enhance their trading.