Forex is one of those areas that most people feel is complicated. In reality, it's like many other forms of investment, a little knowledge can be dangerous.
The good news for people out there looking for forex investing strategies is that there are enough strategies out there to meet any investment goal.
Before starting to invest in forex or dive into any strategy you need a trusted forex broker that can help and guide you reach your financial freedom
One of the brokers that we recommend is TacMarkets TacMarkets gives you all of the tools and daily analysis when starting out and gives you the suitable guidance to your level giving you all of the basic fundamentals
helping you Tracking the progress of the commanding heights of the economy also known as the Fundamentals. Fundamentals are things like employment, interest rates, CPI, and even politics. While trading the big picture, you need to know what the fundamentals are for the currencies involved.
If you think about it, this makes a whole lot of sense! Just like in your Economics 101 class, it is supply and demand that determines price, or in our case, the currency exchange rate
Using supply and demand as an indicator of where price could be headed is easy. The hard part is analyzing all of the factors that affect supply and demand.
You have to understand the reasons of why and how certain events like an increase in the unemployment rate affects a country’s economy and monetary policy which ultimately, affects the level of demand for its currency.
The better shape a country’s economy is, the more foreign businesses and investors will invest in that country. This results in the need to purchase that country’s currency to obtain those assets.
In a nutshell fundamental analysis is a way of analyzing the potential moves of a currency through the strength or weakness of that country’s economic outlook.