Fundamental analysis is not new to people who trade, there are traders who somehow still happen to do well with price action or other indicators and strategy without use of fundamental analysis. To which trader do you think fundamental analysis holds more significance to, is it the crypto trader or the Forex Trader? Who should take it more seriously?
Let it not be that either you or me is misunderstanding something here as this course of discussion could be fundamental to us too. So to keep sure in understanding what fundamental analysis is, I have asked Google to explain to us better.
Here as stated: Fundamental analysis is a method used to evaluate the intrinsic value of an asset (like a stock or cryptocurrency) by examining its underlying financial and economic factors. It involves analyzing a company's financial statements, economic conditions, and industry trends to determine if its current market price accurately reflects its true worth. This approach contrasts with technical analysis, which focuses on historical price patterns and trading volume to predict future price movements.
As a matter of fact that we are talking about where we have invested our valuable resources with the goal of making profits, both forex and the crypto traders are required to have it source of income fundamental knowledge even before you begin to trade.