What you should know about fundamental analysis in Forex

BESOMEBODYFX

WHAT YOU SHOULD KNOW ABOUT FUNDAMENTAL ANALYSIS IN FOREX

Trades

BESOMEBODYFX

the real fundamental analysis in forex

FUNDAMENTAL ANALYSIS TRADE EXPLAINED AND ILLUSTRATED STEP BY STEP with a real trade example.

I know, there is NO content out there showing you how to PROPERLY trade with fundamental analysis and how to effectively understand fundamentals in Forex.

You can find endless content on technical analysis.

But with fundamentals is different…

Most of the content that you will find will go just as far as giving you a list of all the various economic indicators while giving you basic technical definitions of what they are.

That’s BORING, isn’t it?

Yes, it is.

And other than being boring it’s also NOT enough to understand what fundamental analysis really is about, at all.

So I’m sure you won’t be surprised if I told you that there is a lot more to fundamentals in Forex.

And I mean… a LOT more.

Fundamental forex trades:

Now, if you follow us regularly on our public Telegram channel you will have noticed this trade:

Don’t worry, this is NOT one of those self promotional articles telling you how great we are and how good that trade was.

No…

This article is an opportunity for you to dive deeper into the thought process of a fundamental trade idea as we explain step by step, detail by detail, the exact context behind the above mentioned trade.

So far it sounds a little bit better than the old classic boring kind of fundamental article, doesn’t it?

Alright, let’s see if it is…

the fundamental context around the trade idea:

When a fundamental idea is generated it usually comes from an understanding of what is the dominant macro narrative, theme, sentiment, or however you prefer to call it.

Because at any given moment in time in the markets if there is a trend there is also a fundamental narrative driving that trend.

And understanding what is the specific fundamental driver of that trend is the FIRST thing that gives you context and awareness of where the market is moving to.

The trade example:

Now, let’s say you are bearish on the Dollar because inflation is slowing down allowing the FED to slow down the size of their rate hikes…

Perfect, the above is an headline that shows the kind of sentiment that was prevailing across markets a couple of weeks prior to the EURUSD trade idea.

With that in mind…

You would be pretty happy to be bearish on the Dollar if inflation continues to slow down, right?

Yes, of course. You absolutely would.

Precisely, the reason for being bearish the USD would be further proven correct if inflation keeps printing below consensus. You would be pretty happy about being positioned for that.

Great. Now here’s the caveat…

What if the data begins to tell a different story in regard to inflation?

What if inflation does NOT slow down as fast as expected?

With that in mind, without a doubt, inflation is something to monitor very carefully in this specific case.

Like… VERY carefully, correct?

Absolutely.

The fundamental data:

So of course traders, economists, central banks, analysts, crypto gurus, you name it, all were watching the CPI releases to see if the trend of slower inflation continued or not, and…

The CPI printed slightly ABOVE expectations highlighting how YES inflation was coming down BUT at a slower pace than what was ideal for the FED.

As you already know, or as you can probably imagine, that was NOT bearish for the Dollar…

Now, here’s the interesting part…

fundamental sentiment and expectations:

At any given moment in time, the market is “expecting”, or more technically, “pricing” a certain scenario or a certain fundamental path to take place.

That expected scenario can be related to monetary policy, politics, or whatever can and does influence market sentiment.

In this particular trade, we are talking specifically about expectations for the path for interest rates in the US.

So whether the FED needed to hike more or less than what was expected.

Or… to use a more technical term, whether the FED needed to hike more or less than what was priced in.

The consensus in markets prior to the CPI trade was expecting a more dovish FED and a peak in interest rates due to inflation slowing down.

But obviously that narrative QUICKLY flipped around as the CPI printed above expectations.

So the market started to price in MORE rate hikes from the FED than what was priced in before the inflation number.

In simple words…

The fundamental sentiment pivoted from expectations of a dovish FED to expectations of a more hawkish one given the higher inflation print.

That became the dominant sentiment across the board.

Which later was also further supported by the FOMC minutes:

This is the most important snippet from the latest FOMC minutes, it’s nothing particularly new but we know that the data has moved in a hawkish direction since the FOMC meeting so undoubtfully the next rate decision might lean more to the hawkish side#USD #DXY #USDOLLAR pic.twitter.com/R8DVoL4lj8
— BeSomebodyFX (@BeSomebodyFX) February 23, 2023

Ok, but let’s not get too much into the little details.

Too many specifics can be confusing so let’s keep it straight to the point.

For now, just understand that the sentiment pivoted from slightly dovish to more hawkish expectations for interest rates in the US.

So, from bearish USD to bullish USD.

That’s all that is needed to know to understand the basic reasoning for the EURUSD trade in question.

The most important part about fundamentals:

When a central bank says something we listen, and we listen VERY carefully…

But when the data starts to question what the central bank says, we listen EVEN MORE carefully.

When there is a shift in fundamentals there is a shift in expectations and a shift in expectations creates a solid trade opportunity.

So if the market is priced for one scenario but the narrative begins to turn, there is a trade to take right there and then.

With the EURUSD example, the stronger US data meant more FED hikes needed to be priced into markets’ expectations which meant the Dollar was about to find some buyers.

Thus, positioning short on EURUSD was a valid option for us…

Here is the exact trade that we shared with the Private Network members:

By the way, fun fact…

The trade entry above was missed by about 5 pips.

So we missed the best entry but later we still then managed to find another Dollar long in another pair to ride a tiny bit of the move.

Anyway…

The market was trading one sentiment of bearish USD due to slower FED hikes thanks to slower inflation.

Then, the data started to tell a different story thus the market shifted to the opposite sentiment, one of more rate hikes from the FED.

This shift in sentiment created the conditions for some USD strength.

That’s the juice of it.

the core driver of a fundamental trade in forex:

Now, it may sound way too articulated or complex, but analyze it for a moment…

Think about what is the CORE driver of that trade.

What is it?

A shift in sentiment, or similarly, a shift in expectations.

The core element behind this kind of trade is an understanding of what fundamental story is dominating and simply trading with it.

Easier said than done, but it’s a good base to think about Forex fundamental trading properly.

If you know where the fundamental sentiment is likely to move you know what the trend is likely going to be.

And then what do you do if you know what’s the trend going to be?

You follow the trend, of course.

So you position your trades for what is the expected fundamental direction.

Now, don’t get me wrong, this is just ONE small example and it’s NOT what fundamental analysis is all about in trading.

Still, without a doubt, it is a VERY important one…

And definitely one that can generate plenty of great trade ideas.

Fundamental context and sentiment in Forex:

Remember that when the market is positioned on one side pricing a specific fundamental scenario and the data begins to question such scenario there is a trade to take, a pretty good one.

So if the FED says they are going to hike rates just another 25bps and then pause, the market prepares for that scenario with softer short term US yields and a weaker Dollar…

But, if a couple of weeks later a batch of US numbers comes in SO STRONG that it flips whatever the FED has said, then that whole USD weakness would reverse.

The reason?

Because the market would price out that dovish scenario and would instead price in a hawkish one, one of more rate hikes.

A shift in fundamentals means a shift in sentiment which means a shift in market direction.

With that said…

EURUSD itself came just shy of the full target when the sentiment started to change again.

Feels and looks like markets have repriced rate expectations sufficiently at this point, hard to justify much more hawkishness from here, at least until the next CPI release#USD #DXY #USDOLLAR
— BeSomebodyFX (@BeSomebodyFX) February 28, 2023

Rate hike expectations began to peak but at that point, of course, the stop losses for the Dollar longs were well in profit protecting the positions.

And that is a trade based on fundamental analysis.

Pretty easy, isn’t it?

NO…

Of course NOT.

Learning about fundamental analysis:

If you have never heard about this kind of actionable fundamental analysis it won’t be an easy one to wrap your head around at first.

It takes some raw mental processing to understand the context, but that’s why it is so effective in understanding the direction the market is going to trend.

