If you want to guarantee the certainty that is sought in forex fundamental analysis, you must be aware of the basic factors that influence currency values. These factors include labor market indicators (such as unemployment and payroll rates), housing market indicators, GDP inflation (Gross Domestic Product), interest rates, and many more. However, before we dive into the basics of fundamental forex analysis today, let’s recall the basic rules and basics of economics, namely the rule of supply and demand. In our discussion, supply and demand will determine currency exchange rates. The easiest way to follow these two waves is through the news from various credible media in Qatar. Meanwhile, when it comes down to news, we have a good one for you. You can go to http://www.arabforex.pro/en/qatar/ if you are looking for the best forex broker in Qatar.
With forex fundamental analysis, you will find yourself in an unusual world: your main focus will be on general economic and political conditions, including cultural events in Qatar and other major countries in the world. Have you ever noticed how President Trump’s tweet rocked the market? If so, then congratulations, you have seen the part of fundamental analysis in forex.
Any news can affect the market significantly and the forex market in Qatar can change direction because of it. It is very important to keep abreast of all economic and political news to be ready to take action as soon as the market adjusts to its new conditions. The point you have to understand here is knowing the potential reversal at the moment – and that is what successful trading is all about!
This is the “framework” of fundamental analysis in forex trading in Qatar, its most basic point. To make your predictions, of course, you have to take into account various fundamental factors and economic indicators, both major and minor. But we will review that later. Fundamental analysis in forex works best when combined with technical analysis, but it is still good even when used separately.