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  The value of currencies has a crucial role to serve in the forex industry. It is worth noting that fluctuations in their value is also important and can influence the investments made in the forex industry, says the forex expert, Brendon Yong . Such fluctuations can occur due to several economic indicators. So, today, we will be discussing these economic factors with you.   1. Employment Data   When an economy begins to prosper, it may be due to an increase in employment. This will positively affect the currency of that country. However, a decrease in employment could affect the economy of the said country. Thereby, negatively affecting the country's currency. This is one of the most common causes of fluctuation in currencies in the forex market.   2. Rate of Interest   According to Brendon Yong , the rate of interest is an important economic indicator. In an instance wherein the interest rates are higher, a greater number of foreign investments will be observed. As a re

  Many forex traders join the market to earn good profits. Some of them, in the hope of earning more, do not realize the value of their experience. The ever-so-aspiring forex expert, Dato Dr.   Brendon Yong Weng Siang believes that experience holds a greater value. According to him, the value of experience is greater than that of profits. There are 4 major reasons for this belief. Reading ahead, you can take a look at these reasons. 1. Experience Makes You More Confident Have you started trading forex recently? It is possible that you may not be feeling much confident about how you trade forex. It is possible that you may be trading forex only for good profits. While you should think about forex, your focus should be on your experience. Gradually, your confidence levels will go up. 2. Experience Helps in Identifying Forex Mistakes Following the advice of Brendon Yong Weng Siang , many traders have shared that their experience has cautioned them of their forex mistakes. Ini