The most novice traders too focus on indicator. They watch the indicator all day. When they watch any movement, they will make analysis and take the action when the time is right. This is why they try to find the best indicator tool. Actually, trading tools have the great role. This is a reality, but new trader also needs to understand about the other analysis types. Fundamental analysis is one of them. Maybe it looks simple, but the role can be so great.
Fundamental analysis looks not related with Forex Trading. In the most case, this is related with the occurrence in a country. Politic, economic and social aspects are the parts of the fundamental analysis. Some issue may affect to the market too, so this is not just about the real incident. For this, you need to update your knowledge and know the recent situations.
In the real trading, technical analysis and fundamental analysis need to combine. By doing it, you can get the better analysis. With the better analysis, the chance to get profit will be bigger too. Actually, there is one more analysis type to know. That is analysis of market sentiment. This analysis related with technical analysis and fundamental analysis and the psychology of the market participants.
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