Technical indicators play a sufficiently important role in a modern trader's work. Their purpose is to simplify the analysis of an enormous amount of information presented on price charts. That's why it's hardly possible to find a trader who hasn't heard about such a concept as technical indicators.

The economic factors surrounding Forex are numerous and complex, so it is extremely difficult to form a complete understanding of them. But, armed with useful knowledge, you will be able to navigate in the background of currency quotes fluctuations.

Macroeconomic indicators are statistics that indicate the current status of the economy of a state depending on a particular area of the economy (industry, labor market, trade, etc.). They are published regularly at a certain time by governmental agencies and the private sector. These important economic indicators create volatility, and plenty of speculation is always surrounding them.