 Hi, my name is Leon Roeb, currency trader and trading coach at Trading180.com and in this video I'm going to I guess answer quite a few questions that I get via email regarding my fundamental analysis spreadsheets and you know, it's usefulness and why you would need a fundamental analysis spreadsheet, etc. etc. So and also as well one of the questions that I get is is can I You know just basically sell the fundamental analysis spreadsheet and the answer to that is No, and then there's a reason for it. I mean I could sell it, you know if you if you really wanted it, but I choose not to for Really a reason that I'll probably get into at the end of the video. So Fundamental analysis first of all is just really the understanding of an asset's Value, right? So Currencies have an exchange rate value Commodities have an X haven't have a value and that's really based off of things like, you know supply and demand You know stocks have a value, right? And there are There are things that determine, you know an asset, you know an asset's value, right? And again currencies are no different now in currency land there are I guess the you know macroeconomic data will determine, I guess the the Value of a currency and whether it should appreciate or depreciate, you know in the future and one of the things that I've discovered is How to determine I guess a currency's value over the years is by looking at, you know, three main things There are more Things to look at macroeconomic data to look at there's you know loads of macroeconomic data matter of fact But it really all boils down to three main things which are inflation and GDP as well as interest rates. Yeah, so those are the three main Macroeconomic data points that I use and in fact I do have a video that I created Back in 2019 called Forex Fundamental Analysis course you're a dollar strategy in under 60 minutes, which really kind of breaks down While I was trading the euro dollar for about maybe about a year and a half Nearly two years going short and I've got a recent one Which were recorded on the 19th of August 2022 this year a few weeks ago Basically going over pretty much the same thing, right and this is all down to understanding with the assistance of Understanding fundamentals and with the assistance of the fundamental analysis spreadsheet and how you know using the fundamental analysis spreadsheet you can forecast massive trends right and Really ride trends and predict trends before they happen. Anyways, the fundamental analysis spreadsheet is Really, I guess it boils down to a visual representation Visual let me get you know in our words out a visual representation of currency value and so currencies Forex are Traded in pairs. Yeah, meaning that you're trading one currency against another so You need to understand Why one currency would appreciate or depreciate against another currency and again it boils down to understanding fundamental principles interest rates inflation and GDP But also as well not only and I guess I'll zoom in a bit right and this is the fundamental analysis spreadsheet Or one of the tabs in the fundamental analysis spreadsheet that we use to determine You know which currencies to really look to trade right now what you've got is I Guess these Categories on the top, right? You've got the pair you've got strength divergence interest Divergence you've got B and Q which stands for base and quote currency Interest rates and then you've got bias which is basically my bias L stands for long N stands for neutral which means I'm not looking to trade those currencies and S stands for short and that gets updated as And when now The numbers right so the base and the quote currency you'll see for example, Australian dollar is Ranked number one or has a number one next to it and the quote currency, which is the yen has number eight on it, right now Those that that data and those rankings are basically based off of the currency pairs that we trade right so we're trading eight currencies, which is the dollar the Euro the pound the yen the Australian dollar the New Zealand dollar the Swiss Frank and the Canadian dollar, right? And that would make up eight currencies since so As currency is trading in pairs. It's you know, it's it's essential that you know Which currency is probably going to be the strongest out of those eight and which is going to be the weakest, right? Hence we've got some, you know, a tab called the strength divergence now number one, right? Would typically represent strength and eight would typically represent Weakness but that is not always the case But if we're just looking at the data, right that we look at which is derived from our economic data tab and I'm not going to get into that And because it would really be unfair for the for the traders that have signed up to the mentoring course How we determine, you know strength Weakness of the currency and what data we specifically look at But just understand that this tab here in the pairs tab You know shows, you know, the the potential for strength versus versus weakness, right? And so Understanding that yeah, if you have a currency that is ranked number one in the currency that is ranked number eight Then what you should see on a price chart. Yeah is traders buying the base currency Yeah, and really selling the quote currency which should, you know, derive on a price chart, you know a trend And I'm not saying it's going to be a perfect trend. Who knows, right? But over a specific amount of a certain amount of time you should as long as the fundamentals, you