Forex traders have it easy. While there are more than 30 tradable - TopicsExpress



          

Forex traders have it easy. While there are more than 30 tradable currency pairs, only about eight of them – the majors – are heavily traded. That means a currency trader has only a handful of symbols to track. Stock investors, on the other hand, often suffer from what I call the “Cheesecake Factory Effect.” The menu of options is simply too vast, ultimately leading to paralysis by analysis. Sure, you can specialize in a small subset of stocks. I’ve mentioned before how a friend of mine ONLY trades pharmaceutical stocks. He’s an expert on these! And he knows very little about all other stocks. Yet, that’s a very limiting proposition. Profitable trend moves develop in a wide range of stocks. Why wouldn’t you try to catch them all?
Posted on: Tue, 05 Nov 2013 21:15:41 +0000

Trending Topics



Recently Viewed Topics




© 2015