There are two basic types of trading, fundamental trading – looking at the GDP, PPP, inflation, interest rates, etc of a country and trading based on that – and technical trading – look at price action and trying to make a sense of price action using other calculations such as moving averages, MACD, ADX, RSI, etc.
 
Personally I have found that since currencies tend to trend, the best thing is to do longer term technical trading. In other words, decide what direction to get in on the market by the fundamentals, but decide when and how by the technicals.
 
So the macro perspective is made up of fundamental inputs and the micro perspective by technical inputs.

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