Forex Question..

[nooty]

"currencies are influenced by a broad set of factors, including central bank policy, interest rates, current account balances and other macroeconomic indicators."

How exactly does each affect prices? What happens step by step?

 

[MTE]

It's a very broad topic, I suggest you pick a macro economics book or at least search the web for info.

 

[aiyah_mark_lah]

The only factor that affect price is BUYING and SELLING. ie. more sellers than buyers price go down.

 

[peilthetraveler]

Quote from nooty:

"currencies are influenced by a broad set of factors, including central bank policy, interest rates, current account balances and other macroeconomic indicators."

How exactly does each affect prices? What happens step by step?

Fear & greed. When someone does something that scares you, it creates selling(Fear). When they do something positive, it creates buying (Greed) Thats all you gotta worry about fear & greed.