This is going to sound so obvious but…

If you want to improve your fundamentals you have to eagerly consume this kind of educational content that guides you through the reasons around a trade idea.

That’s an effective way to learn about fundamental analysis.

Study the right content, consume the correct information, and mostly, put everything into practice by trading with the right minds around you.

So, if you like this kind of educational trade analysis drop us your email down below to get notified when we publish another article like this.

Think about fundamental analysis the right way:

Now, there are three main topics that I want you to take away from this article here…

To know the trend you must know where the sentiment is likely to move.
You must NOT get stuck in an old and stale narrative. In other words, if the data changes direction, if things take a different shape, you HAVE to adapt to the new sentiment.
The same applies to the take profit. If the fundamental context changes, if the data changes, you HAVE to adjust and protect the running position. Otherwise you can find your trade back at breakeven in a hurry.

With that said…

Fundamental analysis in Forex trading is an immense topic, IMMENSE.

And obviously, one trade example can only cover a small piece of the whole picture.

But little by little this is the kind of content that will show you the ins and outs of what fundamental trading REALLY is about.

Other than that, if you have managed to read this article all the way to this exact paragraph that means you are already way ahead of the majority of retail traders out there.

Just always remember, follow the right traders that elevate and keep your trading at a professional level. Really, the people you follow influence you in ways that go far beyond what you can imagine.

December 28, 2022January 2, 2023

Crypto Global Macro Q1 2023

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CRYPTO GLOBAL MACRO

Trades

BESOMEBODYFX

CRYPTO GLOBAL MACRO Q1 2023

BULLISH SCENARIO APPEARS ON THE HORIZON BUT DON’T GET TOO EXCITED YET.

With FED policy slowing down, there are some valid arguments to start being bullish on BTC. We are seeing some early indications that the bottom is near…

But DON’T get too excited just yet, because “near” doesn’t mean “right now”.

Let’s say, the bottom is in the process of being created, but we are still quite EARLY in that process and a test of 10k is always well on the table. Let me explain…

Usually, after bear markets and before major bottoms, there’s some sort of capitulation. In other words, a strong flush lower that hits longs in the right spot… to then bottom and start a bull market.

Yes, the early 2020 type of capitulation:

That bearish part of the cycle is usually because of a recession or growth concerns, after a FED tightening cycle.

Did you notice the “after a FED tightening” highlighted?

There’s a reason why it’s highlighted, here’s what you need to know now…

The CURRENT macro story:

On the previous crypto update and basically since the start of 2022 we have been bearish on crypto because of the aggressive monetary policy tightening from the FED and other central banks around the world.

But now the story about the crypto bearishness because of FED tightening has been done already, that’s now old stuff as the FED slowly turns to a more cautious approach with slower rate hikes.

But wait a second…

I know what you thinking… at this point, naturally you are thinking that since the FED is now finally slowing the size of the rate hikes it’s a good time to buy the dip, right?

If so, you would be partially correct BUT fundamentally early…

Let me explain you the reason…

From here, what you must keep in mind is that BTC is a risk asset… an ultra super volatile risk asset, but always a risk asset, like stocks.

BTC is a risk asset, a high beta risk asset, NOT a safe haven, keep that in mind#BTCUSD #Bitcoin #BTC
— BeSomebodyFX (@BeSomebodyFX) December 16, 2022

And risk assets are NOT only driven by monetary policy but by growth expectations too. This means that if a FED pause in rate hikes is followed by a recession, BTC will still struggle to find a bottom.

Yes, you read that right… a pivot in FED’s stance alone is NOT enough to seal a bottom for crypto.

A rebound in economic activity along with the FED pivot is also needed for BTC and crypto to be able to mark a macro bottom, what we call… soft landing.

Think about this way…

A FED pause in rate hikes without a recession, which is what we technically call soft landing, IS bullish crypto.

While a FED pause in rate hikes followed by a recession is NOT bullish crypto. At least not until the FED lowers interest rates enough and starts pumping some more stimulus.

Ok, let’s get to the point…

All this to say that, in a potential recession, DON’T expect crypto to act as a safe haven. The safe haven will be GOLD, not BTC… keep that in mind.

Now, back to the macro context…

What’s next from the FED:

The FED is about to slow down to smaller rate hikes. From their latest dot plot we can see a median consensus for another three but smaller 25bps hikes this year:

The dot plot shows the median sitting at 5.25% interest rate, so at the expected slower pace of 25bps that’s another 3 hikes from current levels.

In simpler words, the FED expects to slow down the tightening path and hike just 3 more times before holding steady.

And I know what you thinking… FED officials can be awful forecasters of where rates will go.

Yes, without a doubt, that’s true…

But we don’t really watch the exact number of hikes they expect. Instead, we take note of whether they expect a slowdown of the tightening pace anytime soon or not.

And at the moment yes, they do…

The latest dot plot median consensus tells us that the FED is ready to go slower, and wants to go slower. That’s the sentiment to take away from it.

slower rate hikes but still not buying dips?

Let’s put it this way… slower rate hikes from here on are a fact, and that’s bullish crypto, yes but there’s a BUT…

And that BUT is the “soft landing” part of the equation, that’s the unknown.

As discussed above, after a tightening cycle, the matter for risk assets is whether the economy can hold steady without a recession or not. And while we don’t like to anticipate and forecasts recessions we can say that most of the classic leading indicators at the moment are pointing to a global recession.

In other words… in our view, the facts continue to say that it’s still time to stay relatively cautious on crypto and avoid jumping into dip buying, just yet. There will be even better levels to load soon, we are thinking 10k and possibly an overshoot lower than 10k too.

What you should know:

We have been bearish crypto all the way through 2022, we turned bearish at around 45k as the FED started to tighten monetary policy and we have been bearish all the way down to current levels.

And right now we can continue to say that… it’s still NOT time to buy the dip. At least not yet, not with the current macroeconomic conditions.

Yes, without a doubt, we can see that a bullish scenario is forming on the horizon, but before that, there’s likely going to be another leg lower toward 10k.

Remember…

The price you see on your favorite crypto chart it’s NOT a good indication of whether it’s time to buy. Don’t be the one that thinks BTC is “cheap” because of the price its at… It’s NOT the price that says when BTC bottoms, it’s the macroeconomic context.

And that’s why keeping a constant eye on the FED is so important. Monetary policy creates both bull markets and bear ones.

The 2020 and 2021 bull market was caused by low interest rates and QE operations, what it’s called “easy monetary policy“. While the 2022 bear market by the complete opposite policy with higher interest rates and QT operations, what’s called “tight monetary policy“.

Now we are entering an entirely different macro regime for crypto and regular markets. It will be a target rich environment for short term trades and long term macro opportunities, get yourself around the right traders to trade with discipline and confidence.

That’s everything, we will update on our views with a new crypto global macro in the first week of Q2. You may want to leave us your email down below to get alerted when we publish it.

November 2, 2022January 3, 2024

Top Fundamental Analysis Forex Signals 2024

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TOP FUNDAMENTAL ANALYSIS FOREX SIGNALS

BESOMEBODYFX

BEST FOREX SIGNALS WITH FUNDAMENTAL ANALYSIS

this particular trading approach is often A PROFESSIONAL AND ADVANCED WAY TO TRADE, so HERE ARE THE BEST traders to follow BASED ON this trading style.

When it comes to signal providers there are a ton, but they are all based on classic technicals, so where can you find something different from that?

Well, the best traders that send the best fundamental analysis can be found on Telegram, and we have an excellent recommendation for that:

BeSomebodyFX is always the top recommendation as it’s the most professional and most accurate when it comes to trade recommendations.

But let me tell you more…

What you need to know about fundamentals:

Most of all, is that it’s NOT just about economic indicators, the same way technical analysis is not just about historical price movements and chart patterns.

There’s more to it for both.

You can read more about central banks and monetary policy to get started in the right direction if you want to understand more about the more detailed aspects of this trading approach.

