Most failing traders use contrarian (mean-reversion) strategies, opting for trending strategies with unstable but higher returns over stable daily results
Most losing traders use contrarian trading
It's the same on trading ranking sites or anything like that
It tends to manifest in a way that resembles absolute values
Even those who love trend-following trades
when a strong trending market stops appearing at all, they want to use contrarian averaging down
Basically, the FX market tends to push toward "contrarian averaging down is the correct approach" and "if you use contrarian averaging down, you can profit"
and the market tends to operate that way
Many markets are designed to trap traders in that manner
Therefore, blindly following the trend with no thought at all ends up yielding profits far more reliably in the end
Because as a result of careful consideration
a trading strategy that analyzes the market's ups and downs and uses contrarian averaging down
is more excellent
Indeed, I would surely applaud as if that's the perfect solution
However, the majority of people cannot handle contrarian averaging down effectively
Because they simply cannot cut losses in a strongly diverging trend using contrarian averaging down
And even after they cut losses, profits don't continue
So if you shift to doing trend-following
And once you become accustomed to it, you can continue to profit
and survive
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