Fundamental analysis in Forex trading has been almost totally forgotten along with simple understanding of charts in favor of all the exotic indicators and automatic systems that most speculators use in their day to day trading.
Traders today somehow feel that the best currency trading strategy has to be in these maze of indicators,colors, noises,systems and whatever else is “hot” nowadays. Its really quite sad that it has gotten to this point. Foreign exchange traders used to pride themselves on how they were able to truly understand the market, but in the present time we live in, they are more worried about understanding what their indicators are telling them.
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