Over the years, there have been many tools that have been evolved to aid the investor. Without these tools, the forex market wouldn’t have been so well spread across the globe. Surely, without the forex tools, the volume of trade would have been very less as compared to what it is currently.

 There are a few forex terms that will be helpful to you especially if you are new to this market. 

• Fundamental analysis: It involves analyzing the fundamental aspects that affect the forex market. These aspects include the political stability, the economic conditions of a nation, and the trade deficit of the country, the employment ratio, impending budget and other such factors. Fundamental analysis focuses on the long term picture of the market. It ignores small fluctuations and is ideal for medium to long term investors.  
• Technical analysis: These forex tools focus on the short term picture of the market. Technical analysis includes using various charts and indicators to predict the noises in the movement and is predominantly used by swing traders.  
• Forex charts and graphs: This includes plotting various market points to give a graphical view of the currency trends. Charts are an effective tool for evaluating the market trends. There are different types of charts like time frame charts, clandestine charts etc. Even in time frame charts, there are bifurcations like 5 minute charts, 15 minute charts, hourly charts, daily charts, and so on. With the help of these charts, you can guess the support levels and the resistance levels.  
• Market indicators: They comprise of various ratios that give out valuable details regarding the market conditions. There are various ratios that have been developed.  
• Candlestick chart: It indicates the trading range for the day. It also shows the opening and the closing rates of the day.   
• Forex calendars: It is a very handy tool that keeps a track of the currency rates over a period of time. These calendars give and idea about the opening and closing rates over a stipulated period. The advantage of this tool is that all the rates are arranged in user friendly fashion that is easy to comprehend.  
• Forex quotes: It gives the comparative rates of a currency pair. Let us say the quote for USD/GBP is 0.5743, this implies for every 1 US dollar, you get 0.5743 pounds. It is an analytic market price.