Topic: How to Use Fundamental Analysis in Forex (Read 132 times)

I learned that the vast majority of Forex traders rely on technical and fundamental analysis when choosing a trading strategy.

The fundamental analysis of Forex is mainly based on changes in the economic and political life of society. Such changes very often lead to predictable changes in currencies. Accordingly, traders using fundamental analysis are interested in having relevant information about the level of inflation, unemployment, and the latest political trends that are made available through the news.

I also want to write that fundamental analysis adds some understanding of changes in currency prices in connection with the development of a specific economic situation. Traders in their forecasts regarding the development of the situation on the market and the determination of entry and exit points are often guided by data of both technical and fundamental analysis, constantly comparing them and making the appropriate conclusions, as for me I even write my assignments on fundamental analysis. For example, as a rule, a trade imbalance is necessarily taken into account in a general analysis of the market situation. If the indicator of foreign trade deficit for a country remains stable for a sufficiently long period of time, then this is not so clearly reflected in the price of the currency. But if the trade deficit exceeds market expectations, the price of the currency may change significantly. Therefore, the study of fundamental analysis is very important!

 Analysis is always important, you are absolutely right

Fundamental analysis is a powerful tool that can effectively indicate currency pair price movements.

https://fxtradingpro.com/how-to-use-fundamental-analysis-in-forex/