Due to the influence of the erratic currency market, often this will affect our psychological. Therefore it is very important to be tough and have high confidence when trading.
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Many of the traders at this stage will start experimenting with trading. At that time, they will estimate price movements, in the absence of clear directions or rules of their trading, leading to speculation (gambling).
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The Importance of a RISK MANAGEMENT!!!
As good as any analysis and prediction you, but if not balanced by risk management then the result will be 0 (zero), because not every time we can always be successful, win or profit.
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Principle: Fundamental analysis is an art to take into account the importance of information obtained from the political or economic development of a country. Whether the information will be a factor that will affect the exchange rate fluctuations of a currency or not. The following are the fundamental principles of analysis: