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Importance of Fundamentals

Jan 28 2021 at 14:28
1 Posts
what is the best way to learn fundamental of Fx trading and how to interpret with trading decision. Also I always had this question in mind that do we really need to know fundamentals one to become success in trading in Forex?
Jan 28 2021 at 17:32
399 Posts
Id be interested too but i think its hard to quantify fundamentals and how each event can have a specific measurable impact
Jan 28 2021 at 18:56
341 Posts
If you want to become successful in this market, you need ot make a proper plan. Besides, you have to set a goal to achieve.
Chelsea Blacks (blackChelsea)
Jan 30 2021 at 09:47
125 Posts
If you have enough knowledge of how the economy works, on what factors economic health of a country depends then I would say you can understand it in a better way. Try to understand the terms first, then you can go to look for the fundamentals.
Jan 31 2021 at 02:33
788 Posts
If you can't spread knowledge properly, you can never make money. So you have to learn to analyze properly.
Feb 01 2021 at 09:37
759 Posts
Following economic calendar is the best way of fundamental analysis. There are many sites which provide economic calendar and its potential impact.
Feb 01 2021 at 10:53
298 Posts
For me both fundamental and technical analysis is good if we know how to use it. Problem is not comparing but problem is understanding. If we don't understand how technical and fundamental analysis works we will never going to learn how to trade in forex using analysis.
Feb 03 2021 at 12:32
133 Posts
Fundamental analysis is very important in forex trading. Once you learn how to analyze economic , social or political factors, it will be of great help while placing a trade.
Feb 04 2021 at 01:59
298 Posts
A trader must give importance to the fundamentals. Because movement is organized in the market depending on the fundamental news.
Feb 08 2021 at 12:06
48 Posts
Forex fundamental analysis focuses on the overall state of the economy through various factors like interest rates, employment rate, GDP, international trade and manufacturing which can affect the value of a currency.

However, traders mostly ignore the fundamentals when trading currencies and focus only on the technical analysis.
For a broad market view, understanding both is very important in successful trading.
Feb 15 2021 at 08:31
38 Posts
The value of fundamental factors, as a rule, is determined by the degree of influence on the state of the national economy as a whole or by the depth of influence on the interest rate.
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