Hello friends, I decided to start this thread to see if I could generate discussion about a belief I have always had. Simply put it is this: Markets are Markets, and Trading is Trading. I firmly believe that ALL markets function pretty much the same way, and that is that people who wish to participate MUST do so by placing orders (be they buy or sell, market or limit, etc.)
However participants which to "engage" with the markets via charts/graphs, fundamental and news research, advise from their cats, in the end they must all enter orders. This applies as well to those who purchase physical gold. While it take a while for this order to work its way through the markets, the physical buyers result in higher actual demand, which results in higher prices, which in turn triggers production and supply, which then creates movements (because of these physical orders).
My feeling is that a thorough and rigorous evaluation of the order flow/volume on a daily basis, can bring about opportunities to profit several times in any given trading window. I have proved this (to myself) over and over again in any market I trade. (Futures, FX, Commodies, metals...) So my question is this:
In other words, do you trade FX in a different way than you trade metals, or futures? Other than time frames, and scalping vs swing trading vs position...does your methodology change from one market to the next? And if so, why?
However participants which to "engage" with the markets via charts/graphs, fundamental and news research, advise from their cats, in the end they must all enter orders. This applies as well to those who purchase physical gold. While it take a while for this order to work its way through the markets, the physical buyers result in higher actual demand, which results in higher prices, which in turn triggers production and supply, which then creates movements (because of these physical orders).
My feeling is that a thorough and rigorous evaluation of the order flow/volume on a daily basis, can bring about opportunities to profit several times in any given trading window. I have proved this (to myself) over and over again in any market I trade. (Futures, FX, Commodies, metals...) So my question is this:
Do any of you trade DIFFERENTLY from one market to the next?
In other words, do you trade FX in a different way than you trade metals, or futures? Other than time frames, and scalping vs swing trading vs position...does your methodology change from one market to the next? And if so, why?
@xxxx§|[::::::::::::::::>