DislikedHi Pred ... Can you briefly explain what you mean by "Utility" ?
Much appreciated.Ignored
Basically your "utility" is what your needs and wants are.
A couple examples:
A person who is a daytrader that thrives on making a daily profit will most likely be in and out of trades in the same day. In forex the "daytrader" is usually looking for a small amount of pips for profits with tighter stop losses to make a fast buck to sustain their life.
In contrast, a person who trades forex strictly to build wealth will use smaller lots with an infinite profit potential and really large stop losses. This person usually has a day job that requires their attention most of the time therefore they have to find a way to be profitable in forex and this mean finding a way past the volatility in this market (which is large stop losses).
So the utility of a daytrader says "I need to make money this week so that I can cash in on my gains and pay rent, food, etc. Having an overall loss will jeopardize my daytrader lifestyle."
And the utility of a wealth builder says "I want to have my account compound over time so that one day I can leave this day job and retire, if that means seeing relatively large retracements in my account's equity, then so be it..."
There are many other utilities to forex traders out there but those are just a couple examples. Hope this makes sense
Pred