Fundamental analysis is not that simple. To be good at fundamental you need to know about related counties economy very well. You can't just focus a few aspect of economy. You need full knowledge. For that you need to study a lot.
GeorgeBischof posted: Every trader should make a trading plan to minimize their risks and ensure consistent profit from this market.
Trading can be easy but making profit is difficult. Very few people can make consistent profit. Making profit is easy for those who have enough knowledge, skills and experience. You have to give lot of time in learning.
Tremblay posted: Fundamental analysis is not that simple. To be good at fundamental you need to know about related counties economy very well. You can't just focus a few aspect of economy. You need full knowledge. For that you need to study a lot.
I totally agree to this. One needs to be fully equipped with all the information regarding fundamentals. It is one of the basic and the most important things.
marnuslabushane posted: For fundamental analysis, it’s important to know about all the social, economical and political factors which tends to affect the exchange rates of currencies in forex.
Fundamental and Technical analysis are both good before trading. But if you are very much into day trades, you will require more of the technical bit. You need bar charts man. I'd suggest Turnkey forex for MT5 and XM for 5. And take one or two fundamental factors into account as well. will help you in the long run
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
Sorry! We don't do any tests on your browser, if you want to explore a full usability of out application, please use the last version of "Google Chrome".