Microeconomics and macroeconomics

Im going to take a course in microeconomics and soon macreconomics. Can any of these subjects in anyway contribute to my forex trading?

And one last thing, instead of starting a new thread: What are the taxes in UK for income generated through trading for an individual investor? And would you benefit from starting a company and trading through it?

epic767 said:

Im going to take a course in microeconomics and soon macreconomics. Can any of these subjects in anyway contribute to my forex trading?

And one last thing, instead of starting a new thread: What are the taxes in UK for income generated through trading for an individual investor? And would you benefit from starting a company and trading through it?

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Macro economics definately. Microe economics less so.

Exchange rates determined by inflation, interest rates, balance of payments for each of the countries concerned.

At a lower micro level it's issues like productivity output inflation etc etc.

Most people don't understand real rate of interest = r - i and hot money flows where big multinationals move billions around based on marginal differences in interest rates. That's probably my self included. Like to know more than I really do.

Having said all that most people on this site will pay little heed to fundamental analysis and trade technical charts. I would agree with them but I like to ensure my charts conform to my fundamental analysis of long term events. When trading it's the charts and trends that determine the buy or sell action.

Your second question is dependent on types of investment you trade in. Best to see a financial accountant or advisor.

Welcome and good luck

Atilla: Thanks for the informative answer =)