Since all Forex trades are spreads, pitting the value of one currency against another, it is truly impossible to employ single market analysis.
To make consistent profits in the Forex markets, traders must do more than just analyze the pair they’re trading. They must take into account a number of interrelated factors – from interest rates to other markets across the globe. Sure, traders know intuitively that these global market relationships exist and influence the markets that they’re trading. But, without the right analytic tool, it’s nearly impossible to detect and quantify these outside influences which drive today’s markets.