Am I right that a long-term trading is overly complex for a newbie. Should I find out fundamental analysis before start trade long turm?
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Am I right that a long-term trading is overly complex for a newbie. Should I find out fundamental analysis before start trade long turm?
@Dunno67
I would personally always recommend people learn fundamental analysis. I tried with technicals for ages and never made money, got into fundies and it completely changed my trading. Fundies would be the reasons why the currencies proceed the way they do. Therefore, in the event that you know why the transfer, you know how they'll proceed in the future.
Central banks control monetary policy which is the moves in interest rates, which results in the currencies to move. Take a look through my thread Fundamental Trading using a Directional Bias or drop me a PM and I am happy to help.
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