Market Indicators in Online Trading
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Forex traders make use of economic indicators to assist them in their daily trading regimens. Simply put, an economic indicator is economic data that is used by investors for interpreting present and future investment opportunities.Economic indicators are also used to gauge overall market sentiment. On a macro scale they include factors like unemployment data, manufacturing and industrial production figures, GDP, and CPI.These market indicators are ideally suited to assisting traders in their trading decisions. Without indicators, it would be more challenging to identify market trends and directed towards trading opportunities as they occur.
Why Are Market Indicators So Important?
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