DislikedAs for me here... understanding about macroeconomic and micro economic still giving me fun and satisfaction in Forex Trading. Even though I blew a few accounts already, all past mistakes make me wiser. However, learning is a never ending process. I understand that Economic EQUILIBRIUM must be met no matter what. It's all about supply and demand that float the price. No matter how much you trying to offset the Equilibrium... sooner or later it will move back to neutral ground. After all, Market is all about psychology. Train yourself how to react wisely during panic time will keep you alive.
Giving you an example, what do you think about the Oil price right now? Will it reach Usd100 per barrel by the end of this year? Tricky isn't it?
The way I understand about the Oil business... there are groups of peoples actually controlling it.... well... at least until all the Oil in the ground been drained out. They control the supply so that they can control the price. However, if they are not careful enough... meaning that too greedy for the profit... meaning create a huge demand by restricting the supply... and hence the price would rice sharply for maximum profit.... more than Usd100 per barrel.... what would happen next?
They way I see it... they will end up loosing everything. If the price too high... it will indirectly create a demand for alternative. Hence, more research for Palm Oil for instance. Eventually, a breakthrough for a mass production. Mass production = cheaper price. In the end, oil price drop like hell.
Just my another 2 centsIgnored
I know some very good book for the newbie to learn Economic..
Essentials of Economics by John Sloman
"Invest With The Insiders, Not The Masses" George Muzea