Original subtitles

Okay everyone. Welcome to the newest section fundamentals.

Now one thing that we need to discuss with fundamentals is

the fact that it cannot be taught. Fundamentals is

something that you have to go ahead and do your own due

diligence and see what happened in the history and try and spot

those patterns in in the future. For example let's have

a look at FOMC meetings and you you can basically read up on

the outcome and try and predict the movement but not take a

trade off from that movement. Just use it in confluence with

your analysis. Now with fundamental analysis we're not

fundamental traders meaning if we look at the numbers for

let's say for example NFP we don't trade NFP that only lines

up the with our analysis then we can take a trade. Exactly

the same with cash rate or CPI. Now what we're not going to do

is we're not going to discuss each and every single thing

because there are hundreds of them. We're going to do an

exercise where I'm going to show you how you can educate

yourself on fundamentals and that is what I used to do a

lot. And first and foremost guys the website we're using is

Forex Factory. It's very simple. When you start at the

homepage you just go to calendar. And you select on

this cone thing and only select the red folders. And obviously

the pairs that you are trading. Um That looks like it. And then

it's going to show you everything. Okay. Now why is

fundamentals important? Now fundamentals is important based

off from the pure fact that it gives you a second vision on

the market. It gives you more confidence with knowing what's

going on in the market. Remember the pairs that we are

trading are based off from sums of the exchange rate. Now what

affects the exchange rate of a country? It's fundamentals,

political events, economical events. It does not get changed

because it bounced off from a trend line. Definitely not. So

it gets affected by these factors. Now our technical this

gives us a fundamental idea then the technical analysis

just confirms it for us. Okay. So definitely take note of

that. The the technical analysis confirms the move that

we have the idea or from this these fundamentals. So

Definitely take note of that. The fundamentals is if you

don't trade with fundamentals you're basically trading with

one eye open and one eye closed. I mean you can do it

but it is dangerous and unnecessary. Just have a

broader idea of what's going on with the country that you're

trading. That's why we are expressing the fact that focus

on one instrument at first or two at most. But if you going

ahead and trying to focus on eighteen trading pairs the

recipe for disaster because there's so many things going on

during a week. This is next week. This is the week after

that. There's always going something on. Now if you get an

overall idea of what the market is doing and you back it by the

the technical analysis then you go for gold. So definitely take

note of this. Um this is more of an exercise section I'm

going to I'm going to show you how to do it and then you going

to do the exercise. Enjoy.