trendie
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In the light of a couple of recent threads, I am interested to know whether traders consider specialisation more productive than diversification.
Consider, the "british inventor cracks currencies" thread.
And also, to a similar extent, the FX Pip Monster, or whatever it is.
Consider, their apparent stellar performances, garnering pips counted in many thousands every month.
But, on closer inspection, these pips are made over several FX pairs.
When you compare the pips made divided by the number of pairs traded, the returns are mediocre at best.
I am not interested in whether its merely a ploy to bring in people who do not apply some analysis, we'll leave that to one side.
I would like to know how many focus on just a handful of markets, and how many focus on a broader spread.
I fully appreciate the markets played is a function of your timeframe. The lower your TF, the smaller the number of markets traded.
I know wallstreet1928 trades a handful on the smaller TFs; the reprobate wasp trades GJ on the 4-hrs exclusively.
(I trade 3 FX pairs (merely observing the GJ) on an intra-day basis)
Consider, the "british inventor cracks currencies" thread.
And also, to a similar extent, the FX Pip Monster, or whatever it is.
Consider, their apparent stellar performances, garnering pips counted in many thousands every month.
But, on closer inspection, these pips are made over several FX pairs.
When you compare the pips made divided by the number of pairs traded, the returns are mediocre at best.
I am not interested in whether its merely a ploy to bring in people who do not apply some analysis, we'll leave that to one side.
I would like to know how many focus on just a handful of markets, and how many focus on a broader spread.
I fully appreciate the markets played is a function of your timeframe. The lower your TF, the smaller the number of markets traded.
I know wallstreet1928 trades a handful on the smaller TFs; the reprobate wasp trades GJ on the 4-hrs exclusively.
(I trade 3 FX pairs (merely observing the GJ) on an intra-day basis)
