Being the first to know what is about to happen is surely beneficial in forex trading, but is it really mandatory in order to reap good profit? If traders do not necessarily need to be the first to know, then is it really worth knowing anyway?
Learn the basic of fundamental analysis, how to be one step ahead against other traders and how to piece up all the seemingly jumbled up economic information for your advantage.
Have you heard about the "buy the rumor, sell the news strategy? Is it capable of making us identifying good trading opportunities with high rates of profit?
Fundamentalists are obligated to understand how economic indicators influence forex trading. If you are a beginner in understanding fundamental analysis, here is a useful guide.
Retail sales data release is an event that constantly takes forex market attention. What is Retail Sales Data, why is it important, and how do we trade it?
Every country has its own Central Bank that functions as Banker's Bank as well as monetary authority. Because of that, Central Bank policy can have huge impact on the country's currency.
There are three rules to remember in applying fundamental analysis. Failure in understanding these rules might be the reason why your fundamental analysis does not work.
From the central bank statements to retail sales data, here are the most important UK economic events for currency traders, along with their impacts and chart examples.