Most of my experience for the past 8 years has been in learning about equities and bonds, and I've developed successful systems for both. I had to learn and experiment for years to even get to the point of profitability. But eventually, things started clicking: I figured out how to exploit some well-known and persistent anomalies that are specific to the equity and bond markets.
So here I am, a total n00b in forex, exploring the possibility of designing a profitable forex strategy. Why? Diversification, in a word: adding another uncorrelated return stream to my portfolio.
I was wondering if there are any experienced members around who've done this already (profitable strategies in forex as well as other markets like stocks). And who can compare the challenges in each domain.
I'm also trying to learn whether there are any documented anomalies in forex, perhaps even some equity anomalies that apply to forex (e.g., the momentum effect, serial correlation, market behavior around price shocks like gaps between sessions, other human behavior effects, etc)?
As I mentioned, one successful research path for me in the past has been to start with observations gained from reading and exposure to markets, mine some stats, and craft a strategy around that. But perhaps that's not the best way to go about it in forex?
So here I am, a total n00b in forex, exploring the possibility of designing a profitable forex strategy. Why? Diversification, in a word: adding another uncorrelated return stream to my portfolio.
I was wondering if there are any experienced members around who've done this already (profitable strategies in forex as well as other markets like stocks). And who can compare the challenges in each domain.
I'm also trying to learn whether there are any documented anomalies in forex, perhaps even some equity anomalies that apply to forex (e.g., the momentum effect, serial correlation, market behavior around price shocks like gaps between sessions, other human behavior effects, etc)?
As I mentioned, one successful research path for me in the past has been to start with observations gained from reading and exposure to markets, mine some stats, and craft a strategy around that. But perhaps that's not the best way to go about it in forex?