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What Is Fundamental Analysis In Forex Trading
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[QUOTE="moonchild, post: 232821, member: 57467"] Fundamental analysis in Forex Trading is a way of analysing the market by making decisions based on financial and economic activities. It's totally opposite of Technical analysis which deals with reading chart and understanding the chart patterns and how to take advantage of highs and lows and support and resistance. Most fundamental analyst don't stay long in the market, they mostly scalp and use a large lot size to make the best out of an opportunity. One of the prominent fundamental analysis that traders participate in is NFP which is known as non farm payroll, this is basically the unemployment report the USA announces every month, and because of this report market is always in panic during this period and the smart banks are looking at whether to sell or buy based on the news if it is negative or positive. During the report release, the market can crash to 200 pips at a time, fundamental analyst will use this kind of opportunity to take advantage of the market. There is also news reports or a major economic crisis, fundamental analyst don't trade often till there's something happening. Fundamental analysis is suited for experts that knows how to handle risk. [/QUOTE]
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What Is Fundamental Analysis In Forex Trading
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