know, stay the same And continue to stay the same you should see, you know, a trend and again if you want to go to you know the The videos that I have put on YouTube, for example, you know, again the forex fundamental analysis Do a Google search for that or a YouTube search for that video as well as you know This title is what if you go into my YouTube page? You'll see Exactly that working, you know in action consistently, right? So the fundamental analysis spreadsheet pretty much is telling you that the The Australian dollar should continue to appreciate and the Japanese yen is going to be the worst out of the eight and Will is likely to you know, devalue right now again, that is not always the case It's not 100% the case because if it was what trade how traders kind of get or misunderstand is that they try to use the logic of of technical analysis and try to overlay that on fundamental analysis meaning that fundamental analysis is Actually a bit dynamic or more dynamic than just saying using the if then logic. Yeah, so a lot of Technical analysis traders will say if this then that and then that's it, you know They don't want to you know, think dynamically or think deeply about Actually, what is happening and the other factors that contribute to To Value actually changing and so one of the You know in conjunction with the fundamental analysis spreadsheet that we use we also understand The currency value cycle. Yeah, the currency value cycle is very very very important So there's many traders out there that are going to be watching this and trying to create their own Fundamental analysis spreadsheet, you know best of luck to you guys And I hope that it does work out for you and I do mean that sincerely if you can create a fundamental analysis spreadsheet that works for you That's basically, you know, that's best brilliant, right? But what traders typically are missing is the fact that they don't understand that the currency value cycle and the currency value cycle Is understanding this is that current sees and everything moves in cycles, whether it's not just current sees again stocks bonds crypto Everything right everything has a cycle. Yeah life has a cycle, right? So and everything in life has a cycle so If you don't understand the currency value cycle, there are going to be times where you're going to get You know, you're likely to get caught off guard if you're only looking specifically at the data because what the data is telling you is what is you know is is is Going on today or what present value is but understanding fundamental analysis is also understanding Future value if you can understand where you are. Yes fine. Excellent. We understand that, you know The Australian dollar is a potential buyer But if you don't understand that there are certain changes on the horizon that may cause the Australian dollar to be a sell Yeah, or you know a currency that is ranked, you know one two or three a potential sell Then they're going to be periods when you're using the fundamental analysis spreadsheet Where you're going to be caught off-side and you're going to be scratching your head as wondering? Well, the fundamental analysis spreadsheet said that this was a buyer because it's number one, right? And so I should always continue to buy number one that you know that that logic doesn't make any sense It would mean if you continue to always buy number one then There would be no, you know cycle, right? Or you might be late to the cycle Because data and economic data unfortunately does lag and that doesn't it doesn't mean it's a bad thing Just because it lags in terms of when it's released doesn't mean it's a bad thing It just means that you know, for example trying to calculate GDP Takes a lot of work, you know economists have to go through sift through, you know So much data to then determine whether the economy grew or didn't grow, right? So there's a lot of data that has to come out To determine Certain macroeconomic data points. It doesn't mean that it's it's lagging in so far as you know It's a bad thing as I said, it's just a case of that's just the way, you know that that data has to be You know churned I guess and and and presented, right? So Understanding future value is very important. Yeah, and keeping your finger when the pulse is very important And if you don't understand that, yeah, and are you not aware of that? There are times when a currency that is actually ranks number one Yeah on the spreadsheet, right or my spreadsheet or even your own spreadsheet, right? Depending on what data you're looking at or two or three, which we would you know, typically say is a buy and usually is a buy Yeah, there are times where in fact It could be a sell, right? It could actually the See devaluation, right and In the same way that a currency that has been devaluing for a while. Yeah Could actually start to revalue so a currency that is ranked six seven or eight Yeah, could actually start to revalue Yeah, revalue one of the reasons right that a currency actually starts to Revalue and devalue is the fact that currency Appreciation right or an expensive currency can actually hurt Growth so you see this box down here right here We focus right here and we look at in fact a currency Currency appreciation currency has ranked one two three on on the spreadsheet. Yeah, if a currency keeps Appreciating and gets very expensive The one of the knock-on effects of that is that it an expensive currency Means that the currency You the country has expensive exports. Yeah, and that actually hurts GDP growth so