How to stay updated about latest market trend?

[MZFx-0]

Many traders suggest indicators that may help in identifying the market trend and I know it. But I saw most of the indicators work below average to let you know of the upcoming trend shift. In that regard, how can I fundamentally view the market?

Any tips?

 

[Gito Dinev]

To fundamentally view the market, focus on macroeconomic indicators like GDP growth, inflation rates, unemployment data, and central bank policies. These factors influence long-term trends. Additionally, monitor market sentiment through news, earnings reports, and geopolitical events, as they can impact investor confidence. Pay attention to market cycles, sector performance, and the economic backdrop rather than relying solely on technical indicators, as they often lag behind shifts in market fundamentals. Combining both fundamental analysis and technical indicators gives a more comprehensive market view.

 

[Zerologic]

Once a trader has prepared a trading plan and thrown it into the market, further control only allows for modifying orders, and having no control over market trends, but following economic news updates can provide insight into possible market trends.

 

[Zerologic]

I choose forex trading instead of the Binary option. My reason for forex trading is buying and selling foreign currencies, while the binary option is just a gamble like flipping a coin.

 

[Thaddeus Finch]

Many traders suggest indicators that may help in identifying the market trend and I know it. But I saw most of the indicators work below average to let you know of the upcoming trend shift. In that regard, how can I fundamentally view the market?

Any tips?

I think combining both technical analysis and fundamental insights can help create a more complete picture of the market.