Forex Fundamental Analysis for Beginners: Key Economic Indicators for Successful FX Trading
Those who trade in the foreign exchange market utilize the same two types of analysis as those who deal in the stock market: Fundamental and Technical analysis.
Technical analysis is used in forex in a way where the price is supposed to represent all news, and the charts are analyzed. But, unlike corporations, countries do not have balance sheets, so how can a currency be subjected to basic analysis?
Because Fundamental analysis is based on determining an assets’ intrinsic value, its application in forex requires determining the economic elements that affect the value of a country’s currency. With our experts team we’ll take a look at some of the most important underlying elements that influence a currency’s movement.
In our new article, our team of analysts prepared an expert explanation of the analytical concept, key difference between Fundamental and Technical kinds of analysis, and essential economic indicators to check for successful trading decisions.
Learn how to incorporate forex Fundamental analysis
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