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In order to predict the market, you need to use either fundamental or technical analysis. If these terms are new to you, then you have to look for find informative materials. I found profiforex.com to be very useful, they have informative materials for beginners and they are very easy to understand.
I am new in Forex and I dont understand how the Forex market moves?
I am also new in forex and I have been trading in forex for only two years. In Forex market exchange rate of different currency pairs changes because of change in demand, supply, interest rate, political and economical condition related to the currencies. For an example, If interest rate related to any currency increases you will see that it will become strengthen against other currencies.
Nobody is able to predict the movement of the market correctly at all times. You know what? The good news is you don't need to.When I trade, I do not predict where the market will go. I trade according to what the market is doing. For e.g, I will go Long when the market is in an uptrend, I will go Short when the market is in a downtrend.Anyway, like what the other says, your question is kinda general. Probably you can start going through Babypips to learn how Forex trading works. Best if you can engage with a mentor or a coach to guide you. You can check out FXPRIMUS Coach for example.
Yes! You're right. The forex market is unpredictable thing. Only EUR/USD goes on some kind of typical way, but not always. But this currency pair is the single, which we can a littlle to control.
How to predict the movement of the market ? This questions is sort of asking – How can I make money out of forex ? Because that what really is, knowing where the market will move = money. In order to predict the market, you will not simply wait for someone to come and tell you – “ Here it is, you just need to read this and you will be an expert”. If you have that idea, just leave it. Forex will be very hard to learn, but if you determined and ready to learn results will come to you sooner or later ( Hopefully sooner)
Yes! You're right. The forex market is unpredictable thing. Only EUR/USD goes on some kind of typical way, but not always. But this currency pair is the single, which we can a littlle to control.