It includes analyzing economic data such as GDP growth, inflation rates, interest rates, employment figures, and political events like elections or geopolitical tensions. - Traders who use fundamental...
bank announcements, and geopolitical events can all cause volatility in the forex market and influence trends. In conclusion, analyzing forex charts and trends is a fundamental skill that all forex t...
and stick to your trading plan rather than chasing after quick profits. 3. Manage Risk: Managing risk is crucial in forex trading to protect your capital and prevent emotional decision-making. Set st...
are improving over time. You can analyze your trades, identify areas where you need to improve, and make adjustments to your trading strategy accordingly. It's important to remember that while demo a...
trading fees and spreads. While some brokers offer commission-free trading, they may make up for it with wider spreads. Compare the fees and spreads of different brokers to ensure you are getting a co...
Created on: 2024-08-24 07:31:05