think of it in terms of You know you going shopping on a high street. Yeah now or actually matter of fact you owning a business, right? You so you own a business. Yeah now You've got three businesses that are in direct competition with your business So there's four of you got three other businesses or two other businesses. It doesn't really matter, right? Well, you've got a direct competitor and All your direct competitors who are selling let's say for example, you own a car dealership Yeah, and you're selling cars because that's what basically Export size basically what a country exports what a country sells to other countries imports and exports what you buy What you take in and what you sell export Now imagine You know you're selling cars and the cars that you sell. Yeah, everyone's selling the same cars Yeah, you and your competitors are selling the same cause at your dealerships But your cars are more expensive than everybody else's. Yeah That is going to give your competitors, right? A direct advantage because customers, right? Are going to come in and they're going to look at your cars and they're going to say, hmm, okay You know that cars pretty expensive I can buy probably the same car or something similar down the road at you know competitor AB or C Yeah for a cheaper price, right? so That's basically why and you know an expensive currency Right and the currency that appreciates too much can actually hurt exports Which is then hurts GDP growth right in the same way that if you've got you're selling whatever it is It could be peanuts. It could be beds. It could be toothpaste. Who knows, right? You could be providing a service if your service is Is too expensive? You're not going to stay in business for long. It's going to hurt your bottom line Basically, it's the same thing with currencies and countries. Yeah and exports and GDP growth so If you don't understand that yeah going back to or you're not aware of it and going back to the fundamental analysis spreadsheet Then you're you obviously we're going to be caught on the wrong side of the market at some point in time Now the whole point in fundamental analysis again, as I said before is to understand not only current Value but also future value. This is the reason why you hear the term You know something is being priced in yeah The value of that of that asset or the price of that asset is something is being priced in it's because The market is looking at an asset or an exchange rate knows what's coming on the horizon Maybe certain changes or maybe just a continuation. Yeah and sees the current value as being either You know cheap or expensive and if it's cheap then they're going to continue to buy if it's expensive Or there's going to be a change on the horizon that will cause the value of that currency to potentially change. Yeah They're trying to get ahead of the curve. So with that being said looking at also as well convergence and Divergence one of the things that you need to understand as well is If you can place Your currency, you know where your currency is and where it's likely to go in the future Right in terms of is it likely to continue to appreciate or as a ranked number one two or three currency Or is it likely to actually remain? You know for now, maybe one two three But there are things on the horizon that could cause it to devalue before it gets to six seven and eight and we obviously anticipate that We can determine what currencies are best to trade, right? So one of the things that we typically look for is either convergence or divergence trades where a currency is likely to continue to appreciate Versus a currency that is likely to continue to devalue or depreciate or Convergence is when we have a currency that is that was actually expensive And now it could actually start to devalue versus a currency Yeah, that was actually devalued and now things have changed and value have changed certain fundamental factors have changed That actually may cause it to revalue right and start to increase and appreciate in in in value, right? so Again, there are times where you can trade one versus eight and buy one and sell eight But there might be a time where you can actually Buy eight. Yeah, and sell one. But if you don't understand, you know, the fundamentals and what's going on behind it. Yeah then just using the fundamental analysis spreadsheet and Data the numbers behind it at some point you're going to get lost and then you're gonna start to blame You know me or saying the fundamentals don't work when truly and you know It's really just a gap in your knowledge and you not understanding how in fact And putting all of I guess the pieces together pieces of the puzzle together So that is really important and just understanding the currency value cycle where you are and where you're likely to go in the future And so once we Establish that and one of the ways that we do establish that is by confirming, you know, our fundamental bias with Bank analysis and if you're part of the group the mentoring group you will have access to many different Analysis from banks like HSBC, Mizzouho city bank Wells Fargo, you know, the list goes on probably maybe about 12, 13, 14 banks, you know We look at as well as understanding, you know, certain articles from from Bloomberg Where you know and interviews where you know places like and articles and the publications I guess is the word I'm looking for like Bloomberg will interview money managers and hedge fund managers from various You know institutions and they will typically give their view