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.
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.
Nov 02 2020 at 08:18
I think forex is completely unpredictable 😁
Nov 02 2020 at 09:05
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/
Nov 02 2020 at 11:11
Forex is a risky market. If you go against the trend you may face a great loss. So, don't go against trend.
Gracewilson1995 posted:
I think forex is completely unpredictable 😁
There is a reason for that, else we would be rich by now.
UweMoench posted:
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.
Maybe that's why some great investors just tell us: buy index and no more =))
Never go against the market. Market trends should follow. If you trade against the trend, you are more likely to lose. Do not trade on counter-trends. Should be with the trend.
Nov 04 2020 at 07:26
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.
Nov 04 2020 at 11:15
the forex market is very volatile, you never know how its going to play.
I am an anti trend trader. it works well for me but I understand that most people prefer going with the trend
Dec 04 2020 at 07:02
It is trading. What works for you might not work for everyone else. So, you must keep going with what is working for you.
May 09 2021 at 14:11
Never trade against trends unless you know what you are doing.
May 09 2021 at 15:57
It depends on many factors but in general if you looking to hunt more pips then u need to swim with trend direction
Success in trading = Lower DD + Higher Profit
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.
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
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.
May 10 2021 at 09:54
NOT popular opinion here but anyway here we go, Market trends are only visible in hindsight.
I would not count on the 'market trends', good luck to who will.
I would not count on the 'market trends', good luck to who will.
SublimeMarkets on Facebook too
Sep 18 2021 at 21:06
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.
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.
