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FOREX MARKET DRIVE: The driving wheel of FOREX market to your advantage
With traders being so well suited to trading an events, fundamental analysis tends to be the main kind of analysis employed by traders, while technical analysis indicators are commonly employed to help fine tune the best entry point for trade.
Generally the most gradable fundamentals are economic indicators. These are the reports that are released periodically and provide data on a state of an country or region’s economy. These are release weekly, monthly,quarterly or annually, and are very closely monitored by traders due to the significant effects they have on the currencies used by the country in question.
An economic indicator is a statistic about the economy which allows analysis of economic performance and predictions of the future performance ,basically indicating how well the economy is doing and how well the economy is going to do in the future.