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Developing Strategies for Scalping Profits from Currency Exchange Markets
Forex markets can be volatile, and investors are always looking for ways to maximize their profits. Some turn to technical analysis, while others prefer to use fundamental analysis. In this article, we will focus on fundamental analysis and how you can use it to profit from forex markets. Firstly, let us define what fundamental analysis is. Fundamental analysis is the use of economic, social, and political factors to determine the value of a currency. These factors include the country’s interest rates, GDP, inflation, and political stability. Traders who use fundamental analysis believe that these factors affect the currency’s value more than technical factors. To start using fundamental analysis, you need…