Hi all, just a quick Q. Please take into account that i'm just rambling and not stating an opinion or such, just pondering the deeper meaning of it all...
I know there are some "position traders" amongst the group and then there are the more short term traders (be that intra-day or inter-day). I have read that there is a several percent difference (positive) in the accounts of individuals that simply left there monies in the various stock markets verses those who tried to pick the "best" trade days of the stock market. .
I'm wondering if there is a correlation to the FX markets? The information i read got me thinking that there is more than-meets-the-eye to taking a longer term look/approach to the market rather than trying to grab a few pips here and there on a daily basis? That possibly the one who might just hang in there in a given currency, trading with the "Big" trend would win out in the end, opposed to the individual that was trying to pick tops/bottoms, trading this way and that??
: - )
I know there are some "position traders" amongst the group and then there are the more short term traders (be that intra-day or inter-day). I have read that there is a several percent difference (positive) in the accounts of individuals that simply left there monies in the various stock markets verses those who tried to pick the "best" trade days of the stock market. .
I'm wondering if there is a correlation to the FX markets? The information i read got me thinking that there is more than-meets-the-eye to taking a longer term look/approach to the market rather than trying to grab a few pips here and there on a daily basis? That possibly the one who might just hang in there in a given currency, trading with the "Big" trend would win out in the end, opposed to the individual that was trying to pick tops/bottoms, trading this way and that??
: - )