From my experiece, I would recommend that you adopt a plan and stick to it whether you decide to use either fundamental of charting models. Search the internet for proven methods and consider undertaking a currency training course to expand your knowledge.

When you gain confidence and are ready to make your first investment make it a small one…or better still, make “paper trades” to test the value of your method.

You will hear stories of people who make huge profits with smart currency forecasting and trading but remember, for every winner, there is a corresponding loser. Good Luck

Foreign exchange markets are influenced by changing relationships between countries and also internal situations such as the state of economies, changes of Governments, and even climatic variations have been shown to cause currency fluctuations.

Many professional currency traders use these fundamental aspects as the basis for decision making wheras others base their trades on mathmatical models such as the Fibonacci ratios which have stood the test of many years. Fibonachi traders use mathmatical models which indicate levels of resistance and support for various currencies at certain prices.