With that said, what you need to know is this type of approach can be more complex and articulated than, for instance, the classic technicals.

That’s to say that, without a doubt, signal providers that share this type of professional insights need to be experienced and highly educated on the matter.

Otherwise, if you follow inexperienced traders, you are just going to get random and useless trade ideas based on the wrong takes.

So, who’s the best to follow?

The best fundamental analysis signal provider:

BeSomebodyFX is the number one for fundamental analysis signals for Forex on Telegram.

And it’s not just about the accuracy of the trades, it’s also about the professionalism and the education in the reccomendations and insights.

For instance, there are numerous traders to follow…

But most of them are more focused on technicals, meaning they operate only based on technical analysis.

And technical traders focus mainly on analyzing the charts, with things like chart patterns, price action, and such.

Which is ok, don’t get me wrong, it’s perfectly ok to approach the markets that way.

It’s alright.

But when you want a more complete and professional approach, fundamental analysis for Forex trading comes into play.

Now, this trading subject is often widely misunderstood.

Right?

Yes.

And I mean…

There’s a lot of content out there, but it’s not necessarily the correct one.

If you make a basic search on Google about the subject you will find mostly just basic information and basic education that just goes as far as explaining what interest rates are and what economic indicators are.

That’s what people teach as fundamentals.

They list the various economic indicators and they teach some basic concepts about interest rates, and that’s all.

But unsurprisingly, there’s a lot more to it.

The basics are great for beginners, of course.

But at one point you have to level up to the more advanced trading concepts.

But let’s define what we are talking about exactly…

What is Fundamental analysis in Forex trading:

As mentioned above, often you see and hear about this topic in the most basic and simplest way.

People talk about interest rates and economic indicators as all there is about it, but again, it’s NOT just about that.

The practical and useful way to think about this kind of approach it is to think about monetary policy and the global macroeconomic context.

It starts with central banks and their monetary policies in the macroeconomic environment.

Wait, it sounds complicated?

Sure, it’s NOT an easy subject.

An effective fundamental trade in Forex is both simple yet articulated at the same time.

And that’s exactly why following professional traders that properly show you how to analyze markets with this type of trading style is important.

And, as already mentioned…

BeSomebodyFX is the best to follow.

FOR INSTANCE, SEE THIS TRADE EXAMPLE:

What’s highly valuable is the explanations behind the idea.

In other words, the trades have solid research and details attached to explain each position.

It’s not just random signals…

That’s definitely the content that you should value as most useful and insightful for your trading because you can also learn how to trade with fundamental analysis from this kind of insights.

You know, the theory brings you so far, the practice is what really builds your experience and your knowledge.

Sure, it’s a clichè phrase, but it’s true.

So, get yourself around the right traders and start studying what they do and how they do it.

In simple, this is the kind of high quality information that you have to surround yourself with.

And this is the type of professionalism that you should follow if you are looking for high quality trade recommendations.

Makes sense?

Awesome.

And by the way…

Whether you are a swing trader or a short term trader it doesn’t make a difference, let me show you why…

Fundamental analysis and swing trading:

Trades with this type of approach are usually by nature swing trades, why?

Because they involve holding positions for medium to long term time horizons.

So that’s true.

But it’s NOT always true.

Obiously there are some short term positions to take with this type of market analysis that are quite profitable and professional.

A good trader, even if he prefers to take longer term positions, knows when there is a short term opportunity to take.

And if it’s high quality, he often takes it.

Or to put it differently… a good trader is open minded to both short term and longer term opportunities.

Also, an excellent swing trader combines both type of type of approaches to have the most info about a currency pair to make educated decisions with his positions.

In other words…

Swing trading is about medium to long term positions so it’s an approach that is different from intraday trading.

But a good trader knows how to adapt between the two styles together.

And, a more macro approach to trading can generate both intraday and swing opportunities, although the swings are by far the most common.

But let’s not make any confusion…

What you need to know is simply that to make effective swing trades you need both fundamentals and technicals.

Cool?

Alright.

And the point is that the top Forex Telegram channels for signals usually use both the two approaches, which gives greater accuracy and better consistency.

THE DIFFERENCE FROM other types of trading styles:

The difference between technical and fundamental trade reccomendations is simple…

Signals with technical analysis are based purely on the charts and the price action, while there is a lot more around the macro aspect of trading.

Here’s exactly what I mean…

Technicals are mainly about analyzing candlestick patterns, price action, patterns, market structures, and similar styles that are related to the analysis of the chart itself.

Meanwhile, trades with this particular approach are based mainly on macro fundamentals and then in addition they have some technicals too.

Because remember…

Technicals and fundamentals go hand in hand.

So it’s when you combine both that you get the most benefits.

But let’s see a practical example of a trade:

See how it’s not just one type of approach or the other?

There is some technical analysis, but there’s also insightful details attached to it explaining why the currency pair should move in a specific direction.

When you combine both trading styles you find the sweet spot.

That’s the professional way of doing it, combining both styles to have a complete approach to the markets to trade it correctly.

And listen, I know what you may be thinking…

Fundamentals look complicated, right?

Well, not necessarily.

Let me show you what I mean…

How to understand trades with fundamental analysis:

There is one way to understand and learn this approach to trading.

You read, and you research what you don’t understand.

Sounds too simple?

Well, yes, it’s that simple.

But let me show you an example…

FOR INSTANCE, LET’S TAKE AS AN EXAMPLE THIS INSIGHT:

This one is pretty straightforward and it’s the update of the other trade shared above this one.

You may noticed that, for instance, on the insight attached with the analysis there can be some terms like “yields” or “interest rates” or similars that you don’t know about.

So, what do you do about it?

You get on Google or Youtube and you research the subject to understand it better.

And if still you don’t get it, then ask questions, take notes of what doesn’t make sense to you, and try to find a way to get your head around it.

That’s how you understand this type of trading.

If you are a beginner and you need to build up your knowledge.

Now, let’s get to the next subject…

Where to find Forex signals with fundamentals:

You can get trade reccomendations on many platforms but when we talk about this type of trading style specifically, you have to be more selective.

And as already mentioned…

The majority of signal providers are only focused on technicals.

So?

So if you are looking for price action analysis or technical charts and patterns you have plenty of traders that do that.

Some are more professional and some less.

But…

If you are looking for content that goes deeper into macroeconomics, and I mean the type of content that is accurate and educational, then you have to follow the very best Telegram groups for Forex.

There is average, and there is high quality.

The question now is…

How do you recognize the high quality ones from the rest?

How to find high quality trades:

Well, the rule of thumb is simple…

If a signal provider sends valuable trade ideas that you find useful and that you can use in your trading, that’s a great follow.

Whether it’s intraday or longer term that’s up to you, you know what style you prefer so adjust your following based on that.

For instance, if you are more of a swing trader you shouldn’t follow intraday trades. Simply, focus on a provider that has your preferred trading style.

Now, let’s recap…

What are the best Forex fundamental signals:

The best trades are the profitable ones, simple.

But also the educational and insightful ones.

Because signals are not just about following a random analysis. I mean, trade reccomendations are also about the education and the insightfulness of the idea itself.

That’s the very first differentiation between an average signal provider and one above average, the quality of the insights sent.

And what about professionalism?

Professionalism is also a very important aspect, of course.

On Telegram you have a lot of traders to follow, but few are professional and high quality.

Let me explain why professionalism matters…

It matters because a trader needs to be disciplined in his trading, and also insightful in his communication. When a trade idea is shared it needs to be precise and concise to illustrate the trading opportunity in all its important details.

See, this type of analysis is a bit more nuanced than technicals, thus it takes a bit more experience to be traded in the right way.

With that said, it’s obvious why professionalism matters.

Always, and I repeat, ALWAYS follow experienced and professional traders, it makes all the difference.

Above we have explained what are the best fundamental analysis signals in Forex trading and you also have a great recommendation to follow.

Now it’s time to get focused, remove the noise from the random signal providers, follow the best traders, and value the high quality fundamentals.