on what they think is going to happen with certain currencies So it's all right to have a bias Yeah, but that bias still needs to be confirmed by the banks because ultimately it's the banks that are the ones that are moving the market and the market and against the currency markets are really just an auction between The institutions and market makers market makers are there to provide liquidity For the financial institutions to be able to buy and sell and avoid slippage and buy and sell for cheap, right? and And so when it goes when it comes coming back to fundamental analysis Yes, it's okay to you know, it's what I say it's okay But it's not just good enough to look at the numbers and say well, that's it You need to understand the currency value cycle. What's coming on the horizon was likely to come on the horizon You know, is a currency likely to still appreciate or is it likely to devalue? Or is it like to continue to devalue or is it likely to you know, revalue and then confirming that Fundamental bias with you know, several bank analysis and what I'll say with that is is that not all banks are going to have the same analysis but What you want to do and what we do a trading 180 is we look for the majority Right, so we go with the consensus Let's say we look at just to let's just say for numbers sake There's you know, ten banks that we look at right ten bank analysis and let's say for example eight of those Banks are saying, you know continue to buy the dollar Yeah, and two of two banks are saying well, we're not so sure in a dollar or you know, they're kind of contrarian You know contrarianism has its you know time and place But you want to go with the money you want to go with the big money go because because they're you know They're literally putting, you know, lots of money in their trade idea, right? They're not trying to put Mislead their clientele. They know that typically retail traders the average retail trader probably like 90% 95% of retail traders Don't use fundamentals. Don't read, you know, I mean they're just they go towards the path of these resistance, which is only Technical analysis and so, you know, the information. Yes It's I wouldn't even say hidden in plain sight because they're not hiding anything, but they can basically put the information behind In free our calls and even in you know behind our calls and publications that have paywalls like Bloomberg For example, but there's a reason for it and the reason why is because when the smart money talks You have to listen. Yeah, you have to listen and in my years of trading You know, I rarely have ever seen Any any serious money manager or any money manager and bank Talk about, you know, technicals as for the reasons why they're buying or selling a currency No way, maybe their entries into time their entries, etc. Right? And maybe they're confirming maybe certain things with technicals But the actual idea as to why they're opening positions would is never based off of technical analysis Absolutely not never never never and if it is then it's not worth it's not a bank or anything Or an institution that I'm gonna ever follow but um But yeah, there are things again beyond the Spreadsheet data. Yeah, that we need to be aware of, you know bank forecasts And bank forecasts are a bit of a I guess they aid us in Understanding where you know if the currency is going to appreciate or depreciate, right? It's a euro dollar you look at your look towards euro dollar forecasts And if the forecast is for example, I think we're somewhere around parity at the moment But if it's for example going down to maybe the 96 cent area what it's saying is what they're typically what they're Actually essentially saying is is that they think that the dollar is going to appreciate and the euro is going to continue to Devalue, right? If the euro dollar starts to go from parity You know down to you know, 0.96 96 cents. So forecast a helpful Monetary policy. Yeah, which isn't necessarily on the spreadsheet doesn't need to be Doesn't have to be but monetary policy, whether central banks are hiking holding Or cutting rates. Yeah, you need to be aware of that information isn't on the spreadsheet, although you can look at the spreadsheet and Derive the fact that the central what the central bank should be doing you can actually do that and we do do that But we also confirm With with news articles risk sentiment. So whether risk is on or whether risk is off risk off sentiment being And so let's say that would be another reason as to why You may want to for example buy the Japanese yen because looking at the the data. Let's say for example the Aussie yen Is a great example of of of why you would want to buy eight and sell one because in a risk-off environment meaning that you know when there's a lot of fear uncertainty and doubt in the market and where Traders are likely to put their money into, you know, safe, you know, safe haven assets and safe haven currencies and the Japanese yen Historically has acted as it as a safe haven currency as has the Swiss Frank all though this year or over the past year It really hasn't but it typically does if you don't understand risk sentiment then Buying one in a risk-off environment isn't, you know, the greatest thing to do, right? You're gonna be caught, you know, you should be caught off-site or you typically would be caught off-site. Yeah So buying eight although from a fundamental analysis spreadsheet perspective You shouldn't be buying, you know eight and I say you shouldn't but just looking at the raw data It