When you are doing a forex trading basically you are buying a currency of one country & selling a currency of another currency.
For example if you are long on EUR/USD basically you are holding EURO currency in your hand in exchange of USD.
Now if the EURO zones economical condition improves then you will make profit & vice versa.
Studing the economical indicators you can understand what the economical condition is & where the economy is heading. This how you can understand which currency to hold/ buy & which currency to sell.
For example if you are long on EUR/USD basically you are holding EURO currency in your hand in exchange of USD.
Now if the EURO zones economical condition improves then you will make profit & vice versa.
Studing the economical indicators you can understand what the economical condition is & where the economy is heading. This how you can understand which currency to hold/ buy & which currency to sell.
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