Ep. 989: Four Trend Players with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Trade Currency Pairs Effectively
All trades are risk equivalent. We bet small when we win we win $2.12 or $0.20 whatever it is depending on the time of equivalent to all of them When we lose we lose $1.00 so that's where our edge is but it's a statistical edge. It's not a knowledge edge if you get my drift. The system basically has seven currencies and has seven times seven minus seven divided by two. So there should be 21 price streams that we trade in fact for reasons of liquidity. Obviously we don't trade all 21. We only trade 16 of them because 16 are the ones that meet up our criteria for acceptable liquidity.
Transcript
Play full episode
