Trade Forex based on Fundamental Analysis
Thanks for your timely post! Very positive.
Dear all, I would like to share with all newbies of fx trading one of strategies i have known, that is "trade forex based on fundamental analyst". The currency pairs of the Forex are subject to fundamental influences from around the globe. Economic news from any given country has the potential to send a ripple effect across a range of pairs with varying results depending on how the pairs are matched and the position of the impacted currency as the base or counter. Remember that on the Forex, currencies are traded in pairs with exchange rates that fluctuate relative to the pairs. It may not be immediately apparent which currency in the pair is manifesting a weakening or strengthening relative to the other. When following a news event impacting a particular currency, observe if the pairs where that currency is the base are moving inversely to the pairs where it is the counter.Best trade to you!
You must be a patient learner, for you to gather all this and put them together takes great effort and time too. Nice post.
Nice post here! I think one key to success in forex is getting deep knowledge of what we do and work hard at it.
Yeap, fundamentals are very tricky, but it is obligatory for every trader to track them. Whatever your technical analysis is telling you, when the fundamental comes it all doesn't matter at all. Al the rules will be broken. I've read a lot of articles of how to trade on fundamentals, and actually tried them by myself. It turned out to be very profitable.
Yeap, fundamentals are very tricky, but it is obligatory for every trader to track them. Whatever your technical analysis is telling you, when the fundamental comes it all doesn't matter at all. Al the rules will be broken. I've read a lot of articles of how to trade on fundamentals, and actually tried them by myself. It turned out to be very profitable.
Nice piece you put here, i think newbies especially should consider this. As it will be more easier!
Very nice post, you have shred very good inspiring post for new trader. keep sharing this kind of post.
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Dear all,
I would like to share with all newbies of fx trading one of strategies i have known, that is "trade forex based on fundamental analyst". The currency pairs of the Forex are subject to fundamental influences from around the globe. Economic news from any given country has the potential to send a ripple effect across a range of pairs with varying results depending on how the pairs are matched and the position of the impacted currency as the base or counter.
Remember that on the Forex, currencies are traded in pairs with exchange rates that fluctuate relative to the pairs. It may not be immediately apparent which currency in the pair is manifesting a weakening or strengthening relative to the other. When following a news event impacting a particular currency, observe if the pairs where that currency is the base are moving inversely to the pairs where it is the counter.
Best trade to you!