Advantages And Disadvantages Of Fundamental Analysis
🔍 Fundamental analysis is a method of the Forex market analyzing with the help of a mass of indicators: from psychological to political. And today we will talk about the strengths and weaknesses of this method:
Advantages:
✅ Suitable for long-term investment: you can choose the appropriate terms and tools for trading
✅ Revealing of trading instrument opportunities
✅ Focusing on business and the economic world state
✅ The possibility of trading instruments classification by groups and categories
Disadvantages:
❌ Time consuming: qualitative analysis requires days and even weeks
❌ Subjectivity of the method
❌ An individual approach to each task
❌ Analytical errors
Do you apply the method of fundamental analysis?
TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:
Advantages:
✅ Suitable for long-term investment: you can choose the appropriate terms and tools for trading
✅ Revealing of trading instrument opportunities
✅ Focusing on business and the economic world state
✅ The possibility of trading instruments classification by groups and categories
Disadvantages:
❌ Time consuming: qualitative analysis requires days and even weeks
❌ Subjectivity of the method
❌ An individual approach to each task
❌ Analytical errors
Do you apply the method of fundamental analysis?
How to Choose a Forex Broker?
TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:
- Is the Forex Broker regulated?
- Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
- Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
- Availability of Customer Service.
- Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.
Rank Broker Name Special Offer Minimum Deposit Spread User Score Maximum Leverage Regulation Start Trading 1 NordFX 55% Deposit Bonus $10 0.0 Pips 96 1:1000 VFSC Open Account 2 SGT Markets Refer a friend $10 $500 0.0 95 1:400 IFSC Open Account 3 OctaFX 50% Deposit Bonus $100 0.4 94 1:500 IBC Open Account 4 Exness No $1 0.1 93 1:2000 FCA,CySEC,IBC Open Account 5 IC Markets No $200 0.0 92 1:500 ASIC Open Account 6 Tickmill $30 Welcome Account $100 0.0 91 1:500 FSA,FCA Open Account 7 Axiory $50 Deposit Bonus $200 0.0 90 1:400 IFSC Open Account 8 Justforex 100% Deposit Bonus $1 0.0 89 1:3000 IFSC Open Account 9 ThinkMarkets No $250 0.4 88 1:400 ASIC,FCA Open Account 10 XM $30 Welcome Account $5 0.0 87 1:888 ASIC,FCA,IFSC Open Account 11 FBS $50 Welcome Account $1 0.0 86 1:3000 IFSC Open Account 12 HotForex No $5 0.0 85 1:1000 INC Open Account
| Rank | Broker Name | Special Offer | Minimum Deposit | Spread | User Score | Maximum Leverage | Regulation | Start Trading |
| 1 | NordFX | 55% Deposit Bonus | $10 | 0.0 Pips | 96 | 1:1000 | VFSC | Open Account |
| 2 | SGT Markets | Refer a friend $10 | $500 | 0.0 | 95 | 1:400 | IFSC | Open Account |
| 3 | OctaFX | 50% Deposit Bonus | $100 | 0.4 | 94 | 1:500 | IBC | Open Account |
| 4 | Exness | No | $1 | 0.1 | 93 | 1:2000 | FCA,CySEC,IBC | Open Account |
| 5 | IC Markets | No | $200 | 0.0 | 92 | 1:500 | ASIC | Open Account |
| 6 | Tickmill | $30 Welcome Account | $100 | 0.0 | 91 | 1:500 | FSA,FCA | Open Account |
| 7 | Axiory | $50 Deposit Bonus | $200 | 0.0 | 90 | 1:400 | IFSC | Open Account |
| 8 | Justforex | 100% Deposit Bonus | $1 | 0.0 | 89 | 1:3000 | IFSC | Open Account |
| 9 | ThinkMarkets | No | $250 | 0.4 | 88 | 1:400 | ASIC,FCA | Open Account |
| 10 | XM | $30 Welcome Account | $5 | 0.0 | 87 | 1:888 | ASIC,FCA,IFSC | Open Account |
| 11 | FBS | $50 Welcome Account | $1 | 0.0 | 86 | 1:3000 | IFSC | Open Account |
| 12 | HotForex | No | $5 | 0.0 | 85 | 1:1000 | INC | Open Account |
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