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I was thinking the exact same thing last week. FX markets are renowned for trending, yet the majority still lose money. Is it because they trade over too short a timespan? Perhaps, but trading EOD or greater removes much of the noise associated with the FX market. The negatives would be bigger stops, interest (unless long position with the required margin). You would also need a bigger account to keep your stops within the desired % risk on each trade.
It would be nice to adopt a set and forget strategy towards FX, but I have actually heard of anyone doing this before. At the end of the day it doesn't really matter so long as one is profitable. Comments anyone??
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