October 19, 2022November 2, 2022

Best Way To Learn Forex Fundamental Analysis

BESOMEBODYFX

BEST WAY TO LEARN FOREX FUNDAMENTAL ANALYSIS

Trades

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HERE'S HOW TO LEARN ABOUT FOREX FUNDAMENTALS

IF YOU ARE LOOKING FOR THE BEST FUNDAMENTAL ANALYSIS EDUCATION THIS ARTICLE WILL EXPLAIN YOU EXACTLY WHERE AND HOW TO LEARN FOREX FUNDAMENTALS the proper way.

There is just ONE way to truly learn Forex fundamental analysis. And that is to follow already successful traders that show you how it’s done.

This is the way, period…

There’s no book, no video, and no educational article that will teach you the ins and outs of Forex fundamentals, the best way to learn about it is to trade the markets and build your experience up.

Don’t get me wrong, the theory is needed. So yes, you should read books, watch videos and consume content about fundamentals. But the real experience is built by trading the markets.

With that said, here’s how really to do it…

Where to learn fundamental analysis for Forex trading:

Simply, Telegram is a great platform to learn about fundamentals because that’s where you can find the best channels for Forex fundamental analysis.

By following professional traders on Telegram you can build your experience. You may be wondering how?

Watch successful traders in action, read their insights, read their content, and study their trades. That’s how you do it.

When you follow the right traders, you will naturally improve your trading experience.

Because you can assimilate all the concepts and nuances that actually make a trade, not just the theory.

Now, let me show you a practical example of what I’m talking about.

How to learn Forex fundamental analysis:

You learn about fundamentals by following traders that share valuable trade ideas and not just random signals.

In other words, learn by trading with the right minds around you while following their fundamental analysis signals. That’s a simple way to put it.

And here’s what I mean…

Look at this Forex signal below, this is the classic example of what is NOT valuable:

What is there to learn from that kind of content?

Nothing, it’s just a random trade signal with no analysis behind it for you to learn from.

What I’m trying to say is that, when you follow a trade, you have to know why that trade makes sense. Like, what’s the logic behind it? And, what’s the analysis for that specific trade?

With those details, you can take notes and study the reasonings for each and every trade and you can build your experience up.

And that’s the reason why you have to follow the top Telegram channels for Forex to truly learn about it.

But let me be more specific, here’s an example of what instead is highly valuable and educational content:

Can you spot the difference? Of course, there’s a big difference between the two examples.

And that’s where you have to be smart. Now, let me explain how it works…

HOW WHO YOU FOLLOW MATTERS:

If you follow the random trader providing no value whatsoever you won’t increase your expertise and your knowledge, and thus you won’t learn anything.

But if you follow the insightful trader, you will pick the right ideas and insights to increase your knowledge and learn about fundamental analysis.

And I’m talking about the real fundamentals, not the nonsense that you find out there. Here’s what I mean…

What is fundamental analysis in Forex:

Macro fundamentals are about understanding central banks and monetary policy, and in knowing how to make practical use of it for actual trading.

And “knowing how to make practical use of it” is such an essential part. Because it’s NOT just about knowing the theory, you have to know how to make use of the theory.

I mean, there is a big difference between an analysis and an actual trade.

An analysis just tells you where a currency pair should go, but an actual trade needs to find an entry, a stop loss, and a take profit level.

And then, when the trade is running, there is trade management which is another important subject. Once you are in the trade you have to manage it correctly, which means not taking profits early and allowing the trade to run.

Those are all things that you learn by doing. You learn about all these little nuances by actually practicing them and seeing them in action.

it’s the BEST Forex fundamental analysis education that improves your trading:

So, if you want to learn about macro fundamentals trading you have to follow traders that send tradable trade ideas that you can study and learn from.

The “tradable ideas” are insights and trades that you can take. So you can take notes on why a certain trade was taken and then you can also take notes on how it evolves.

Because keep in mind, the most important aspect of the learning process is the notes that you take. It’s the process of studying and learning from the trades.

Make sure that you don’t overlook that part, you learn about fundamentals by studying the process and practicing it. In other words, you learn by doing the trading and taking notes so that you can repeat what works and optimize what doesn’t.

That’s the best way to learn Forex fundamental analysis:

First, you learn the basic theory. Then, you have to start following the right traders and the professional Forex signals to learn more specific details on how to actually trade it.

In simple, you follow successful and professional traders that already have the knowledge that you need, and you study them. That’s the way.

And of course, in the meantime, you also study some theory, you look for Youtube videos about the subject, read some books, and consume content about it.

But always remember that practice is what makes perfect. The theory only brings you so far, you have to trade to build up experience.

And when you follow the right signal providers you can truly learn about fundamentals. And of course, it takes some time, it’s not straightforward, and you definitely have to put in the work, that’s how it works.

October 12, 2022November 2, 2022

Where To Get Forex Fundamental Analysis

BESOMEBODYFX

WHERE TO GET FOREX FUNDAMENTAL ANALYSIS

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BESOMEBODYFX

WHERE TO FIND AND GET FOREX FUNDAMENTALs

FOREX FUNDAMENTALS ARE IMPORTANT FOR A TRADER, SO HERE IS WHERE TO FIND THE BEST FOREX FUNDAMENTAL ANALYSIS.

When we think about Forex fundamentals we also think about where to get Forex fundamental analysis, and that is a common question that can be answered easily.

The first thing that comes to mind is websites like Bloomberg. But in reality, that’s where you get important headlines and opinions but NOT actionable fundamental research.

To get Forex fundamental analysis you have to follow actual traders who trade based on fundamentals and that share their trade ideas and insights.

For instance, on Telegram, you can find plentiful traders, some technical based and some fundamental based.

And between all, there are just a few that stand out and that really provide valuable fundamental analysis for Forex trades.

So, here’s what you need to know…

Where to get accurate Forex fundamental analysis:

On Telegram you can find the best Forex fundamental analysis channels that share valuable and insightful fundamental analysis for Forex trading.

That’s where to get accurate Forex fundamental analysis. And not just that, because that’s also where you can find professional trading education to elevate your trading experience and your results.

Here’s an example of what we consider professional and useful Forex fundamental insights:

The example above is taken from the BeSomebodyFX Telegram channel, and you can see how the fundamental insights is highly valuable and executable. Which also means that you can actually generate a trade from that analysis.

In other words…

HOW TO find ACCURATE FOREX FUNDAMENTAL ANALYSIS:

Follow professional Forex signals on Telegram that give you high quality trades and high quality insights that are also educational so that you can also learn Forex fundamentals.

That is the best way to get accurate Forex fundamentals, and it’s also the best way to get trading education about fundamentals.

As you build your trading experience in fundamentals you will start to recognize the valuable Forex signal providers at first sight.

WHERE TO FIND The best Forex fundamentals:

The best Forex fundamentals are the accurate and professional trade insights, the one you can rely on and the one you can trade yourself consistently.

In other words, you can find accurate Forex fundamental insights when you follow experienced and professional traders. More simply, when you follow the best Forex Telegram channels.

That’s a great way to improve your trading and make more solid Forex trades.

Because fundamentals in Forex trading allow you to understand the real reasons behind markets’ trends.

When you see a currency pair trending in a specific direction there is a fundamental reason behind that trend, and by knowing it and understanding it you can know whether that trend is likely to continue or not.

Thus, by doing that, you know if you can position for a trend continuation or not.

And when you follow the best Forex signals Telegram groups you can get accurate and insightful fundamental analysis to generate valuable trade ideas effortlessly.

Where to find Forex fundamental trades:

As mentioned, you can find Forex fundamental trades by following the best Forex traders on Telegram. And when it comes to following the best traders you have to be smart and wise in understanding who is professional and who isn’t.

Professional Forex signals are more valuable and reliable than random signals from random kids with no trading experience.

Thus, always make sure you are following traders that you repute professional and insightful.

