DislikedHypothetical question guys: who do you consider to be a better trader (assuming all other things are the same). Trader A-Only trades Gold. Trader B-Trades Gold and a forex pair. The argument for Trader A is that he only need one instrument to make the same ROI, ie able to find more "resources" in the same "mine". The argument for Trader B is that he is not over-reliant on that one singular instrument. Who is the better trader in your opinion?Ignored
I just trade Gold now. Used to just trade GBPUSD. I switched as I only have to really consider the dollar as the value of gold is actually pretty flat. The volatility and rise in XAUUSD is actually just the buying power of the dollar declining. I basically have to halve thework for XAUUSD, as such I'm doing far better with gold than I ever did with a forex pair.
I also pay a lot more attention to macros. Everyone should have gone bearish on the dollar when Yellen went to China and bowed and begged them to lend then $850bil. Absolutely smacked of desperation.