Analysts are those who mainly look at the aspects of an economy in forming their opinions. They look at markets by reading and analyzing what the current economic data.
When analyzing the market, analysts can generally be divided into two camps fundamentals and technicals.
Fundamental analysts are those who mainly look at the fundamental aspects of an economy in forming their opinions. They stay on top of the markets by reading and analyzing what the current economic data say about current market conditions, what is fundamentally driving the market, and where it’s headed.
Technical analysts are those who primarily rely on chart indicators and patterns to help predict where the price will move next. Some tools that technical analysts use are Fibonacci retracement, candlesticks, and momentum indicators.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.