would mean that you know eight would Typically signal that you would probably want to sell eight again if you don't understand what's going on From from, you know beyond the price chart. I'm sorry to say the price chart But beyond the Fundamental analysis spreadsheet if you don't understand the nuances Outside of the data then again, you can be caught off-site And also as well, there are changing nuances. Yeah, we've been within Fundamental analysis as well and I'll give you an example of this and an example would be If you are, you know up on fundamental analysis and you know You've watched a lot of my videos and you're like well Leon, you know I understand that when a central bank hikes rates. Yeah, that is normally appreciative of a Of a currency right a currency should you know increase in value, but in fact that is not always the case It is not always the case and what we've seen this year And if you've paid attention I guess to or you should have been paying attention to maybe the pound if you're trading the pound dollar Or any pound crosses is that sent you know the Bank of England have been have been Have been hiking rates yet the pound dollar has been going down same thing with the euro dollar, right? You're a dollar has been going down against, you know, you're has been going down against the dollar. Why is that? Yeah, you know you'd be you'd say well Leon said Leon said Leon said that you know hiking rates means that The currency should appreciate but there are changing nuances. Yeah, whether they're permanent or temporary is neither here nor there but one thing you must understand is that there are environments where nuances will change now one of the nuances would be That has kind of changed is the fact and it hasn't even really changed. I wouldn't even say it's changed It's just something that you probably may not have been aware of if you don't understand if you haven't gone into and mastered the fundamentals deep enough is that hiking rates when the economy is Actually declining and go into the contraction and potentially, you know recession phase Doesn't always or is less likely to appreciate a currency You need to see the economy actually start to grow or continue growing Inline with rate hikes in order for that currency to appreciate. Yeah, so again, there are Some changing nuances and maybe changing might have been the wrong word But there are nuances that you need to be aware of Yeah, also and it does make sense when you understand, you know What you're doing and what you're looking at and right now again, you might be sitting there thinking well you know Well, how am I supposed to know this stuff and You can know it right if you do join, you know the mentoring because mentoring is required And there are things that you know, I can hold your hand with and I'm always, you know in in in the discord room You know free to ask questions and I have a weekly Wednesday live call where you can always ask me these questions about what is going on in the market I share my views pretty much on a on a daily basis and fundamentals don't really change too often as well I just want to say this fundamental biases don't change and Again, that is really backed up by one of my latest videos which was Which was this video right shorting the euro dollar for 18 months. Yeah, so I had a short bias Yeah for on the euro for euro dollar for 18 months and and I still do and so You know, it's not really, you know about about, you know, one week Or this week, you know, I want to be a buyer of the euro and next week I want to be a seller of the euro or today or whatever it is if you understand that That fundamental biases typically don't really change regardless of what price is doing because price and Value should not be confused many traders confuse price and value and price could be doing You know something different to your bias But what that ultimately means and that what that only means is that? You know the price is getting cheaper If you want to be a buyer of something and prices are coming down Then you should really be jumping for joy. You shouldn't be thinking to yourself. Well, why is price coming down? I mean, it's always a normal and natural Question to ask right why is price coming down because is there a change in the fundamentals? I definitely get that but if there's no change in your in the fundamentals And there's no change to risk sentiment and central banks are continuing on their monetary policy cycle Etc. Etc. Nothing has changed, but you're seeing price come down Yeah, and you want to be a buyer at the man's own or support or a support zone then in fact You should be looking at that as you know rubbing your hands and saying I'm getting an opportunity to buy on a pullback, right? That's basically, you know, what? You know, you should be thinking and again going back to fundamentals not changing Too often Sentiment can change of course risk sentiment can change on and off just like this and like that, right again Even even risk sentiment to a certain degree doesn't happen that often. It doesn't change week to week But there are obviously going to be moments, you know geopolitical events and like that may, you know Change, you know sentiment, but Overall when you have a bias, right on a currency pair Typically, you know, you won't change it from week to week. It might change maybe every three six nine months potentially, right? but overall you can have a fundamental bias on a currency pair, yeah and You can have that bias for Months, which then means that all you're looking