The importance of fundamental Analysis in Forex

Fundamental analysis is an approach to analyzing the markets by taking into account factors such as the social, economic and political issues. These factors tend to influence the supply and demand of the security in the question.

Fundamental analysis is one of two ways to analyze the forex markets. The other approach is the more widely popular technical analysis.

Both fundamental and technical analyses are important when you want to study the markets. However, traders mostly ignore the fundamentals when trading currencies and focus only on the technical analysis.

The general argument is that day traders who only trade within a small time frame need not concern themselves with fundamentals. This is because fundamentals are what tend to impact longer-term trends.

However, regardless of whether you are day trading or swing trading, it is important to pay attention to the fundamental developments in the markets as well. You can actually expect to … Read the rest

Understanding Forex: Trading Beyond Boundaries

Foreign exchange is a crucial component in international trade. Your bank facilitates the transfer of monies in different currencies in a seamless fashion – this article examines the utility of good forex trade.

For most of us, the term forex exchange comes into play only when we are leaving for a foreign trip and need to exchange our INR for foreign currency. However, forex for a holiday is just a small component of the complex, global forex market. It is used daily for international trade.

What is foreign exchange trading?

Unlike other markets, the forex exchange trading space does not have a physical market arena. It is a virtual space where two different currencies are traded at a certain rate determined at the start of the business day. Two or more currencies are traded in order to facilitate business between different countries. Meanwhile, forex services in India also cater to … Read the rest