You need to invest both money and time...

[nilesh5581]

Kidding aside, the market basically represents what all traders – you, Pipcrawler, or Celine from the donut shop – feel about the market. Each trader’s thoughts and opinions, which are expressed through whatever position they take, helps form the overall sentiment of the market regardless of what information is out there.

The problem is that as retail traders, no matter how strongly you feel about a certain trade, you can’t move the forex markets in your favor. Even if you truly believe that the dollar is going to go up, but everyone else is bearish on it, there’s nothing much you can do about it

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As a trader, you have to take all this into consideration. You need to perform sentiment analysis. It’s up to you to gauge how the market is feeling, whether it is bullish or bearish, and you decide how you want to incorporate your perception of market sentiment into your trading strategy. If you choose to simply ignore market sentiment, that’s your choice. But hey, we’re telling you now, it’s your loss!

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Throughout your journey as an aspiring forex trader you will find strong advocates for each type of analysis. Do not be fooled by these one-sided extremists! One is not better than the other�they are all just different ways to look at the market.

At the end of the day, you should trade based on the type of forex analysis you are most comfortable and profitable with

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Fundamental factors shape sentiment, while technical analysis helps us visualize that sentiment and apply a framework to create our trade plans.

Those three work hand-in-hand-in-hand to help you come up with good forex trade ideas. All the historical price action and economic figures are there � all you have to do is put on your thinking cap and put those analytical skills to the test!

Let me pull out that three-legged stool again just to emphasize the importance of all three types of analysis.

Take out one or two legs of the stool and it�s going to be shaky, right?!

[nilesh5581]

Higher interest rates make dollar-denominated financial assets more attractive. In order to get their hands on these lovely assets, traders and investors have to buy some greenbacks first. As a result, the value of the dollar will likely increase.

Later on in the course, you will learn which economic data points tends to drive currency prices, and why they do so. You will know who the Fed Chairman is and how retail sales data reflects the economy. You�ll be spitting out interest rates like baseball statistics.

[nilesh5581]

In other words, you have to look at different factors to determine whose economy is rockin� like a Taylor Swift song, and whose economy sucks. 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.

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The idea behind this type of analysis is that if a country’s current or future economic outlook is good, their currency should strengthen. 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.

[nilesh5581]

Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. 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

[nilesh5581]

You will learn how to identify trading opportunities, how to time the market (aka smart guessing), and when to take profits or close a trade.

But that's still not all folks. There's more! After Forex Gump explains the tricks of the trade, you'll head over to the Sophomore part of the school, where Dr. Pipslow, an ancient and revered trader of currencies, will share his nuggets on everything you need to know about the psychology of trading.

[nilesh5581]

Yep. Summer school. Forex Summer School. Where you learn forex trading. Instead of algebra.

To make sure you are fully prepared for high school and the awkward challenges you will face, we've added summer school classes to at least help ease your academic transition.

As for trying to get a date for the prom, we can't help you there. Even Dr. Pipslow is still looking for one. And he's 600 years old. Too bad he's forgotten that his prom already happened 583 years ago but we feel bad breaking the news to him.

[nilesh5581]

Until the late 1990s, only the �big guys� could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions, and not by us �little guys.� However, because of the rise of the internet, online forex brokers are now able to offer trading accounts to �retail� traders like us.

[Uhuru]

especially time because time is a lot more important to put everything that works for us the right idea that we have been able to keep on pushing a lot out there we have to really value the greatest effort that we have to work and put together that when we trade, its a good working principle that pushes the right postion of everyone

[sohail.143]

To get success in Forex business you should invest not only money but also proper time.Because by spending time you can learn about it,know the market condition and can take right decision.So money and time both are equally important in Forex business.

yeah its true forex mai just money invest karny se hi humy success nhi ho jati blky forex ko proper time daina hota hai. time and money forex mai boht importance rakhty hai agr ap small investment b kro gy and time ziada do gy to ap successfull tarder ban sakty hai

[shribalajimaharaj]

forex ke trading main dono he important hai forex ke trading main time bhe dena parta hai or ap ke achi investment ka hona bhe important hai ap log forex ke trading main success krne ke liye dono he invest krna hon ge forex ke trading main time or invest dono he important hai earning ke liye

yaha par time spend karna hi hota hai trader jab tak time spend nahi karega wo yaha par sahi tarha se kaam kar hi nahi sakta hai trader ko yaha par jyada se jyada time spend karna hota hai tabhi fayeda milta hai