for is a trade in You know, either a long or a short direction and you don't necessarily have to worry about trying to catch tops and bottoms all you're really looking to do is just looking for You know bargain prices and looking to buy at bargains, which is a lot easier than trying to predict, you know, you know, where Prices are gonna go from day to day or week to week and trying to catch consistently catch tops and bottoms because it's not really about that It's really about, you know riding The trend yeah, because where was the money made? Yeah, the money was made to the short side, right in this downtrend Yeah, yeah, there was opportunities and this is a daily chart and it might have been a week or two or three where You know prices went to the upside But when you zoom out and you actually look at where the money was made, right? And where you should have been riding the trend it was to the downside and this was you know the most probable direction when you understand fundamental Analysis and you understand why you should have been, you know, shorting the euro and why you should have been buying the dollar Yeah, and that starts off with understanding the fundamental analysis spreadsheet currency the currency value cycle as well as Things beyond the data as well and so another question I get finally is using day trading strategies with fundamentals and my answer to that would be It all depends on your strategy now and where you anchor your Your how often you trade now so what I mean by that is this is that You Fundamental analysis lends itself better to higher time frame analysis and when I say high time frame analysis I'm talking about for example the daily as a as a bare minimum and The reason why that is is because and let me just I shall go to a price chart go to a life price chart Go to the euro dollar, right? And the reason why that is is because if you look at where we are yeah If you look at where we are we are at what would be considered an expensive area This is very expensive. This this this area here Yeah, you're buying you're selling at lows Basically, you're buying the dollar if the if the dollar was the base currency in a euro was the quote currency You'd be buying at highs. So I'll just demonstrate that so if we're looking at USD you are Yeah This is where you're buying and you don't really want to buy the dollar at highs Yeah, that's the that's really the wrong place. You really want to start to look to buy the dollar, you know at You know Guess what you would call higher lows? Yeah in that area there, right? That's the first area This would be another area that would be identified is where the demand zones are right? This is where price was a recent bargain because prices went to the upside now if you are a Five-minute trader and you don't understand that you're buying at highs and you think that this Area here. Yeah And this price zone here. Sorry guys. Don't know why my my My Mac is starting to Well Struggle a little bit, but let's say you're a five-minute trader and you don't understand that in fact Buying at maybe some sort of support zone, which would be maybe somewhere around here Potentially you've got support support there Let's just zoom out a little bit. Yeah So you've got that area where prices have been traded support resistance If you don't understand that on the daily time frame even though prices are pulled back to that zone that this is Still an expensive area considering where we are in a daily time frame. Yeah Yes prices can could continue to go higher, but you don't want to be you just don't want to be a buyer At highs right you want price to prove that there's a bargain go higher and then wait for the pullback You don't want to be the person that's buying at highs and again depending on the strategy use a breakout strategy I don't know Personally I trade against breakout traders So I will never be a breakout trader but if you're in a five-minute time frame chart and You're thinking to yourself that this is a good opportunity to buy it might be technically but from a value perspective It's a horrible place to buy an absolute horrible place to buy and so, you know, the market is more driven by liquidity in the short term and institutions will look towards the higher time frames and trade You know the higher time frames in terms of looking for bargains and looking for value Yeah, and up here is not a value isn't it's not a bargain in fact Maybe that level there, right? You might look great on a five-minute chart But from a from an institutional perspective It's less likely to be a bargain because again if you're looking at where the dollar is Yeah, and the euro dollar is it's still at the highs So you've got several levels that you could be looking to trade on that five-minute time frame chart And this could just be a pullback now You might lose, you know five six seven trades in a row trying to get involved in all these different five-minute time frame levels yeah, and Then you would turn around and say well fundamentals don't work But it will you know what if you're if you're going to trade five-minute charts at and at market highs Then what do you expect so you have to understand that the market can pull back for several hundred pips But it can still maintain its It's it's it's trend case in point. Yeah, the market pulled back from here in jail on July 14th all the way down Pulled that pull back maybe around about what's that? Maybe 400 pips. Yeah pull back 400. Yeah about 400 pips But the trend it was the dollar was still a buy Yeah, the dollar