Trading one instrument only compared to trading multiple instrument is a decision that depends on an individual trader's goals, risk tolerance, and trading strategy. Here are some things to consider:
1️⃣ Diversification: Trading multiple instruments can provide greater diversification, which can help reduce risk and protect against market volatility. On the other hand, trading one instrument may offer greater focus and specialization.
2️⃣ Volatility: Different instruments can have varying levels of volatility, and trading multiple instruments can help balance out risk. However, some traders may prefer to focus on one instrument with high volatility to take advantage of potential large price movements.
3️⃣ Complexity: Trading multiple instruments can be more complex and require more analysis and research to keep up with market developments. Trading one instrument may allow for a simpler approach with less time and resources needed.
4️⃣ Trading costs: Trading multiple instruments can result in higher trading costs due to additional fees and commissions. Trading one instrument may be more cost-effective in terms of trading fees.
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