If you are studying either OCR or AQA and you don’t find the notes you are looking for check the Guru Textbook. Fundamental analysis in Forex is a type of market analysis which involves studying of the economic situation economics forex countries to trade currencies more effectively.
It gives information on how the big political and economical events influence currency market. Figures and statements given in speeches by important politicians and economists are known among the traders as economical announcements that have great impact on currency market moves. But when news are due, traders have to check the actual data. If to look at oil prices, a rising price will result in weakening of currencies for countries which depend on huge oil import, e.
Whose speeches to keep an eye on? Chairman of the Federal Reserve Bank of USA, Secretary of the Treasury, President of the Federal Reserve Bank of San Francisco and so on. Traditionally, if a country raises its interest rates, its currency will strengthen because investors will shift their assets to that country to gain higher returns. Decreases in the payroll employment are considered as signs of a weak economic activity that could eventually lead to lower interest rates, which has negative impact on the currency.
A country that has a significant Trade Balance deficit will generally have a weak currency as there will be continuous commercial sellings of its currency. GDP is reported quarterly and is followed very closely as it is a primary indicator of the strength of economic activity. A high GDP figure is usually followed by expectations of higher interest rates, which is mostly positive for the currency. When it comes to news trading Forex brokers, however, may not be supportive of traders intensions to trade during news announcements. There has been practices reported when Forex brokers simply freeze platforms during news, so that no trades can be opened or closed.
Forex trading is a high risk investment. All materials are published for educational purposes only. All forex traders in the world knows that forex candlestick patterns still one of best shoot become domination on forex technical analysis. In forex trading world, forex candlestick pattern is very important to analyze from market probability. This article will share about some forex candlestick patterns. Just for information, forex candlestick patterns works best only on H4 time frame above or at least from H4 because contract price from forex market made on every 4 hours like option beside more big time frame it’s mean candlestick patterns more stronger or more valid. It’s very different if using this candlestick pattern in small timeframe.
Yes, its because there’s more fake signals appear on this candlestick patterns. Here is link below that you can download and learn and lastly don’t forget to exercise your skill about learning this secret majors reversal candlestick patterns. How To Trade With Leading Economics Indicators ? How To Get Stable And Fastest Internet Connection On Our Metatrader 4. Join Our Instaforex Contest Weekly Or Monthly, No Deposit Required!
Why We Need To Review Forex Broker ? Jump to navigation Jump to search “Forex” redirects here. This market determines the foreign exchange rate. The main participants in this market are the larger international banks.