was still a buy so Prices pulling back 400 pips doesn't signal a reversal But you would never know that if you don't understand a fundamentals and be You know the fact that fundamentals and higher and combining that with you know the higher time frame analysis Okay for that week or you know you you you may not have had a trade or two But understand that when you do have a trade down at these lows that you know this maybe this demand zone right here Yeah Right there. Oh, just would have missed out on that one. Maybe not or maybe some sort of intraday level Or understanding that there was actually a potential trade in here. I'm not gonna go over it In fact, I do remember it's around here, but um, you know understand that the pullback. Yeah there Yeah, they pulled back several hundred pips is now a potential bargain And it worked out to be a bargain because we got this and we got this and we got this Yeah, so going back to the original question With regards to day trading strategies or fundamentals I would say yes, what we do a trading 180 is we look at intraday Timeframes to for for setups, but we always anchor always anchor our our trades on the higher time frame levels either, you know Supply and demand or or stop hunts or what we consider CPR zones, right? We're always looking at those types of levels looking at where we are looking at where fair value is where the Bargains are from a higher time frame perspective always got to look at the higher time frame perspective And that's where fundamentals lend itself best So and then for your entries you can go down to if you want to go down to a 15 minute a one hour Etc. Once prices have come down Then that makes all the sense in the world because you're not only buying a value And then you can time your entries and have great risk reward to the upside So that being said going back to my I guess the original Query which was You know why I don't You know, maybe just why can't I just sell this or give it away for free or wherever it is I mean giving away for free would be again It wouldn't be still wouldn't even do you any any good because if you don't know how to use it, right? If you didn't explain to you and you know And even though this is explained to you, of course there are I think Fundamental analysis requires mentoring because unlike I guess technical analysis It's it's a really a different ballgame, and I do think that you have to Really kind of get the experience of Fundamental analysis in terms of whether you want to call it forward testing or you want to just just live through The certain fundamental Environment certain risk sentiment environments to get the experience and then you actually know How to trade and a lot of traders in the group in fact have said that to me is that you know in theory? You know, we all know that maybe in a risk-off environment This should happen and then in a risk-on environment that should happen, but you become you know traders become wiser and You know can can time the market a lot better once they've been through certain environments, right? it's certain trading environments and so Mentoring I think is something that all traders mustn't you know must have and this is not mentoring in terms of just you know This is just a chat room where you know hundreds of people were you know, just spouting off nonsense about you know What they feel is you know going to happen in the market I've been in well before I you know before I create trading 180 when I was a struggling trader I did all that as well. I joined many different, you know chat rooms and it was just chaotic They're probably you know the same now Maybe not who knows but the point is is that you know, you can ask me questions directly You can ask the experienced traders in the group the profitable traders who have been with me for for a while and who are lifetime members and who choose to stay in The trading 180 community to help other traders because they understand You know what I've done for them and then they want to pay that energy on to other traders to help them also become profitable You can ask us, you know while you're actually going through the fundamentals and living it and seeing it play out in the market You know, we can hold your hand We can guide you and mentoring for me anyway is is is so important You know, I had a mentor for any of you who know Mark Chapman Who's a who's a mate of mine, but he started off mentoring me back in her 20 maybe 1320 14 My how time has flown but Without him and him mentoring me, you know I wouldn't have stood a chance and many traders don't stand a chance without proper mentoring, right again The word mentoring, you know can be used loosely, you know a chat room Is not mentoring, you know posting your trade signals is not mentoring, right? Because you're not learning your your you're not learning to catch your own fish, you know catch a man a fish eats for a day teach a man to fish He's for a lifetime, right? You're not learning how to fish someone's catching fish for you Which means that that's not really, you know the point in mentoring mentoring is supposed to be Me and you and the group all coming together Supporting each other getting you to the place and getting you to that understanding so that if you want to go off and You know be an independent trader then you can because you have all the tools you have all the skills You have all the experience and the knowledge To do that, right? Whereas many traders will be in a in in what they think is a is a is a Group and in a chat room or whatever it is