Economists are scientists who study economics. They study market conditions by analyzing economic data that is released daily and try to explain what is affecting the economy. They predict how current market conditions will alter future government fiscal and monetary policy. They based their predictions on theory and how the market should act.
Economists are more concerned with the longer term outlook of the economy, because there are normally delays when the government makes changes in policy.
Take note, while some economists do trade, not all are traders.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.