Should I study Economic or Finance?

I love to trade in forex

I like cooking occasionally, does that mean I should go to chef's school or audition for Gordon Ramsay's Hell's Kitchen?

I'm not saying this to give you a hard time. But ask yourself; "Do I want my hobby to become my job". If the answer is yes, go for it.

Also consider what your goal is. Becoming an independent trader? You may not need to go to school for that. Is your goal to become a broker? Ask yourself if you actually want to have clients whining and bitching about their portfolio.

Lots to consider and what you mention on here isn't enough to truly gauge what it is you want to accomplish. But you have the answers

You do not need to study either of these if you plan to trade forex. Let the charts be your study guide. Watch one currency pair on one timeframe, learn how it moves, learn the patterns and the ebs and flows of the market. This is all you will need...

I've always thought comp sci was a better choice for an independent trader. I mean what trader wouldn't benefit from better programming skills?

If you want to be a Scalper {even on a 4 Hr Timeframe} Then you should concentrate on Price Action. Fathoms of info on this subject right here @ FF.

If you want to hold Trades for a Month or more... Study Both.

When you get to the point of playing both; {with reasonable success} please consider yourself "Arrived"

Have to agree with Rabid. My own computer skills are seriously lacking. I have to either take the long way around things or else rely on other people for some of my computer tasks.

I think either economic or financial is OK. I am studying MBA, there are total 11 seminar included : macro , micro, marketing, negotiating, management,.....money fiscal,...

From my experience macro is the onlything that relates directly to forex.
But that does not mean that you'll be a better trader after hearing the lecture. It's good to understand the underlying forces of the market.

the only discipline remotely useful for success as a trader is psychology. Expertise in finance or economics will have no impact on your trading ability.

If you want to start you own hedge fund it might be of an advantage to study both economic and finance.

If you want to be a bank dealer, investment banker or work in the banking industry, do finance. Doing a major in quantitative finance would be good.

There exists the combined major like financial economics or business economics in finance option.

You should study econometrics. This study help you learn Forex faster than most people here.

Don´t study finance or economics, these are time wasting studies.

Yes.

Why can't you do Economics & Finance?

Double major in both or

Major in Finance and minor in econ.

Im going back to school in sepember for finance degree myself.

Study the chart

Assuming you really want to be a trader...

IMO

Study Trading.

They don't offer it in school because it involves a completely different skill set from other professions. Combine that with trading being a very personal experience, economics/finance doesn't help you much.


I am currently studying finance and it has been of zero help to me in my trading. I actually think it might be detrimental as the professors think they know what moves the market and have a truckload of wrong views/beliefs about how the markets work that they pass onto their students. Luckily I have enough experience that I can tell when they are spouting their crap so I can disregard it.


Just my view.

Study Finance or even better, Econometrics.Some Finance courses, depending on the university are already "blended" with heavy econometrics too...you need to check with the university for the specifics.

I studied and continue to study Econometrics on my own from books I get from the library.I studied Computer Science at the university.

It would really depend on what type of trading methodology/system your using.

Some traders can benefit from having programming skills, while others don't need much more than a simple chart to become highly successful.