Fundamental Analysis vs Technical Analysis
Fundamental and technical analysis differ in their core purposes. Technical analysis purely leverages historical data of price and volume to determine trends, reversals, and price movements. Conversely, fundamental analysis measures the intrinsic value of an asset based on a number of different factors not limited to statistical price data. However, these two forms of analysis can be used together – such as learning about how different cryptocurrencies work before testing the market using tools for technical analysis for trading.
Practice with the CAPEX Demo Account
Now fundamental analysis can’t be conducted within the CAPEX demo trading account, but you can certainly act upon your research. Conduct some basic fundamental analysis and then execute a trade within the CAPEX demo account. The account is free to all CAPEX users and let’s traders’ practice with virtual funds. There really is no better way to put your fundamental analysis into practice and learn fundamental analysis for traders than by using the CAPEX demo trading account.
Conclusion – Trade with some of the best tools at CAPEX
Fundamental analysis forms the backbone of long term predictions on assets that are expected to see long growth over an extensive period of time. Unlike technical analysis that relies purely on historical data, fundamental analysis calls for research into many other factors such as business models, competition, product, or services quality, and many more. There are many tools for fundamental analysis and we, at CAPEX, offer unique insights for its users.
Before acting upon fundamental analysis, traders can always practice their buy or sell in the CAPEX demo account for free. Sign up today to use fundamental analysis on a great variety of tradable instruments at CAPEX.