To make a profit and open and close trades at a reasonable moment, traders apply technical and fundamental analysis.
Fundamental analysis is based on fundamental data, including economic and political news and force majeures. Technical analysis uses past charts, patterns, and trends to forecast the asset price movement in the near future.
Indicators are the most popular instrument of technical analysis. Various combinations of indicators are used in developing trading strategies.
Strategies are used to determine the best moments to enter the market.