The Best Type of Analysis Approach for Forex Tradersby Kathy Lien
Every trader is different, but the best trading style is probably a combination of both technical and fundamental analysis. Fundamentals can easily throw off technicals, while technicals can explain movements that fundamentals cannot. Smart traders will always be aware of the broader fundamental picture while using their technicals to pinpoint good entry and exit levels; combining both will keep you out of as many bad trades as possible, and it works for both day traders and swing traders. Most free charting packages have everything that a new trader needs, and many trading platforms offer real-time news feeds to keep you up to date on economic news.
Source: http://www.investopedia.com/articles/forex/06/FirstStepsFX.asp; http://www.bktraderfx.com/site/members-benefits; http://www.gftforex.com/