or a mentoring environment And then if that trader decides to shut down the room Then they end up going on to other trade rooms because they didn't learn anything They would just you know the the mentor was just or their supposed mentor was just providing them with signals not giving them actually You know the skills and the tools to actually be self-sufficient. So with that being said I'm gonna wrap up this video That's the reason why I don't sell it and I don't give it And I and I will never sell it because it really will do you a disservice You're just you just be wasting money what you need is an understanding of of of the fundamentals and the mentoring from myself as well as The traders the experienced traders in the group to help to get you to where you want to be Just having the fundamental spreadsheet Analysis spreadsheet is just not enough and I'm not gonna do you a disservice. I'm not gonna do, you know myself a disservice Yeah, it might be short-term money and I might sell hundreds of thousands of these but that's not the point Yeah, that's not the point because you're just gonna go away jaded You're gonna go away thinking that well, you know what it doesn't work etc. And ultimately I haven't gained anything from it You know as far as yeah, I might be you know a bit richer for it And I say richer but I might have a you know a few you know money more money in my pocket But it doesn't do anything You know for the for the trading community, there's already enough scams out there and people being scammed left right and center and You know, I've been scammed myself. So so I know right? I know how that feels and I would never ever in life want to pass that on to you know that feeling and do that to anybody else There are psychopaths out there right there are sociopaths and there are those people out there You know that that do those types of things that have no that really have no empathy or sympathy but you know From that perspective, that's the reason why I don't and I feel that you do need Mentoring and if you do want the mentoring then brilliant, you know, I mean I'm here in terms of Well, I only really open up for maybe a certain amount of time a year Maybe about four times a year if you miss this mentoring period Go on the website and I'm closed then I will be open at some point But you know, maybe I might open every three months or so just so that I can focus on The traders that are already in the group and give my attention to those people because it's very difficult to Mentor people when they're coming in all at different times I like to you know have maybe a week where I open up and then anyone who joins and I can everyone can be on the same page You know, can you imagine? Start in school like that where you know, you start in September in the UK we start a new school year in September and All of a sudden you're getting new students coming in in October November December January February March April May It'll be totally disruptive to whoever's teaching the class, right? Same thing with mentoring, you know to do it effectively. Yeah, it has to be done in groups in batches So that's the reason why I do You know mentoring in the way that I do and I don't open up You know 24 7 unlike, you know some others right and again each to their own if you want to do that then fine But trust me, they're not gonna if anyone's doing that They're not necessarily teaching you in the way that is It's probably not gonna be paying you the proper retention that that that is needed to get you to where you want to be As a trader anyways guys, that's pretty much it. I hope you found some value on this and if you do feel that you want to join Trading 180 and Have a look and see if it is for you there is currently a Opening until the 11th of September, which I think is going to be the Sunday and then I'm gonna close it Maybe for the rest of the year. I might open maybe in December depends on a bit of a break but there is an opportunity there and if not, I have plenty by the way plenty of videos I would say Definitely check out if you're a beginner For fundamental analysis videos, I would definitely recommend although I have loads of videos on fundamental analysis But just to kind of maybe just encompass everything or most things regarding fundamental when that fundamental analysis this video here, which is forex fundamental analysis trading course beginner and intermediate traders The next one would be this Title which would be forex fundamental analysis for course, right dollar strategy in under 60 minutes The next one would be my fundamental analysis webinar I did earlier in the year three steps to generating profitable forex trade ideas and then the the last one would be for example This one shorting the euro dollar for 18 months Forex fundamental analysis masterclass and again I have so many different fundamental analysis videos, but I would say start with those and Hopefully those three videos, you know You get enough out of those to actually turn your trading around if you are struggling that would be brilliant but if you do want some more again the mentoring will be open only for a certain period of time and If I work with you, I look forward to working with you if I don't In this period maybe the next time or if I never work with you I just sincerely wish you all the best with your trading on your trading journey your trading endeavors because I 100% understand how difficult it is and the noise and the nonsense That's out there and yeah wish you all the best guys Take care until the next video