Do you need the names of financial instruments to fully analyse and trade?
Will your analysis become difficult? For example, those who are used to trading EURUSD will not find that name. Which financial instrument will they choose to trade?
all this fantasy has nothing to do with reality.
If you answer bluntly, then such a DC will not attract any trader and will operate purely as a casino, so there is no reason for it to exist even in theory.
I don't care about names at all. Names play no role in price time series analysis.
Can you identify majors among unnamed financial instruments? My answer is yes.
Does the nature of financial instruments matter (what market does it belong to, is it real or synthesized by a brokerage company)? The answer is not important.
You do not need the names of financial instruments to perform a meaningful trade or analysis. This statement does not apply to FAs, because it is a very subjective concept.
The message is not clear. Another mathematical abstraction of some kind.
And what are fundamentalists to do if they do not know what country the currency is?
And what to do with a limited quote history?
And the relationship of different instruments to watch only formulas, extrapolate into the future and do not take into account external factors?
In general, we should use a concrete example.
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> Does the nature of financial instruments matter (what market does it belong to, is it real or synthesized by a brokerage company)? The answer is not important.
I do care. Currency - oil - gold - synthetic => different methodologies.
Whether it is synthesised by a DC or an arbitrarily customised index is important. In these cases the parameter dynamics are different than in the open market. The market is more conservative.
Did you find the grail? Share it?
The statement that you can work solely on the chart is not original. The only question is how? And here the author modestly kept silent.
Martingale, all sorts of "Avalanches", crossing mashka.... Generally speaking, when choosing parameters, such variable as "instrument name" doesn't apply (unless it's a multicurrency analysis) ....
The question should probably be asked differently: are there any fundamental differences in the application of a particular TS depending on a particular instrument (i.e. not the difference in parameters, but the fundamental possibility to apply the TS itself) ..... For example, as far as I know, in wave analysis it is assumed that it works with any instrument, i.e. the trader is able to build a wave without knowing the name of the instrument....
And what is the point of this thread?
The author puts the question correctly.
"Will your analysis become difficult? For example, those who are used to trading EURUSD will not find that name. Which financial instrument would they choose to trade?"
I.e., what are the reasons to trade a particular instrument other than subjective ones? There is a sea of dates, why and how would a speculator choose an instrument if he does not see the label of the subject to trade?
Some guys use the names of financial instruments in their multi-financial analysis.
........
I don't care at all about names.........
Does the nature of the financial instruments matter (what market does it belong to, is it real or synthesized by a DC)? The answer is not important.
............
Did I get it right: if you are going to research, say, a basket of currencies, and you are offered grain futures charts instead, that won't stop you?
The author puts the question correctly.
"Will your analysis become difficult? For example, those who are used to trading EURUSD will not find that name. Which financial instrument would they choose to trade?" (....Tool #8 (according to the topicstarter's terminology)).....
I.e., what are the reasons to trade this or that instrument other than subjective ones? (What do you mean "subjective reasons for trading"? - At random? ...... ) There is a sea of dates, why and how will a speculator choose an instrument if he does not see the label of the subject of the trade? (If the nature of the instrument meets the requirements of his TS, what does the label matter? Or will the trader not be able to trade because he is afraid to get on the pork and that is not kasher?)
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Some guys use names of financial instruments in their multi-financial analysis. For example, count MXN index using all pairs of this currency...
Imagine that you are working in a brokerage house which does not have names of financial instruments. For example they are just numbered. You may work with an instrument N1, you may work with N2, etc. There are no familiar names. You also have access to the quotes history for each financial instrument, the margin requirements and the cost of the minimum price change in the currency of the deposit (the name of the deposit currency is also unknown).
Will your analysis become difficult? For example, those who are used to trading EURUSD will not find this name. Which financial instrument will they choose to trade?
For FA fans, the DC is kind enough to provide the numbers of financial instruments that could be strongly influenced by the coming news.
Do you like it?
I do not really care for the names. Names don't play any role in price time series analysis.
Can you identify the majors among unnamed financial instruments? My answer is yes.
Does the nature of the instrument matter (what market does it belong to, is it real or synthesized by a brokerage company)? The answer is not important.
You do not need the names of financial instruments to perform a meaningful trade or analysis. This statement does not apply to FAs as it is a very subjective concept.