How many markets do you trade and why?

[Doomberg]

Ok I'm happy with my trading techniques and I currently trade 2 markets, the Dow Jones and the Eur/Usd. Now my concern and main question is; are signals different in each market? For example if I see something happen in the Euro over and over but my brain only saves it as "a chart pattern" what if I am trading the Dow Jones and see this same signal and think "signal" is it likely to have a similar effect? Do certain markets move differently? Could day trading different markets actually cloud the mind and muddle you up in a counter productive manner? Or could you trade 1/2 a dozen markets and just take the signals as and when they come with no problem?

Cheers and happy new year traders :clover:

 

[BeginnerJoe]

I wanna trade 1 million markets. Out of that, there would be more opportunities more of the time. I believe seeking opportunities from insufficient number of markets is the main reason for loosers.

On the fundamental level, I believe all financial markets are manipulated and operated in the same way. So if you have a good strategy, it will be applicable to all markets

 

[Traderallen]

As with most topics concerning trading the markets I'm sure there's not one correct answer. I prefer not mixing my trading system and markets. This helps me to stay focused on my current plan for each market. For example I only scalp the currency markets, usually the European session. When the US markets open I switch my focus to equities where I swing and position trade using the daily charts. I prefer doing this with options contracts so it's a little time-consuming. I also trade commodities which I buy based on seasonality so I tend to hold these for one to three months. Each market has its own rhythm and he must align yourself with that rhythm to make money.

 

[Shakone]

I usually only trade 2 markets, though I look at several others. I think every market I've studied has its own individuality. They do the same 'sort' of things, but in their own unique way,a nd with their own habits.

 

[kimo'sabby]

Here's what i believe.

1. There should be an inverse correlation between trade frequency and the number of markets traded.

2. An entry method should work/be applicable accross all/most markets.

 

[new_trader]

Ok I'm happy with my trading techniques and I currently trade 2 markets, the Dow Jones and the Eur/Usd. Now my concern and main question is; are signals different in each market? For example if I see something happen in the Euro over and over but my brain only saves it as "a chart pattern" what if I am trading the Dow Jones and see this same signal and think "signal" is it likely to have a similar effect? Do certain markets move differently? Could day trading different markets actually cloud the mind and muddle you up in a counter productive manner? Or could you trade 1/2 a dozen markets and just take the signals as and when they come with no problem?

Cheers and happy new year traders :clover:

Yes.

 

[NVP]

Ok I'm happy with my trading techniques and I currently trade 2 markets, the Dow Jones and the Eur/Usd. Now my concern and main question is; are signals different in each market? For example if I see something happen in the Euro over and over but my brain only saves it as "a chart pattern" what if I am trading the Dow Jones and see this same signal and think "signal" is it likely to have a similar effect? Do certain markets move differently? Could day trading different markets actually cloud the mind and muddle you up in a counter productive manner? Or could you trade 1/2 a dozen markets and just take the signals as and when they come with no problem?

Cheers and happy new year traders :clover:

Trend followers trade as many markets as possible to optimise their Big winners (with some caveats) Read Micheal Covel

On the 2 markets you mention I would humbly advise that they will tend to correlate strongly anyway

N :smart:

 

[bbmac]

I learnt recently that the 'best' traders at a certain well known prop shop trade 1 market only - their market of choice. The advantage of trading one market is obvious but there will be times that you miss opps that may be present on other instruments/markets I guess. I personally shoose to trade 1 instrument using multiple set-ups that make up my edge as opposed to more markets/instruments and presumably fewer set-ups. I am not sure you could do both effectiveloy ?

G/L

 

[BrightFX]

I trade just EURUSD. I agree that it is best to trade just the one market, especially when you are starting trading. A really important part of trading is knowing how a market behaves and each currency behaves differently. You need to focus on one market before considering to trade others.

 

[ffsear]

I trade all the major forex pairs as well as US equities.

I believe you can trade any and as many markets as you like as long you understand the princapels of supply and demand and are able to effectively identify when a market is trending, and when it is range bound.

The rest (the hard part) is all down to your personality, discipline and your ability to manage risk

 

[bigmistake]

I only trade on EUR/USD pair. This pair is good for me to trade.