The fundamental aspects of the market are extremely complex with making money in the Forex markets very difficult, and mastering them can take years. Understanding them will set you up for long-term success because this is where currency direction comes from. 

Trading economic data releases have the potential to make a lot of money. 

Making money trading and investing in the markets is no different than making money buying and selling anything else in life, and this fundamental concept will never change. The only difference between Costco and JP Morgan is what they sell, not how they operate or how much money they make and lose.

Costco purchases the products at wholesale prices, marks them up, and then sells them to us at retail prices. JP Morgan purchases stocks and bonds at wholesale prices, marks them up, and resells them to us at retail prices. It’s the same business model, just with a different product. 

The economic fundamentals are the most important factor in trading decisions. The market’s fundamental backdrop consists of three major areas, which is why it can be difficult to predict currency direction at times. 

The key to trading the releases is divided into two parts. First and foremost, you must have a thorough understanding of the fundamentals and how various releases affect the market. Second, you must be able to execute trades precisely and without hesitation.

If you can master this aspect of trading and have the confidence to trade the events, you’ll be well on your way to making large capital advances. 

After all, it is these economic releases that really drive currency movements. These are the same economic releases that central banks base their policy decisions on. So, by following the releases and trading them, you will not only be aware of what is going on in terms of central bank policy, but you will also be increasing your capital. 

Most bank traders spend the majority of their days wandering around the dealing room chatting with other traders or going to lunch with brokers. They rarely spend more than a few hours in front of a computer.

You can if you understand the market’s technical and fundamental aspects and have a comprehensive professional capital management system. 

It only takes a basic understanding of the key strategies to employ and where to employ them to get started. Many traders have attempted to replicate their methods for “beating the bankers.” But the point is that you don’t want to be competing with them, but rather joining them. That way, you’ll be trading with the market rather than against it. 

So, to summarise, there are no miraculous secrets to forex trading. There are no special indicators or robots that can replicate the dynamic nature of the forex market.

You simply need to understand how the market’s major players (bankers) trade and analyse it. If you get these aspects right, you will be well on your way to success.

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