Specialist or hot item? Which one do you choose and why?

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?

None of the above.

i trade all but i like to trade eurusd more than others ​

Most trader will fall in the first category so please explain what do you mean.

And why is that? Details please.

i think it is more safe from manipulation by big traders and spread is small also thats all ​

Obviously the small spread refer to EURUSD but the first part is a bit confusing.
Do you mean by trading more pair you are safe from manipulation or you trade EURUSD because it's safe from manipulation?

And Thanks for participating in the poll.

Neither category makes any sense.

Being a 'specialist' and focusing on one instrument concentrates your risk. Trading the 'hot item' is a poor substitute for a criteria for selecting tradable markets.

i mean trading eurusd is safe because many players trade it not like other pairs ,also i believe you can find a lot of views about it easy and news and analytics concentrate on it so a lot of media and analysis views for it so not vauge or unknown pair it is famous and known and many trade it .
have a nice day please

In my definition one or two or more pair does not matter as long as you focus on them and not changing/substitute them for a long period of time makes a trader a specialist because the trader specialize in that one or those pairs.
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I think the saying "go with the trend" is also applicable in selecting the market to trade. In shopping mall we see xmas trees and decorating ornaments as we enter November. During the summer bikinis and summer related items are the trend. So the same can be found in the market. One vivid example in the forex world is carry trading.
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​What do you think?
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PS: pardon the strange symbols...happens every time I reply from my tab. I can't get rid of them no matter what I do.

That one's me, near enough: I trade GBP/USD and/or EUR/USD for about 95% of my trades. I only need a decent prospect of taking 15 pips, to trade. I'll occasionally look at USD/CAD and USD/CHF if "mine" aren't moving, but when "mine" aren't moving, usually others aren't, either. I'm not so keen on the JPY pairs, and the AUD and NZD pairs can have higher spreads.