Currency Analysis
Tuesday, October 17th, 2006
If we have a look at forex ads in the newspaper, there are many misleading advertisements that say that you don’t need to know anything about economics or the fundamentals of the foreign exchange market to be successful in forex. Obviously the contribution of economics to the field of currency analysis plays a huge role, especially in equilibrium exchange rate models, an important tool for analyzing long-term exchange rate trends where they basically give you the big picture of the foreign exchange market.
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