Forex trading looks simple on paper. Like trading any other kind of good, you earn by buying low and selling high. But trading currencies is a little different. For one currency values usually do not stay the same for long and although currency movements open up plenty of opportunities for earning profits, you have to have great skills in predicting where currency values will go - up or down. So the first things you have to learn are the factors that induce values to move. There are many: the economy of a certain county, its economic and political policies, trading relationship with other countries. These factors are what experts call as fundamental factors that influence currency movements. Predicting currency movements based on fundamental factors is called fundamental analysis.
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From: http://www.articlecat.com/Article/Why-Learning-Forex-Trading-Basics-Is-Important/435238
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