Depending on your trading method, trading or monitoring other instruments such commodity prices, stock indices, bond rates, interest rate futures, American Idol, could help. But as a newbie, I'd recommend focusing on one instrument before learning another one. Master A before B. Don't purposely overwhelm yourself with learning too many new things simultaneously. That said, I'm pretty sure while sticking to forex, you'll slowly pick up on these other instruments and inadvertently gain intermarket analysis skills.
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