I know, it’s easier said than done because there are so many unprofessional traders out there, but here’s a good rule of thumb…

There are traders that give you actionable and insightful trade ideas that you can trade and benefit from.

And there are traders that just send screenshots of winning trades and flex about their profits without providing actionable trades.

It’s pretty clear who you should follow…

Once you follow a good trader that provides you the insights and trades that you like then stick to it.

There is a lot to be learned from professional traders just by reading and watching what they do with their trades.

We think that the best way for a trader to learn about fundamental analysis is to actually trade the market with a good fundamental trader guiding him.

In other words, practice builds your experience and experience makes you a successful Forex trader.

So when it comes to following accurate Forex fundamental analysis always look for the very best. Don’t settle for mediocre content, value high quality, and value highly professional traders.

September 28, 2022October 1, 2022

Crypto Global Macro Q4 2022

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CRYPTO GLOBAL MACRO

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BESOMEBODYFX

CRYPTO GLOBAL MACRO Q4 2022

BEARISH IT WAS AND BEARISH IT REMAINS, FROM A MACRO PERSPERCTIVE THERE’S NO BOTTOM FOR CRYPTO on the horizon, YEt.

There’s just ONE key comment from Powell that you need to keep in mind in order to understand the current macroeconomic context:

“Will keep at it until we are confident the job is done.”

The “will keep at it” means they will continue to hike rates aggressively, and the “until we are confident the job is done” means until inflation shows meaningful signs that it’s slowing down.

It’s a pretty straightforward message from Powell to say that even if growth continues to slow down, they will keep on tighten monetary policy aggressively until they are confident the “job is done” against inflation.

In other words, for the time being, you can keep ignoring the “up only” crypto gurus out there.

The macros story remains bearish:

As we have been repeating in the previous crypto update and in the one before as well when BTC was around 45k, the macro context is that…

There’s no bottom in crypto until the FED turns. There’s no technical support that will hold until the FED turns. And there’s no level to load positions until the FED turns.

Powell’s current guidance does NOT leave any room yet for that “FED pivot” that can seal a bottom in crypto.

Thus… if you want to start buying for the next major bull run, this is still NOT the right macro environment YET.

The “path of least resistance” for crypto remains lower, and based on September’s dot plot from the FED we see that the board expects another 125bps worth of hikes over the next two FOMCs.

Which means they want to hike another 75bps at the November’s FOMC, and then possibly MAYBE slow down to 50bps in December.

In case you don’t know… The dot plot is an illustration of the personal expectation from each FED official of where the FED fund rate should be at specific points in time, and each dot represents each FED official’s expectations.

It is NOT a reliable indication of where interest rates will be. But it still allows us to know what the FED’s board consensus is.

And with the dot plot in mind, it’s evident, the FED is highly committed to keeping policy tight for as long as needed with large hikes and QT operations to reduce the size of their balance sheet.

In other words, another 75bps hike in November is another BIG interest rate hike, and 50bps in December is still big too. And all this while QT operations are now ongoing at full size:

QT pace is doubling…

As per schedule, the FED started it back in June and now it ramps up in size from September. Does it matter? Yes…#Bitcoin #DXY #USDOLLAR
— BeSomebodyFX (@BeSomebodyFX) September 1, 2022

If you want to understand more about Quantitative Tightening and its impact on markets we have written about that already.

All this aggressive tightening is NOT going to help crypto bulls, at all:

Cryptocurrencies are simply high beta assets, and like any other asset they fluctuate based on monetary policy and the macroeconomic context…

The bottom at 3k back in 2020 was not random…

The top at 60k was not random, and the whole move lower back to 20k neither…

Shifts in FED’s monetary policy, and specifically balance sheet adjustments, are always behind tops and bottoms across the crypto market:

All this to simply say that those same macro reasons that brought BTC from 60k to 20k are still there rocking…

The QT operations to reduce the size of the balance sheet are ongoing at a rapid pace. Inflation has NOT shown easing signs yet. The FED will deliver another 75bps hike in November, and the world is grinding into a recession.

That’s all bearish…

Does this mean that we can see BTC below 10k again?

Yes, for how the macroeconomic context looks right now, it’s a highly likely possibility.

As long the FED keeps going with their aggressive monetary policy tightening, BTC won’t bottom, and there’s no dip to buy, YET.

In simple, any downside target is possible as long as the FED keeps tightening monetary policy aggressively.

For BTC and the whole crypto market to bottom, inflation needs to show meaningful signs of slowing down, which would result in the FED slowing down to smaller 25bps hike.

I repeat…

There IS a scenario where BTC bottoms this quarter, but it involves inflation cooling down meaningfully and the FED slowing their tightening to smaller 25bps hikes.

IF that happens, BTC can bottom…

But at the moment, it’s NOT a likely scenario as inflation is still too high and the FED is expected to deliver another large 75bps hike in November, and 50bps in December.

Remember…

The price you see on your favorite crypto chart it’s NOT a good indication of whether it’s time to buy. Don’t be the one that thinks BTC is “cheap” because it’s back at 20k…

It’s NOT the price that says when BTC bottoms, it’s the macroeconomic context. And that says it’s still NO time to buy dips. There will be pullbacks higher, yes, but the trend will remain bearish.

That’s everything, we will update on our views with a new crypto global macro in the first week of 2023. You may want to leave us your email down below to get alerted when we publish it.

September 21, 2022January 3, 2024

Best Forex Fundamental Analysis Telegram Channels 2024

BESOMEBODYFX

BEST FOREX FUNDAMENTAL ANALYSIS TELEGRAM CHANNELS

Trades

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:

https://t.me/BeSomebodyFX

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.

August 24, 2022January 3, 2024

Top 3 Best Forex Telegram Channels 2024

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TOP 3 BEST FOREX TELEGRAM CHANNELS

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BESOMEBODYFX

BEST FOREX CHANNELS FOR FOREX SIGNALS

I know, you are looking for the best Telegram channels for Forex signals, the top ones, The best of the best, right?

Great, you will find many different recommendations around the web for what are the best Forex Telegram channels for 2024 and beyond.

We have also already written extensively about the best professional Forex signals subject.

But unsurprisingly, there is a large distinction to be made between the various Forex signal providers on Telegram.

Yes, because there are professional Forex signals and unprofessional ones.

Sounds logical, right?

It sure is logical. So, let’s make it very simple, we are not going to list too many channels, just three.

The top 3 Forex Telegram channels for 2024 and beyond:

BeSomebodyFX
UncleBullFX
Wealth FX Hunter

As I said, there are a lot of average signal providers out there…

BUT what about the BEST ones?

That’s a whole different story, and those are very few. Now, let’s say you want some Forex signals…

The first thing you Google “Best Forex signals on Telegram” or “Free Forex signals”.

Now, imagine you have no experience on the subject, it gets pretty confusing, doesn’t it?

I know, most of the lists out there have just random channels that are copied from one another. They don’t have really valuable recommendations.

All those websites that claim to send profitable Forex signals, and don’t even have a track record. Yes, a simple track record like a myfxbook.

Hence, here instead of listing too many random signal providers like other articles, we just list the top 3. Sounds cool?

Here is the best Forex Telegram channel:

https://t.me/BeSomebodyFX

If you are looking for real professional Forex trading, BeSomebodyFX is exactly that.

The BeSomebodyFX public Telegram channel gives you valuable trades to follow and extremely useful trading insights.

You won’t find spammy messages, no noisy and loud promotions, no flexes about winning trades.

Nothing which resembles the “average” Forex trading Telegram channel. Just pure professional and consistent signals and insights.

The professionalism and accuracy of BeSomebodyFX make it number one on this list of the best Forex Telegram channels.

Fewer trades but more accuracy, quality over quantity so to speak.

A great Forex signal provider has to be like that:

You can’t follow dozens of random trades a day sent at any time of the day randomly.

Instead, you need consistency, you need highly accurate and professional trades that can be followed with ease and with confidence. Makes sense?

