Now you learned all the things those fresh Forex Trader needs to know. What are they must learn and to become successful traders? This guide of the “Resources to learn Fundamental Analysis in Forex Trading” post will help you to learn all the things about the Forex fundamental analysis. If you find for “Fundamental Analysis Resources to Learn”, then you are in the right place.
Read down and Comment here If I missed anything here.
There are many ways available on the internet to learn about the fundamental analysis of forex trading. You can learn to analyze the fundamentals from Books, Courses, YouTube videos, Signal providers, Mentors, and Forex trading blogs or websites.
We are here to guide you. You never need to find any other resources to learn forex fundamentals anymore.
Forex is a game of big players. We just can follow them to collect some pips to get profit out.
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Fundamental is just another factor only which helps to understand the next move of market price movement. Every movement of the market is not based on fundamentals. It is too easy to do Analyze the Fundamentals if you know how to use tools and best resources. As a small trader, we can do fundamental Analysis with just 2 simple steps.
- Read the Monetary policy.
- combine monetary policy with Economic Calendar.
Read down to get more info.
- What is Fundamental Analysis in Forex Trading?
- Why analysis of the Fundamentals is important?
- How to Analysis the fundamentals of Forex?
- Forex Fundamental Analysis Tools
- What is the Best Forex fundamental analysis site?
- How to analyze the Forex Fundamental News?
- Where to find the Best Economic Calendar?
- How to trade Forex when Fundamental News?
- Is there an additional risk on news trading?
- What is the last step in the Fundamental Analysis of Forex?
- Fundamental Analysis Books.
- Forex Fundamental Analysis Course.
- Forex Fundamental News Vs Technical Analysis.
I mentioned in my earlier post, We must do all three types of analysis [Fundamental, Sentiment, Technical] if we need to become successful traders. If not, we have to go with 95% of Losing traders.
The biggest mistake does small traders do place trades everywhere. That is why many small retail traders do lose their accounts.
As small traders, We need to follow the Big players. We should only trade for that direction, for they do trade. By doing the fundamental analysis, We can get an idea about overall economic strength or weakness and get an idea about the next step of the big players.
Main Concept of the Fundamental Analysis.
Read carefully and practice this. First of all, I will explain what is the concept here. We need to just three steps.
- Go to the central bank site.
- Read and understand the monetary policy.
- Go to Economic Calendar and see how their promises are working.
You can learn more about central bank analysis in this post.
Forex Fundamental Analysis Tools.
Monetary policy and the economic calendar are the best tools you can do analyze the fundamentals. But you can get more pieces of information using Economic news sites. Using the monetary policy You can get an overall idea about the current situation of the currency, Their current position, What they will do, and many things.
Using the Economic calendar you can get the latest updates of the economic events. It helps to know, will have to chances to move the market in your direction or not.
How to get Summarized fundamental Data?
You can see many sites that provide pieces of information about the fundamental Analysis. you can get the economic forecasts and many more pieces of information with or without paying money.
Personally, I cannot recommend any site for you. I do suggest you follow monetary policy and economic calendar to do fundamental analysis.
Samples for Fundamental analysis sites.
But, you can use these sites as beginners to get some experience.
How to analyze the news for Forex Fundamental analysis?
Go to the central bank’s official website on the specific country owned by your targeted currency. Read the monetary policy and understand it by reading the latest report. The economic calendar shows every economic event of a particular currency.
For example, If you going to trade with USD Employment rate news. See the forecast and previous numbers of the report. Then compare the latest results with previous and forecasts.
You can get more details from our New trading strategy.
How to trade Forex when Fundamental News-Times?
If the Actual result was good than the forecast and the previous result, you can buy that currency. That is how we should use economic news to Fundamental analysis in forex.
If the Actual result was worst than the forecast and the previous result, you do not have any good reason to buy that currency. In this case, I do suggest you do not trade if the monetary policy says it was a natural cause.
What is the last step in the Fundamental Analysis of Forex?
Fundamental is not the only fact that can move the market. Every retail trader must wait and see whether big traders were there before getting into the trade.
Forex Fundamental Vs Technical Analysis | Which is the best?
“What is the best analysis method from the Fundamental and Technical” We suggest you never try to do comparison these analyses. No one can say fundamental is best than the technical, or the technical analysis is best than the fundamental.
If you need to be a better retail trader, then you have to follow and do all three types of analysis including trader sentiment on COT data, fundamentals, and technical.
What are the Best Fundamental Analysis Resources to Learn
There are few main resources available to learn fundamental analysis of forex. If you can understand our concept, then you don’t need to find any resources again to learn this topic.
We are here to give you all the information “fuel” to your brain “vehicle” for a successful forex trading journey. That is why you are here on our forex trading information and a service center. Here are some resources that you can learn fundamental Analysis to improve your forex trading skills.
Forex Trading Websites and blogs.
Fundamental Trading Books
Forex Fundamental Courses
Fundamental Analysis Books.
Many mentors do sell Fundamental Analysis books. You can buy it from your bookshop. You can find many Ebooks free of charge on the internet. Fundamental Analysis Books were also available to buy on the internet. You can use these sites to buy your Fundamental Analysis Ebook.
The intelligent investor is another good book to read as a beginner. You can get it surfing on sites that I mentioned above.
You can watch the summary of that book free of charge on youtube too.
What is the best Forex Fundamental Analysis Course?
You can find many courses that you can learn fundamental analysis. In my personal opinion, the “Learn to trade forex fundamental Analysis” course is the most popular course on the Udemy.com website.
The course Price is $89.99
Still, You can learn without spending any dollars using this blog. You can read many things about the fundamental analysis in this post. Also from How to analyze the central bank post.
FAQ of Fundamental Analysis
What is Fundamental Analysis in Forex Trading?
Analyzing the Economic and non-economic factors of a specific country or region is the Fundamental Analysis.
Fundamental analysis is the main thing that all big and small traders do before the analysis of the technical charts. You can learn everything about the fundamental of Forex from our fuelforex.com blog.
Why analysis of the Fundamentals is important when doing Forex?
Every Big player does need some proper reasons to get their entry to a trade. The important thing of fundamental analysis is knowing the overall economic and non-economic situation. So they do the Fundamental Analysis.
Fundamental analysis helps small traders to understand the next step of the Big players. that is why small traders must do analysis and why it is important.
Is there an additional risk when Fundamental news trading?
The market is moving fast when the news-times. Sometimes the Non-commercial traders do buy the currency, and Sometimes they avoid trading.
The trend makes no more were there when the news-times, then the Commercial traders do move the forex market against the news.
By doing these kinds of trading, they hope to complete their profit-taking targets.
Every movement is happening only if the big players were there. So the news trading is the riskiest job than trading when no news-times.
Learn Advance Fundamental Analysis in Forex Facts as a Beginner post is over now. Let me know if I missed anything here.
The comment section is always opened for you to any question or review about this post. Next, you have to read about the trader sentiment.
Thanks for Reading.