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BESOMEBODYFX
THE BEST TELEGRAM CHANNELS FOR FOREX FUNDAMENTAL ANALYSIS
Fundamental analysis in Forex is getting popular, nowadays the topic is gaining popularity and the interest is rising. So here’s the best to follow right away.
If you are looking for the best Telegram channel to follow for fundamental analysis in Forex, this article will do exactly that. We first highlight the best channel to follow, and then we dive deeper into the topic with more details to guide you in the right direction.
You will find many traders to follow for trading in general, but for fundamentals specifically, who’s the best?
Very simply, BeSomebodyFX is the best Forex channel on Telegram for macro fundamental analysis.
If you know something about signal providers you will definitely know that the majority focus on technical analysis.
Right?
Yes.
That is the fallacy of the retail trader, he focuses only on technicals, and not on what really moves the market.
And if you are experienced enough in trading you will know that both trading styles are useful.
In other words, the experienced trader knows that fundamentals and technicals go hand in hand. Fundamental analysis is used to determine the direction of a currency, and technical analysis is used to execute the trade idea at the right levels with the right risk rewards.
But let’s not get off topic.
The best Forex fundamental analysis Telegram channel:
BeSomebodyFX is the best that provides useful insights and trades.
Here’s the link to the official Telegram channel:
AND Here’s an example of a trade:
That’s what can be considered professional and insightful.
On top of that, you will find valuable insights and executable trade ideas, what most would call signals.
Now, we have broadly discussed already the best Telegram channels for Forex signals.
So in this article, we go deeper into this specific trading approach.
The best fundamental analysis:
Technical analysis is easier to understand, let’s face it.
For beginners, a simple currency chart makes more sense than concepts like monetary policy, interest rates, and such.
This type of analysis can look complex and articulated.
I know.
But in reality, it all depends on how it’s delivered and explained.
For instance, instead of doing complex macro analysis of all the various factors affecting the economy of a given currency…
Here’s a practical and executable approach to fundamentals:
Not too complex, isn’t it?
It all depends on the experience and language that the trader sending the insight uses.
No need for fancy words. Keep it simple, so to speak.
So that’s why it’s important to follow the right traders that can explain and illustrate this trading approach well.
And that’s why the best fundamental analysis in Forex is the one that can be understood, explained, and illustrated in actionable practical terms.
That’s where the value is.
Because if something isn’t actionable, what’s the point?
I can give you a pretty articulated fundamental research of a currecy pair, with all the possible details about the macro details for a specific currency. But if it’s not an executable trade there’s not much value in it.
So, let’s go into more detail.
Forex fundamental analysis on Telegram:
The first thing to do is to differentiate between the traders that actually provide actionable ideas from the ones that just send “analysis” and not trades.
In other words, there’s a big difference between a Forex trader and a Forex analyst.
Similar in definitions but completely different in practice.
The trader knows how to actually trade, while the analyst only knows how to generate a research on a currency pair.
Obviously, it’s NOT the same thing.
And that’s why technical analysis and fundamentals go hand in hand for professional traders.
They are both useful to a trader’s purpose.
Technical traders are realizing how powerful a macro view is in trading. Starting from the Federal Reserve and how influential it is on the market too.
Really, people are realizing that this is what drives the market, and thus the interest in the subject is rising.
Ok, but what’s all about?
What is fundamental analysis in Forex:
We can get into a lengthy discussion on the subject.
But to put it VERY simply, this type of market analysis is about understanding monetary policy and its influence on markets.
I mean…
The use of fundamentals as a trading strategy is basically about understanding how macroeconomic factors like monetary policy influence markets’ fluctuations.
And I know.
That might be different from what you have read somewhere else.
But that’s the point.
Because if we look at the classic definition on Google you will find just theoretical nonsense.
Really.
The practical approach is much different.
Don’t get me wrong, it is NOT just about monetary policy, there’s a lot more than that, and I mean A LOT more.
It’s a wide subject, and monetary policy itself is a wide topic that goes from interest rates to balance sheet and more, so it’s a lengthy discussion.
Also it’s a qualitative approach.
What’s that?
Well it means that this type of research is done with qualitative analysis, hence it’s a subjective topic. Meaning that each has its own style…
But the point that I want to make is that macroeconomic factors are a major influence on the markets.
So?
So it’s important to follow a good and experienced Telegram channel that provides fundamental analysis in Forex.
And that brings us to the next popular question.
Where to get the right fundamental analysis:
On Telegram, there are plentiful groups that provide trade signals and insights.
But, keep in mind…
Very few have a reliable and consistent approach.
So, who should you follow?
BeSomebodyFX is the best one if you want high quality trade recommendations.
It has professional insights with also trade ideas that are executable, not just the classic theoretical analysis.
That’s where to get Forex fundamental analysis and keep in mind there’s a big difference between a trade and an analysis…
Trading signals are more specific and actionable than a simple broad macro research.
For instance, I can tell you such and such currency is bearish or bullish with plenty of macro details, but executing on it is a different thing.
I mean…
You have to find an entry level, a stop loss level and you have to find a target with a good risk reward.
Right?
Yes.
So what I’m trying to say is that the right Forex trading groups on Telegram are the ones that provide actionable trade ideas, not just random commentary.
