NEWS FUSE

Traders typically approach financial markets in one of two ways : either through technical analysis or fundamental analysis. The reality is that history is full of traders who have had very successful careers as traders that employed both types of analysis .

In fact , in the classic best selling Jack Sch wager , Market Wizards , two of the traders interviewed are Seykota Ed and Jim Rogers. Rogers is quite inflexible in his statement that he believes it is impossible to make a living as a technical trader . He goes so far as to say that he has never met a rich technician. Seykota actually shares the exact opposite story . According to the interview itself Seykota , was a merchant who struggle when he negotiated in accordance with fundamental analysis . It was not until he became a technician who began to make a living trading the financial markets.

As stated , successful traders throughout history have used both technical and fundamental analysis. In this article we will break down the basics of fundamental analysis in the Forex market .

Fundamental analysis is commonly defined as a method to evaluate a specific value in order to determine its intrinsic value by analyzing a series of economic and financial data. In the Forex market , a title would be a coin. Market participants are continually analyzing key emerging country in order to determine the intrinsic value of the currency. There are several key economic indicators each trader should understand at a basic level . Fluctuations in the data from these key indicators usually cause the value of a currency going up and down .

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