Disliked{quote} DOPE Thanks for the comprehensive answer, it's great to be properly oriented. I took a beating from this latest FOMC and I'm intent on learning from my mistakes (still holding my short on EUR/USD though LOL). Is it difficult jumping straight into macroeconomics without any prior economic/finance background?Ignored
Well, of course it is better to have a background on something but it is really not necessary. I am a 21 year old guy who started trading as soon as he turned 18 So i can assure you i have no background
I was just interested on financial markets and reading about these stuff, so no matter how many times and how big i have failed i didn't give up. I still don't. For fundamentals I directly started by studying the macroeconomic books that they gave us in university and they shone a light for me. Inflation is bad for the currency, GDP is good for the economy but bad for the currency etc. and i just kept searching and trying. And even after 3 years, there's still lots of room for improvement. So while trading fundamentals, every new day is an opportunity to learn and improve yourself. I still have a lot to learn. The trick is, being wiser than you were yesterday. Sorry this may all sound cliche but that's true. It may take a year or two to reach the place where you feel comfortable while trading.
About EUR/USD, i am holding my sells too, it will go down no worries
I make my own luck.
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