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[Mar20]

Fundamental analysis in forex trading is the process of evaluating the economic, financial, and political factors that influence the supply and demand for a currency. This type of analysis is used to forecast long-term currency exchange rate movements by taking into consideration macroeconomic indicators such as interest rates, inflation, and gross domestic product (GDP).
Forex traders use fundamental analysis to determine a currency's intrinsic value and to identify long-term trends in the currency market. They look at various data releases and events, such as central bank policy meetings, inflation reports, and employment figures, to gain insight into the health of a country's economy and its future prospects. This information can then be used to make informed trading decisions and develop a currency trading strategy.

 

[Bigron]

As more important fundamental analysis can be, it cannot give us the right result that we want except we combine the two, both fundamental and technical analyses. That's why it is very necessary for a forex trader to know the two analyses.

Combining the two methods can help you get a more complete picture of the market and aid in your decision-making when trading. whereas fundamental analysis may allow you better comprehend the broader economic and political variables which are having a bearing on the currency markets, technical analysis can assist you in determining the best times to enter and leave for your trades.

 

[Ben Kempton]

Combining the two methods can help you get a more complete picture of the market and aid in your decision-making when trading. whereas fundamental analysis may allow you better comprehend the broader economic and political variables which are having a bearing on the currency markets, technical analysis can assist you in determining the best times to enter and leave for your trades.

I usually do not combine two different methods or strategies when it comes to trading online. I create one strategy and try my best in order to focus on that one specific strategy that could enable me to make money in the long run. usually, certain kind of strategies are far much better than the others.

 

[btaliat]

For those that may not know how to combine the two, this can easily be learnt online on some platforms like YouTube channels and even Telegram. Unfortunately, there are some people that do rely on one of the two, that's why they don't get the results they deserve in forex

 

[Bigron]

I usually do not combine two different methods or strategies when it comes to trading online. I create one strategy and try my best in order to focus on that one specific strategy that could enable me to make money in the long run. usually, certain kind of strategies are far much better than the others.

It is preferable to hone one strategy before going on to others. With this method, traders can get to know their chosen strategy very well and gradually develop and enhance it. Focusing on a single strategy allows traders to streamline their trading process and develop a level of conviction and consistency that would be difficult to accomplish by switching between several different strategies.

 

[Ben Kempton]

It is preferable to hone one strategy before going on to others. With this method, traders can get to know their chosen strategy very well and gradually develop and enhance it. Focusing on a single strategy allows traders to streamline their trading process and develop a level of conviction and consistency that would be difficult to accomplish by switching between several different strategies.

I am using a single strategy on my demo account and I really wish if the demo account would be same as a live account. I use many indicators and then invest according to the plan and market flow as well. This could be a quite complicated process.

 

[Bigron]

I am using a single strategy on my demo account and I really wish if the demo account would be same as a live account. I use many indicators and then invest according to the plan and market flow as well. This could be a quite complicated process.

The emotional and psychological aspects of trading with real money cannot be simulated by a demo account, which often offers an accurate portrayal of market conditions. In simple terms, using a demo account is not precisely the same as using real money because impulses like greed and fear may surface when actual money is on the line.

 

[Gen Evie]

This is based on the idea that each asset has a fair value – and that while the markets may temporarily overprice or underprice an asset, eventually its price should normalise to that fair value.

 

[Bigron]

This is based on the idea that each asset has a fair value – and that while the markets may temporarily overprice or underprice an asset, eventually its price should normalise to that fair value.

To ascertain the asset's true value, this research considers elements including a company's financial statements, earnings estimates, economic indicators, and general market trends. Investors can then decide if the asset is now cheap or overpriced and make choices about investments based on that information once the true worth has been determined.

 

[Oluwatoyin]

It is wise to view fundamental analysis as the overall umbrella which covers the crucial factors affecting the price fluctuations of a financial market. Understanding the factors, how they work together and how they effect the overall, is where the art of Forex fundamental analysis lies.

 

[Oluwatoyin]

Fundamental analysis is a method of analyzing the intrinsic value of an asset, such as a currency, by examining its underlying economic, financial, and geopolitical factors. In forex trading, fundamental analysis is often used to forecast long-term trends and make informed trading decisions based on economic and financial indicators.

 

[Wisdom01]

You should understand fundamental analysis when trading , forex , crypto trading are risky scheme , you should take news as an important factor or concept whatever you are trading and others

 

[EBUBEJAH]

Fundamental analysis in forex trading is the process of evaluating the economic, financial, and political factors that influence the supply and demand for a currency. This type of analysis is used to forecast long-term currency exchange rate movements by taking into consideration macroeconomic indicators such as interest rates, inflation, and gross domestic product (GDP).
Forex traders use fundamental analysis to determine a currency's intrinsic value and to identify long-term trends in the currency market. They look at various data releases and events, such as central bank policy meetings, inflation reports, and employment figures, to gain insight into the health of a country's economy and its future prospects. This information can then be used to make informed trading decisions and develop a currency trading strategy.

Fundamental analysis is very paramount in both Forex trading and cryptocurrency trading, it makes or helps you make informed decisions as regards to how the market could behave at certain times, because those economic news, political news, and some policies made by the government could affect trade somehow.