What Are Forex Fundamentals and Do They Matter?

It is important to be aware of fundamentals when trading, especially those that affect monetary policy. In this way, you know how to react to news and data releases.However, trading strictly on fundamentals is not a strategy that is likely to work over the long run as there are other factors that impact currency rates. In addition, you need toi be in touch with what the market is trading on as you can have the right idea about the fundamentals but wind out blowing i=your account if the market is not cooperating..So, you need to have an understanding and use technical analysis in your trading.Forex fundamentals refer to the economic and financial factors that influence the value of currencies in the foreign exchange market (forex). T