Don't go against trend

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.

I think forex is completely unpredictable 😁

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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.

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.

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 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

Never trade against trends unless you know what you are doing.

It depends on many factors but in general if you looking to hunt more pips then u need to swim with trend direction

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

FXOday posted:
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

Its been quite a long that I am trading still never felt comfortable to ditch the trend...

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.

AliaDare posted:
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.

I think following trends is very useful for the new traders.

SteveHanks posted:

AliaDare posted:
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.

I think following trends is very useful for the new traders.

Of course, not only new traders but also old traders benefit a lot by following the trend.

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.