Edit Your Comment
Don't go against trend
Oct 30, 2020 at 12:18
Member Since Jul 19, 2020
751 posts
it is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.
Nov 01, 2020 at 06:35
Member Since Jul 19, 2020
298 posts
It's a very common sense that if we go against trend and hold the trade for long, our account will get wiped out. In trading we need to do the common things seriously. Knowledge and skills can lead us to the understanding of the market.
Member Since Jan 11, 2019
147 posts
Member Since Oct 30, 2020
21 posts
Nov 02, 2020 at 09:05
Member Since Oct 30, 2020
21 posts
Forex Trading and its evolutions over the years
Forex exchange is a broad term. The world is going through a phase of globalisation. It is empowering people and giving hopes to the lesser equipped nations. The exchange of currency is the medium that drives the cordial reception among countries. Such process serves multiple purposes; from enabling businesses to extending help to needy people. It creates employment, stabilises economies and establishes bonds among people of different backgrounds and cultures. Before beginning the forex trading, it is better to know the past, which sets the platform for future transactions.
continue to read... https://fxreviews.best/blog/forex-trading-and-its-evolutions-over-the-years/
Forex exchange is a broad term. The world is going through a phase of globalisation. It is empowering people and giving hopes to the lesser equipped nations. The exchange of currency is the medium that drives the cordial reception among countries. Such process serves multiple purposes; from enabling businesses to extending help to needy people. It creates employment, stabilises economies and establishes bonds among people of different backgrounds and cultures. Before beginning the forex trading, it is better to know the past, which sets the platform for future transactions.
continue to read... https://fxreviews.best/blog/forex-trading-and-its-evolutions-over-the-years/
Member Since Jul 19, 2020
318 posts
Nov 04, 2020 at 07:26
Member Since Apr 15, 2020
219 posts
going against the trend is only optimum if you are trading on news. Any sudden event might fetch you profits on a trade opposite to the ongoing trend. Apart from that, I advise traders to stick to the trend.
The more your practice, the more you learn.
Member Since Mar 16, 2020
54 posts
Member Since Jul 23, 2020
759 posts
Member Since May 07, 2021
4 posts
May 09, 2021 at 23:36
Member Since Apr 03, 2021
470 posts
Yes many traders said the trend is our friend, but the market itself has dynamic characteristic, the trend could reverse and discontinue, here also required more understanding to analyze when the trend will end, so the trader can more carefully to brake their minds to minimize the risk, if use Alligator minds, sleep when full, out when hungry
May 10, 2021 at 07:17
Member Since Apr 15, 2020
219 posts
FXOday posted:Its been quite a long that I am trading still never felt comfortable to ditch the trend...
Yes many traders said the trend is our friend, but the market itself has dynamic characteristic, the trend could reverse and discontinue, here also required more understanding to analyze when the trend will end, so the trader can more carefully to brake their minds to minimize the risk, if use Alligator minds, sleep when full, out when hungry
The more your practice, the more you learn.
Member Since Sep 19, 2018
27 posts
Member Since Mar 17, 2021
536 posts
Sep 18, 2021 at 21:06
Member Since Mar 17, 2021
536 posts
AliaDare posted:I think following trends is very useful for the new traders.
When trading trends, the possibility of loss is less. Because the forex market depends on supply and demand. So I think trading should be in favor of the trend.
Sep 20, 2021 at 01:21
Member Since Jul 19, 2020
788 posts
SteveHanks posted:Of course, not only new traders but also old traders benefit a lot by following the trend.AliaDare posted:I think following trends is very useful for the new traders.
When trading trends, the possibility of loss is less. Because the forex market depends on supply and demand. So I think trading should be in favor of the trend.
Member Since Jul 25, 2020
10 posts
Sep 25, 2021 at 16:00
Member Since Jul 25, 2020
10 posts
Well, that is just common sense. Surely, you shouldn't go against the market and I believe that most of the traders do understand that. I mean that even if you are expecting the trend to change, you still trade according to trade. The major thing is to determine the main trend and how long it is going to continue.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.