The idea to make this thread came from the discussion with other members on my other interesting thread:
http://www.forexfactory.com/showthread.php?t=561189
In this forum we already have threads discussing about
"how many pair should i trade?"
"single pair vs. multi pair"
"how many pair do you trade and why?"
and every thing else along the line. However, what interest me is not single vs. multi pair but rather about your choice of pair. So here's the question:
Are you a specialist or do you pick the hot item?
I'm sure some of you already know where I'm going with this but for the rest let me explain it a bit more. There are traders who prefer to become a specialist and they only trade one specific currency pair (or two or more but never change them) no matter how fast or slow the market is going but there are other traders who are opportunistic by nature and they only want the pair that is the hot item. For example, when the Greek situation hits the market some people are drawn to it because to them something big might come out of it. The reason for them might be it's easier to predict the market movement or the market might move with big swings in pips. And when some other big news involving let's say Japan become the hot topic those traders flock to this pair.
Now that you know what I mean please tell me whether you're a specialist or do you pick the hot item?
*Please don't forget to participate in the polling, ok?
http://www.forexfactory.com/showthread.php?t=561189
In this forum we already have threads discussing about
"how many pair should i trade?"
"single pair vs. multi pair"
"how many pair do you trade and why?"
and every thing else along the line. However, what interest me is not single vs. multi pair but rather about your choice of pair. So here's the question:
Are you a specialist or do you pick the hot item?
I'm sure some of you already know where I'm going with this but for the rest let me explain it a bit more. There are traders who prefer to become a specialist and they only trade one specific currency pair (or two or more but never change them) no matter how fast or slow the market is going but there are other traders who are opportunistic by nature and they only want the pair that is the hot item. For example, when the Greek situation hits the market some people are drawn to it because to them something big might come out of it. The reason for them might be it's easier to predict the market movement or the market might move with big swings in pips. And when some other big news involving let's say Japan become the hot topic those traders flock to this pair.
Now that you know what I mean please tell me whether you're a specialist or do you pick the hot item?
*Please don't forget to participate in the polling, ok?
Different/opposing ideas will make us learn and understand many things.