But you know that well already, don’t you?
Forex fundamentals are more professional:
You will notice one major difference between the fundamental traders and the ones based only on technical analysis…
What is it?
Simply, macro traders, in general, are more professional and experienced than the average retail traders.
Really?
Yes.
And the reason is because this kind of approach requires more time to understand fully, thus you tend to find more professionals using such a trading style simply because they are more experienced.
And of course…
There are tons of highly professional technical traders too.
But…
If you are on Telegram and you already follow some channels for signals you should know what I’m talking about.
The differences between professional and unprofessional traders are evident in all aspects, we have discussed this extensively already.
In other words, this trading approach requires some experience.
And thus you can quickly recognize professional fundamental traders from the unprofessional ones.
So here’s the next important point.
The benefit of professional fundamental analysis:
The best traders always have other traders giving them ideas and insights on which they can act on.
And for that reason, Telegram channels that use this trading style are extremely useful.
Simply because you don’t have to do all the research yourself. You can have other professionals that bring you actionable and valuable trade ideas.
That’s cool, right?
Yes.
That is an extremely valuable tool in your trading, because when you try to do everything yourself you may miss some information, or you end up burning out.
So, follow the traders that can generate valuable insights and reccomendations for you to execute effortlessly in your trading.
We have written extensively on the Forex fundamental analysis signals subject already.
And I can tell you that the difference is always made by deciding to follow the right traders and not the unprofessional ones.
I mean…
Telegram is full of random kids sending useless trades.
So find the professional ones and focus on that.
And with focus I mean remove the noise from who is unprofessional.
Makes sense?
Focus on following the best.
It’s a simple but extremely valid advice.
Forex fundamental analysis tools:
One of the popular questions about this trading style is if there’s any tool to help with it. Like a trading indicator that gives you the macro details for a currency.
Now, this a bit of a discretionary and subjective topic.
I mean, there are no fixed rules for this style of trading.
Often you may see that one trader is bullish on a currency for a specific reason.
While another may be bearish on that currency for other reasons.
That highlights an important matter about this…
Experience is what matters.
What I’m trying to say is that there’s NO fixed rule or specific tool to use for analyzing the market fundamentally.
There are some trading frameworks and strategies that can be used, like certain leading indicators. But the whole thing must always be put into context, and that skill is created with experience.
So the best tool is to follow the right experienced Telegram channels to help you get the right macro views and trades.
At the same time by following such experienced traders you can learn and develop your experience as well.
That’s a massive advantage.
Fundamental analysis in crypto, does it work?
The answer is a straightforward yes.
Cryptocurrencies are gaining a lot of popularity, and thus traders are starting to ask if these concepts work for trading in crypto too.
Obviously, it’s a complex subject that involves understanding the Federal Reserve and its balance sheet adjustments. But yes, cryptocurrencies are affected by macro fundamental factors, a lot.
And in terms of Telegram channels for cryptocurrencies, there are tons.
But, it’s the same story…
I mean, in crypto very few understand and focus on macroeconomics.
Most just use classic retail trading technical analysis.
So?
So follow the right ones.
How to learn fundamental analysis for Forex trading:
To learn about Forex fundamental analysis the right way you have to be smart and learn by experience.
What do I mean?
I mean that the theory only brings you so far, what actually makes you a good trader in any style is simply practice and experience.
Sounds pretty logical, so…
How do you build experience in Forex?
Well, you do that by trading with the right macro traders. And, you do that by reading insights and following trades from the right sources.
In simple, you do that by following and studying professional and experienced traders.
That is how you learn to trade with this approach.
Simple?
Kinda, yes.
And that is why it’s so valuable to follow high quality Telegram channels that provide highly valuable and educational trade ideas.
There’s plenty that you can learn from each trade, you just have to take notes, research, or ask about what you don’t understand.
In simple…
Do the work.
Get a solid trading education that is basic and then move on to more advanced concepts by learning from more advanced traders.
And that’s everything there is to say about trading fundamentals on Telegram:
This approach to trading is a powerful style.
And following the best Telegram channels for Forex trading that provide actionable trades and insights is extremely valuable.
In simple, this type of signals are always professional and solid if you follow the right traders.
And above we have given you the best recommendation to follow.
Now you just have to be patient and disciplined, this style is a powerful tool in your trading. Follow the best Telegram groups to help you make the best fundamental analysis for your trading.
We have explained in detail already in this article why it’s the best with all the various nuances. Now you just have to put in the work to start studying and trading professionally.
And remember:
- If you want the best trades and insights you have to follow professional experienced Forex traders.
- To learn about this trading approach the right way you have to work smart, not hard.
- Telegram channels for trading are extremely useful when you follow the right ones.
The best Forex trading fundamental analysis on Telegram:
To conclude the article let’s recap the best fundamental analysis Telegram channel for Forex trading.
BeSomebodyFX is the best for that.
And, both for Forex and for some cryptocurrencies insights too.
Patience and discipline are needed with this approach, there are more longer term trades than shorter term ones, but the rewards are noticeable and worth the effort.
In other words, fundamentals in Forex can be very rewarding and consistent, and the Telegram channels that trade with fundamental analysis are easy to follow and professional.