No matter who you follow, you have to be sure that you are following highly high quality Forex signals and traders.

Really think about that for a second. If you follow a random unprofessional trader you get random unprofessional trades.

But if you follow an experienced and highly professional trader you get accurate and profitable trades to follow.

That makes all the difference, right?

If you follow random trading signals, you get inconsistent results. But if you follow professional signals by following the best Forex Telegram signal services, you get professional, consistent, and accurate trading results.

It’s not rocket science. The hard part is finding the best signal providers on Telegram for profitable signals.

It’s about the quality of the Forex signals and the traders you follow:

In other words, the quality of the Telegram channels that you follow decides your trading results.

BeSomebodyFX is high quality and it’s the type of trading that is highly professional.

Ever heard about central banks? Monetary policy, interest rates, macro fundamentals?

If you have, great you will find the BeSomebodyFX Telegram channel perfect for your trading.

While If you haven’t then it’s time to start studying what BeSomebodyFX does and take notes because that is professional trading. That’s what professional traders focus on and you can learn about fundamentals by following the right channels.

That trading style is what is usually called fundamental analysis or macro fundamental analysis.

And BeSomebodyFX is the most professional and most accurate when it comes to Forex fundamental analysis on Telegram.

Often traders ask about the difference between technical analysis and fundamental analysis. Or even what’s better between technicals and fundamentals:

And the truth is that you need a bit of both in your trading, simple.

Market trends are created by macro fundamentals, and technicals are useful to find lower timeframe entries in the direction of the macro trend.

In other words, fundamentals should be used to assess the direction of a currency pair, and technicals to find the trade entry in that direction.

Here are the two other best Telegram Forex channels for signals:

Now, the other two on this list are UncleBullFX and WealthFXHunter.

UncleBullFX is active in both cryptocurrencies and Forex. Recently he has been doing more cryptocurrencies than FX but he does tend to do both overall.

This Telegram channel helps you generate profitable trade ideas. He doesn’t always send straight signals, but he does send very actionable trades to follow.

However, between crypto and FX, you get very valuable trade ideas with UncleBullFX. And thus it’s well worth a follow.

UncleBullFX Telegram channel is beneficial to both beginners and experienced Forex traders because the trades shared are not too complex, which is great for beginners.

But on top of that, his trades are also insightful and detailed enough to satisfy professional traders.

SOUNDS GOOD RIGHT? YES, AND THAT’S WHY IT FITS WELL IN the list of the best forex channels on telegram.

He is highly technical analysis driven. He shares plenty of insightful charts with technical details that are actionable and can be useful for your trading.

Remember, technical analysis in and of itself may not be enough, but it is an essential tool in a complete trading framework.

The third TELEGRAM channel worth mentioning:

While If you are looking for a trader that is more technical and algorithmic driven, Wealth FX Hunter is a great option.

It’s a Telegram channel that brings some variety to the list because his Forex trading is more short term and more technical analysis based.

And he also has some algos running automatically to trade for him which is an added bonus.

The man behind this Telegram channel is an experienced trader, and he knows what he is doing. It’s worth following to keep an eye on his content.

And that covers the BEST Forex Telegram channels:

You may think that 3 are too few.

And you may be correct, but we value quality over quantity in this list.

Don’t follow too many signal providers because that way you will just get overloaded with ideas and opinions.

Follow the highly professional ones, that’s all you need. I’m sure you will be able to understand the value of the three Telegram channels shared here.

They won’t look like the average Forex signal provider, and that is the whole point of it.

The average Forex Telegram channel out there will just send you random trade signals with no analysis and no chart to explain it. Like this:

It doesn’t take a genius to understand that it’s not the type of content that you should follow for profitable Forex signals.

And it’s going to sound obvious, but it’s essential to filter through the noise of the unprofessional traders and focus only on the professional ones to trade consistently.

That will make, over time, a great deal of difference in your trading.

The trading minds that you surround yourself with, will influence you to either trade better or worse, depending on who you follow.

Think about that, it’s important that the traders you follow are experienced, professional, and transparent so that you can take the right trades and also learn.

It makes all the difference in your trading.

And to get specific into the subject so that you can understand what we are talking about here’s an example of what IS professional for Forex signals:

See how the trade in the above example is well explained and detailed? That is professionalism.

That is the kind of value that you should want from the FX traders you follow.

Don’t be satisfied with just “buy here, sell there” you need to know more…

Why should the trade work? What are the possible scenarios? What are the technical details and zones on the chart to look for?

All those details are essential for you to follow signals and trade recommendations with confidence.

Now to add more detail on the whole topic, here are a few common questions about Forex signals that are worth answering:

Are Telegram Forex signals reliable?

The above is probably the most popular question on the subject. And you know why?

Because often traders follow the wrong signal providers and end up getting chopped out by random trades. So here’s the point…

Telegram Forex signals are reliable as long as you follow professional traders. The highly experienced and transparent traders. Not the random kids out there sending random trade signals.

If you want good trading performance you have to follow highly qualified and professional traders. In other words, you have to follow the best Forex Telegram groups if you want the best signals.

Yes, it’s obvious. But are you doing that?

How to use Forex signals and how do Forex signals work?

Well, a good trading signal should have all the details you need to trade it.

It should have the details about the currency pair in question. The support and resistance zones from where to take the trade. The zone where the trade would be invalidated, and the zone where to take profit.

Something like this:

Obviously, some basic knowledge about Forex trading is necessary.

Before you look for Forex signals you should know already what a “buy signal” is, what a “sell signal” is, what long or short means, and the difference between limit and market orders.

These technical definitions are necessary so you can understand the trade reccomendations properly.

For instance, you need to know how to read a Forex chart before you can understand how to follow a trading signal.

I’m talking about basic price action and classic support and resistance concepts. With some basic knowledge, it will be easier for you to read charts shared by signal providers on Telegram.

And also, you need to know how your trading platform works. So you need to know already how to place trades on your preferred platform.

There is plenty of content on Youtube for instance to learn the basics, don’t be lazy, and do the work.

Are Forex trading signals always accurate?

No, that is a straightforward NO. Whoever you follow, Forex trades and trade reccomendations will NOT always be accurate.

When you follow professional trades you will see winning but also some losing trades. But here is the key:

The winning trades are larger than the losing trades. That is called “good risk reward” in trading, and it means consistency even when some trades will not work as expected.

Remember, not all Forex signals can be winners, you have to manage your risk correctly and follow good risk rewards.

And since you follow professional traders you will be able to always come up on top.

Oh, and by the way. Beware of signal providers that hide their losing trades, or just don’t update them while they keep flexing about the wins.

Transparency is extremely important when you follow a signal provider, it shows professionalism and competence, which is a must.

Let’s conclude with a few important points to remember when evaluating a Forex Telegram signal provider:

Evaluate the quality of the signals. You have to make sure that the trades are well explained with charts and various details.
Try to evaluate whether the signal provider is transparent and doesn’t hide losing trades. When a losing trade is ignored and not updated that’s a first warning sign that should label the trader as unprofessional.
Quality over quantity, fewer trades but more accurate and more consistent.

Also, do you prefer dozens of Forex signals a day that you end up missing or getting too late because of your timezone? Or do you prefer a solid swing trade that you can easily follow and that doesn’t require much chart time?

Think about it and decide what you prefer.

Good solid swing trades that are more accurate and require less effort to manage and monitor are golden.

We can get into a long discussion about the differences between intraday trading, scalping, and swing trading.

But you didn’t click on this article to get schooled on that, you are on this page to know the best Telegram channel to follow for Forex signals.

So we will keep the discussion about the different trading styles for another article.

Just remember, follow the trading style that suits you.

If you like intraday trading, the short term kind of trading, then follow traders that trade intraday.

And if instead, you prefer longer term trading, what’s usually called swing trading, then follow swing traders and get useful fundamental analysis insights.

And obviously, you can also do both and follow both styles at the same time.

