In the previous article, we already talked about the types of fundamental analysis and classification of economic news. It's time to delve deeper into the topic. Today we will look at 5 types of economic indicators and find out how they affect the foreign exchange market and why. Let's get started.
Back to our gold rush! Today we will continue to talk about the XAUUSD pair and finally find out what strategy you can use in trading.
Welcome back to our gold trading marathon. We have already talked about the precious metal itself - we learned what affects its price and discussed its main trend. Time to learn more about the trading instrument itself and about the main trading features.
Greetings to all lovers of gold trading. You’ve made a truly difficult choice. Trading on this pair is radically different from trading simple currencies. You have no chances if you enter the market unprepared. Your Stop Loss levels will be constantly knocked out and it is unlikely that you’ll manage to get out of a losing streak.
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