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.
Trens market is unique, how to understand with the trend market need to learn market behaviour, because this trader learns how to market movements in the Asian session, London session, new york and Australian session, there is each average daily movement on each session as a conclusion, and the busiest market is London overlapping New york session, as logically two markets meet on one time will increasing volume transacrtion.
Going against the trend sounds like a very appealing idea, but it's actually a sure way to lose money. A trader who goes against the trend usually has a logical explanation for it, at least in his own mind.
karenpeters posted: Going against the trend sounds like a very appealing idea, but it's actually a sure way to lose money. A trader who goes against the trend usually has a logical explanation for it, at least in his own mind.
Going against the trend is not so good thing. You may face great losses.
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