Actually, that would be the best advice.

Highly professional traders are adaptable. There are certain trading environments, like high volatility ones, where there are plenty of shorter term trades to take.

But there are also lower volatility trading environments where longer term position trades work better.

FX volatility and market volatility are important subjects to understand by the way. Professional traders understand volatility and they adapt accordingly, just a side note to inspire you in the right direction.

And that’s everything…

We have just introduced you to the top 3 Forex Telegram channels that you can follow straight away.

There is a lot to learn from these channels, take notes, and study what they do.

All three Telegram channels have slightly different approaches to one another.

BeSomebodyFX is more macro fundamental driven. UncleBullFX is more technical analysis driven. And Wealth FX Hunter is shorter term technical analysis with automated algorithmic trading with copy trading and Expert Advisors as well.

Three different trading approaches, but all three are very professional and highly valuable. This is all you need in your Forex trading.

You can find them all on Telegram and across various social media, but make sure to follow them on Telegram as that’s where you get the trading signals and trading suggestions.

Using profitable Forex signal providers will improve your Forex trading. But remember to keep it professional yourself too.

Currency trading is getting very popular, and with that Forex trading signals are becoming an important tool for traders that need assistance in their trading.

You just have to make sure that you follow the right signal providers, that is important.

Now you have three wonderful Forex Telegram channels listed above but you still have to be disciplined and patient with the trades.

Following the professional Forex signals is the first and most important step, but you still have to put in the work. A good Forex signal provider will give you profitable trades but you still have to follow the trades with patience and discipline.

August 16, 2022January 3, 2024

Best professional Forex signals and professional traders 2024

BESOMEBODYFX

BEST PROFESSIONAL FOREX SIGNALS

Trades

BESOMEBODYFX

BEST PROFESSIONAL FOREX SIGNALS AND TRADERS

You are looking for the BEST PROFESSIONAL FOREX SIGNALS AND PROFESSIONAL FOREX TRADERS on TELEGRAM, I know.

Look, I know what you are thinking, you are tired of all the random Forex signal providers on Telegram. You want professional signals, not the random kid sending random trades.

I know, it’s confusing out there. Too many Forex Telegram channels that provide random unprofessional trades with no analysis attached.

I got you, you clicked on this article and you will be rewarded with a good recommendation for a professional Forex Telegram channel to follow. In other words, the best Forex signal providers.

Whether you are looking for free Forex signals or paid Forex signals it all comes down to one thing:

The professionalism of the signal provider, right?

And yes, professionalism and profitability are often very correlated in trading. The more a signal provider is professional the more likely he is to be profitable.

Now, let me tell you a story…

Wait, a story? I just need a signal provider for Forex trading.

I know, I was just messing with you a little.

Let me go straight to the point by first giving you what you clicked this article for.

Here is the link for the professional Forex signal provider that we recommend following:

https://t.me/BeSomebodyFX

Now, here are a few details on why BeSomebodyFX is indeed the best professional Forex Telegram channel for signals and more.

Have you ever followed a Forex signal provider on Telegram that looks something like this?

I’m pretty sure you have…

Tons and tons of Telegram signal services for Forex trading out there look exactly like the example above.

Well, that is NOT professional. What do I mean?

Think about this, you want to follow a trader that gives you profitable signals, right?

Of course, you do.

So, do you think it makes a difference if you follow a professional Forex trader with real experience or if you follow a random kid that has no experience?

Yes, it makes A LOT of difference.

Who you follow for trade recommendations matters in your trading and your performance.

But I don’t want to bore you with that, it doesn’t take a genius to understand that if you follow unprofessional traders you get unprofessional results. You should know that already…

And that’s probably also why you searched for “professional Forex signals” on Google.

You understand that professionalism is important and that professional signals in Forex are the successful and reliable ones.

So, let me show you what truly IS a professional trading signal so this will also help you have a framework from which to evaluate other signal providers to understand if they are professional or not.

Let’s take a trade example from the BeSomebodyFX Telegram channel:

Immediately you can see the difference between BeSomebodyFX and any other Forex signal provider.

Look at the details behind the trade recommendation. It’s not just a random “buy here and sell there”.

You do get the details on how to execute the trade, so you do get an executable trade plan. But you also get an insightful explanation of why the trade should work.

You know where to go long or where to go short, where to take profit and where to place your stop loss. But you also get more details than that.

But what do I need more details for? Once I know the trade entry price, the stop loss, and the take profit I have all I need.

No, and if that’s your thinking then you are thinking small, and I know you are smarter than that. When you take a trade or when you follow a trade signal you MUST know why you should follow such trade.

In other words, you should know the logic and the reasoning behind the trade so that you know it’s not just random.

But no need to reiterate that, we have discussed extensively the difference between a professional Forex signal provider and the opposite in another article.

The importance of professional forex signals:

See, when you get around the right minds you tend to learn just by looking and following what they are doing. Right?

That’s true in all sorts of things, and it’s true in trading too…

That’s why it’s extremely valuable to follow professional traders that carefully explain every detail of the trades so that you can understand the logic behind them.

Wait, I know what you are thinking…

You just want to have profitable and accurate trade signals, and that’s the point I’m trying to make. What do I mean?

What I’m telling you is that there is a correlation between how a signal is shared and its profitability, really?

Bear with me…

You know, this article is titled “best professional Forex signals and professional Forex traders” for a reason.

And if you landed on this article you are looking for professional Forex signals, so you kinda understand this concept already.

The point is that if a signal provider on Telegram shares only the trade details with no chart and no analysis attached, that’s your first red flag that the signal provider is NOT professional:

But if instead, you see a Telegram channel that sends trades with insightful details, detailed trading charts, and comprehensive analysis of the trade in question.

here’s an example of a professioanl forex signal from BESOMEBODYFX:

Then you have a valuable and profitable Telegram channel to follow for Forex trades right there.

That advice alone may allow you to filter out most of the nonsense signal providers out there that will just waste your time with random trades.

But what about free Forex trading signals and paid Forex trading signals? What’s the difference?

Alright, let’s put it this way:

Between paid Forex signals and free Forex signals, there shouldn’t be any difference whatsoever.

So paid signals should NOT be more professional than free signals. With paid signal services you may get more care and more trades, but the professionalism of the trades itself shouldn’t vary, that’s all.

And it’s not just that, you can “sense” the professionalism of a signal provider by the way he trades as well.

I mean, should we even discuss Forex indicators?

If you have been trading for some time you will have realized by now that technical indicators in trading are often useless.

Don’t get me wrong, they are NOT always useless nor completely useless. Technical indicators have a place and classic indicators like moving averages or RSI are useful, but they are not where trade ideas should come from.

Often you see traders take trades just because the RSI is overbought or oversold, well that’s not how it should be done.

That’s NOT a valid and professional trading strategy, but you should know that already.

Let me show you what I mean. See this trade example from BeSomebodyFX:

Do you see any technical indicators on the chart? Any mention of indicators?

No, professional traders give priority to price action AND macro fundamentals, keep that in mind.

Great, we have discussed a good deal of information, but that was just a taste. Now let’s get into even more details about Forex signal providers:

You came to this article for a recommendation of a good Telegram channel to follow for Forex signals, right?

Well, you got that and you also got a wonderful lesson on how to evaluate Telegram channels out there.

Wonderful, but that’s not enough. I want you to truly understand an important point so let me get even more specific…

What I’m trying to convey with this article about professional Forex signals is this:

The traders that you follow for trading recommendations matter, a lot.

Keep that well in mind when you decide whether to follow or not follow a Forex trader on Telegram or wherever.

The math is simple…

If you only follow gamblers that have no idea what they are doing and that just trade randomly, you will be disappointed.

If you follow professional traders that know what they are doing and prove that with insightful trade ideas, you will benefit from them.

I know it sounds obvious, but try to remove the noise from the random kids out there and try to focus only on the professional signal providers.

Even if that means taking fewer trades, try to focus on quality over quantity and then judge what’s better.

