Even in a sequence of unfavorable trends, the market is ultimately arranged so that you will surely make a profit
I think the FX market is the market where trend-following works best
FX operates 24 hours on weekdays with holidays off, so
thanks to that mechanism, trend-following works more reliably
Among traders who profit from contrarian methods, there are scalpers and day traders
If you try to profit from contrarian averaging down, you have to trade in a day-trader style
Another method that has been countered and became unusable is
there were contrarian nonting (nob) scalp trades, but
brokers disliked them and implemented countermeasures, so they’re unusable and frozen often
contrarian averaging-down day trading is the most versatile and easy to handle
In reality, it’s something that can generate profits over and over
On trading ranking sites, traders who consistently make profits
most of them use contrarian averaging-down strategies
(Actually, when a trending market comes, you can see such traders’ results collapse in a big loss)
However, trend-following will absolutely appear in the market
That kind of sequence is also linked to how this market, open 24 hours on weekdays with holidays, is handled
From the point where contrarian day trading is yielding comfortable profits
a trending market arrives
And a pattern emerges where the trend continues until just before FX markets close for holidays
At that time, many contrarian day traders suffer
Day traders are also referred to as swing traders
In such a state, this would be a direct trap
Basically, in this case you need to determine whether to cut losses or not, but
that element of "judging" is often not necessary at all
Because that is exactly the right place to cut losses
It’s precisely because this market has been shaped by contrarian trading perspectives
In such times, being able to cut losses makes profits steady via contrarian trading
But only a handful of people can actually do that, so everyone ends up losing here
This becomes the trigger that forms the trend market
Trend-following trading stands out at this time
And as long as profits continue, pushing it until the trend fully ends
In trend-following trading, you can cover a market where you are guaranteed to eventually profit
If you want to keep earning from FX, go here ↓
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