Forex Intelligence

Abstract

The foreign exchange market like Forex, FX, or currency market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling, and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market. While trading in the forex market we need to learn a lot of things such as technical analysis which is the framework in which forex traders study price movement. The theory is that a person can look at historical price movements and determine the current trading conditions and potential price movement. Technical analysts use charts because they are the easiest way to visualize historical data. Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. The idea behind this type of analysis is that if a country's current or future economic outlook is good, its currency should strengthen. Money management Forex refers to a set of rules that help you maximize your profits, minimize your losses, and grow your trading account. Therefore, a Forex money management plan helps a lot to succeed in trading. Forex intelligence is a subscription-based web application that provides services and helps related to forex education and its forecast. It will automate the forex technical analysis. will show the forecast of the forex pair using technical analysis. Forecasts will be based on the results of different forex technical indicators. It will implement different forex indicators automatically in meta trader and show technical summary on the website for trade accuracy. It will implement time series forecasting techniques. Forex intelligence system also helps users for money management and allows the user to calculate risk-on trades. It will minimize the risk involved in the forex market and maximize the profit.