Why Fundamental Analysis Matters in Forex Long-term trends: Fundamental Analysis (FA) helps identify strong or weak currencies over months or years. News-driven volatility: Major economic releases (e.g., interest rate decisions) cause sharp price movements. Policy shifts: Central bank actions (like QE or rate hikes) shape currency strength. Key Economic Indicators in Forex Indicator Why It…
Technical Analysis (TA) is the study of historical price movements to predict future trends. Unlike fundamental analysis, which focuses on economic factors, TA relies on charts, patterns, and indicators to identify trading opportunities. Basics of Technical Analysis Core Principles: Price Discounts Everything: All known information (news, sentiment) is reflected in price. History Repeats Itself: Patterns…
Forex Trading for Beginners: A Complete Guide 1. What is Forex Trading? Definition: Forex (foreign exchange) is the global marketplace for buying and selling currencies. It’s the largest financial market, with a daily turnover exceeding $7 trillion. Purpose: Traders aim to profit from fluctuations in exchange rates (e.g., EUR/USD rising or falling). 2. Key Forex…