Jenithetradegirl
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Hey guys, I wanted to ask this from the experienced traders. I have been trading for a year so I am an absolute newbie. Is forex trading primarily driven by fundamental factors or market sentiment?
Forex trading is influenced by a combination of fundamental factors and market sentiment. Both play significant roles in shaping the direction and volatility of currency pairs.Hey guys, I wanted to ask this from the experienced traders. I have been trading for a year so I am an absolute newbie. Is forex trading primarily driven by fundamental factors or market sentiment?
It's driven by traders' sentiment, by what they are thinking about the market. Fundamental factors are what affect sentiment.Hey guys, I wanted to ask this from the experienced traders. I have been trading for a year so I am an absolute newbie. Is forex trading primarily driven by fundamental factors or market sentiment?
The price is a combination of a trend and noise. Fundamental analysis aids in predicting trends, while changes in market sentiments create noise. If you want to make the most of fundamental analysis, it's advisable to focus on long-term trades because price is guided by trend only in long-term (check S&P 500 monthly chart)Hey guys, I wanted to ask this from the experienced traders. I have been trading for a year so I am an absolute newbie. Is forex trading primarily driven by fundamental factors or market sentiment?
its a mix and tey both play their roles and the best strategy considers bothHey guys, I wanted to ask this from the experienced traders. I have been trading for a year so I am an absolute newbie. Is forex trading primarily driven by fundamental factors or market sentiment?