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Know about Forex Trading Fundamentals | What is Forex?
- Location: India
Forex trading fundamentals refer to the essential concepts that guide traders in the foreign exchange market. Key factors include understanding currency pairs, how economic indicators like interest rates, inflation, and GDP affect currency values, and the role of central banks in influencing exchange rates. Traders also analyze geopolitical events and market sentiment to predict currency movements.
When learning what is forex, it's crucial to grasp these fundamentals, as they help traders make informed decisions based on economic conditions and market behaviour rather than relying solely on technical analysis.
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