@mytradingland Fundamental analysis is important because it helps you understand why an asset should move, not just where the chart is going. Iโd use it to establish the bigger picture, then technical analysis for timing the entry and exit.
@mytradingland Thereโs no fixed amount. You can start with as little as $10โ$100 to learn, but realistically, $500โ$1,000 gives you more room to manage risk properly. The key isnโt having a huge account, itโs protecting your capital and staying consistent.
๐จ BREAKING: US ISM Manufacturing PMI for August fell to 54.6, missing the 55.2 forecast and dropping from July's 55.6.
Impact for Traders:
Forex ($USD): Potential short-term downside for the US Dollar as markets price in softer economic growth and lower September rate-hike odds.