Jan 28 2021 at 14:28
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
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
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.
Jan 30 2021 at 09:47
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.
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
Following economic calendar is the best way of fundamental analysis. There are many sites which provide economic calendar and its potential impact.
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
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
A trader must give importance to the fundamentals. Because movement is organized in the market depending on the fundamental news.
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.
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.
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