why spending time on fundamentals is important

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Thread: why spending time on fundamentals is important

  1. #1
    israr_ali
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    Default why spending time on fundamentals is important

    why spending time on fundamentals is important
    i just want to ask one simple question that why fundamentals are so important despite the fact that trade can be done off a short term interval such as 5 minute chart then why to spend time?

  2. #2
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    Because news trading is very critical, you may not be able to understand actual meaning of Forex news’s in the initial stage of your learning! It takes time to absorb! By the way, my learning process was very quick! I mainly used live market reviews of TradingBanks broker! I learned technical as well as news analysis through their expert panel!

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    To be an expert in trading you do not need to speed a lot of time leading fundamentals. There are lot of successful traders who depend solely on technical analysis. They just avoid big news event time for trading. It is your choice what will your trading strategy. I am a binary options trader. I like price action for my trading. I do trade on lxmarkets.com , a leading options broker on the web.

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    Default Why spending time on fundamental is important

    Spending time on fundamentals is so important. Because news trading is very difficult to understand. It takes some time to understand the meaning in initial stage. Expert traders need not to spend a lot of time. Because successful traders are dependent on technical analysis. Most of the experts avoid the big new event time for trading. But it depends on trader’s choice, which trading strategy they should apply. Binary option is tough in my sense. That’s why I do my Forex trading with ECNCAPITAL.COM

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    To become successful in the forex market, the most important thing is to make a strong trading plan. A trading strategy is the main key to make a profit. To make a trading strategy you can take help from your broker. I am also a trader. I am trading with TP Global FX. I am currently following a trading strategy which helps me to make a profit consistently. I make that strategy with the help of my broker.

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    Investing in forex is a very risky thing. There is always a possibility to lose the money. Most of the traders don't want to invest more in the forex market because of the fear of losses. But if you want to make a handsome profit from the market, you need to take a little bit of risk. By thinking of losses if you hold back, you can lose your whole investment. I am also a trader. I am currently trading with Forex4you. I have also that fear of loss. I always trade with my mind and try to recover that loss as much as possible with the help of my broker.

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    Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. But among the general traders technical analysis is more popular. Technical analysis solely depends on candlestick and charts pattern. I also like technical analysis. For my trading I use Eurotrader where my personal account manager helps me a lot in my trading. I also like their trading platform that doesn't create any fake candles like many other brokers.

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    Low spreads is one of the most important elements of trading. The broker who gives low spreads are basically well known to the traders. Specially the newcomers and the low investors rely on the low spreads broker. I usually trade with Tpglobalfx, which provides low spreads starting from 0.01 pips. Their spreads don't change much. So, it is very much pleasant for me to trade with them.

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    Those trading in the foreign exchange market (forex) rely on the same two basic forms of analysis that are used in the stock market: fundamental analysis and technical analysis. Since fundamental analysis is about looking at the intrinsic value of an investment, its application in forex entails looking at the economic conditions that affect the valuation of a nation's currency.

  10. #10
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    in ro ham eslah kon:
    Fundamental traders have to be traded through a lot of economic analysis. At the time of fundamental news, the market is in a lot of volatility. At this time, the exact trend cannot be understood. Many traders make a lot of losses by trading during the news. Patients should be analyzed and traded according to the impact of the news. Without fundamental news, it would not be possible to make more profit by trading.

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