Quality over quantity means more trading accuracy, and more accurate trades mean more profitable trades as well. But always keep in mind the risk reward, always take trades that have a good risk reward to begin with, you should know that already.

The point is that Forex trading and the Forex market are getting very popular:

Also because of the rise in popularity of cryptocurrencies and the crypto market which is attracting tons of new retail traders.

And with that, the search for crypto signals and Forex signals providers by retail traders is increasing because they want help in their trading.

Some don’t have time to trade, some don’t know how to trade, and some simply understand the value of having other smart traders around them assist them in their trading.

And listen, following a Forex signal provider is NOT being “lazy”.

While instead looking for the “hot” Expert Advisor or trading bot, you know, those trading algorithms that promise huge results. That is kinda lazy.

But having a professional signal provider to help you in your trading and to help you make sense of the Forex market it’s NOT. Are you wondering why?

Simply because it’s smart to know the “consensus” of other professional traders that you repute as highly valuable.

That’s smart and you HAVE to be smart in your trading. Because if you try to put all the workload on your shoulders you will just burn out at one point.

Having smart traders around you that help you in your trading by providing you with valuable trade ideas and insights is a game changer.

Think about hedge funds or institutional trading desks. They have an expert in monetary policy, an expert in technical analysis, an expert in politics, and so on.

They don’t have just one guy that does everything. You don’t need to do everything yourself, so to speak.

Know your strengths, know your weaknesses and find professional Forex traders that help you improve in the areas that you don’t understand:

Having professional traders around you giving you advice and helping you make informed and profitable trading decisions is smart.

Your trading will improve when you get humble about what you don’t know and you let others better than you help you compensate for your weaknesses.

You may have competence in technical analysis, but you lack knowledge in fundamental analysis.

Does it sound so crazy to follow a professional trader that is an expert in macro fundamental analysis?

So that he can give you all the intel you need about the Forex market without you stressing out in trying to make sense of it all?

That’s how it works, you can follow the best Forex fundamental analysis Telegram channel to make sure that you are well informed on the fundamentals at any point in time, all while helping you generate good trade ideas to trade.

That’s the upside of following professional Forex signal providers:

You get a big hand in your trading. And if you are a beginner or even an experienced trader, when you follow Forex professional traders, you get to learn from them. In other words, you also get the benefits of professional trading education.

What was the phrase…

Work smart, not hard.

Well, let me rephrase it to fit the context…

Trade smart, not hard.

Can you trade smart?

Of course, you can.

But it obviously comes down to following the professional Forex traders. That makes all the difference and I guess that’s the core message of this article.

I could go on and on with more writing and talking on the subject, but the point has been conveyed. Be the smart trader out there by following professional Forex signals and traders.

July 1, 2022July 1, 2022

Crypto Global Macro Q3 2022

BESOMEBODYFX

CRYPTO GLOBAL MACRO

Trades

BESOMEBODYFX

CRYPTO GLOBAL MACRO Q3 2022

Inflation is ramping, the FED will deliver another 75bps hike at the next FOMC, and QT is ongoing, again, don’t listen to the “up only” crypto guru, listen to the macro environment

BTC was at 60k earlier this year and it’s now more than halved down at 20k is that enough of a reason to long?

Obviously NOT, that’s how the average “up only” crypto guru thinks. You are smarter than that, right?

RIGHT…

Thank you for all the great feedback that we received on the previous Crypto global macro. If that has helped you make some intelligent decisions with your crypto portfolio and kept you away from reckless uneducated dip buying, that was a great success.

Now it’s time for another crypto update…

BTC was at 44k when we published the previous note, and it’s now at 20k, so the question to ask is…

HAS ANYTHING CHANGED TO SAY IT’S OK TO TURN BULLISH?

Short answer… No.

Longer answer… Absolutely not.

If we look at the FED’s current monetary policy, but more importantly, forward looking monetary policy expectations.

We still see an extremely hawkish FED committed to raising rates and tightening markets’ liquidity with ongoing Quantitative Tightening.

Below you can find the most recent comments from FED officials, and the consensus is clear, bring inflation down…

That keeps crypto in a bearish regime…

And as we mentioned already in the previous update, and also as you should have realized by now, the FED’s monetary policy actions DO matter for cryptocurrencies too.

Below you can see a BTC chart with annotated the various monetary policy regimes…

BTC and your favorite crypto in terms of price fluctuations are just extremely high beta assets, tied to global liquidity conditions and thus monetary policy.

If you want to know more about the FED’s balance sheet and monetary policy influence on global markets, check this.

THE POINT IS…

We understand the FED and how its monetary policies affect global markets, crypto included.

And we know that, for the time being, the FED is still early in its tightening path, and they have no intentions to pivot until inflation pivots lower.

Here’s the current expected monetary policy path based on the recent forward guidance…

Another 75bps hike at the next FOMC, then 50bps, and only then, maybe back to 25bps…

This is aggressive tightening, and can easily can more aggressive if inflation keeps surprising expectations.

For that exact reason, in the previous update, we talked about the expectation for lower prices across the crypto market.

The context of an aggressive tightening from the FED, the elevated sticky inflation, and the shaky global conditions, was all one needed to know that global markets were losing support, crypto included.

Now, has anything changed?

Yes, but not in a bullish sense.

Inflation is proving to be even stickier than expected at the moment, as a result, the FED is proving to be even more aggressive than expected with 75bps hikes now regular activity. And the “global recession” words beginning to get popular.

That means there are two important macro points that you need to keep in mind for the quarter:

Bitcoin is a risk asset with many unique properties. But it’s still a risk asset, NOT a safe haven… so a global recession will be first bearish crypto and then bullish ONLY… and I highlight, ONLY when the FED steps in to support markets.

The FED for the time being has NO intention to support markets even in a recession scenario. Inflation is their top priority and they need lower asset prices to lower it. You can’t support asset prices and fight sticky inflation at the same time.

Is that a straightforward enough picture?

Inflation at the moment dictates the FED’s decisions.

And if inflation does NOT move lower substantially, the FED will relentlessly keep pushing with continuous large (50bps and 75bps) rate hikes and QT operations.

The point is…

We follow the FED, we understand the macro regime, and the FED is still nowhere near pivoting for the time being.

The FED has just recently started tightening, there are two more 50bps hikes approaching, 75bps if needed, and in all this, QT begins to ramp up in June...

The “dovish pivot” is not on the horizon yet, don’t be stubborn#Bitcoin #BTCUSD #BTC
— BeSomebodyFX (@BeSomebodyFX) May 12, 2022

We are still in the early phases of the FED tightening path.

And while there could be some bounces here and there, the overall context won’t change until inflation fades meaningfully.

So if you are looking to buy dips, remember that in this environment the “path of least resistance” remains lower.

And it’s NOT about WHERE to buy the dip, it’s about WHEN to buy the dip.

In other words…

It’s NOT about at what support level to buy the dip, it’s about at what time the macro conditions will become favorable to buy the dip.

Price is NOT an indication of where your favorite cryptocurrency should bottom. Sure, you can look at technical structures and find support zones…

But think about how many supports you thought were going to hold have been breached one after the other?

There is NO support that will hold while the FED continues to tighten monetary policy aggressively.

I’m telling you…

If you want to nail the crypto bottom, don’t think about the chart and its technical details. But rather think about macro fundamentals (mainly FED’s monetary policy) and their implications for global markets.

Because when you see crypto bouncing and you feel the FOMO to go long, the KEY question to ask is…

Has anything changed fundamentally to start a bull run, a sustained, prolonged, and meaningful bull run?

Add that “macro fundamentals” thinking to your decision making, and you will be better and smarter than the average crypto guru out there.

That’s everything, it’s NOT time to buy dips yet, we will update on our views with a new crypto global macro in the first week of Q4. You may want to leave us your email down below to get alerted when we publish it.

Cheers,

Jay from the BeSomebodyFX Team