Reversal trading with FX cannot make money unless you time it to the market; trend-following trading is designed to profit more as the market moves in its direction
FX traders love contrarian strategies
In fact, even overseas traders often trade contrarian investments
Skilled traders don’t necessarily make money by following the trend
What really grows the account is continuing to follow the trend
There are people who can make good money even with contrarian trading
However, with contrarian trading, you must continually adjust to market timing
and keep trading, cutting losses, and taking profits
If you do that, beginners and intermediate traders will also lose
People who can control the market well can profit from contrarian trading, but
in reality, many traders are better at following the trend
The reason is
With contrarian trading, you must watch the market timing
with trend-following trading, profits grow the more the market advances
In practice, it’s easier to extend profits with trend following
Just stop the habit of locking in profits too quickly
In trend-following trading, stop-losses are relatively easy to implement as part of the trading style
And when a trending market arrives, a market where the losses you cut become profits more easily emerges
In reality, the FX market
is driven by contrarian markets to sway the market
And then the main trend market is born afterward
Therefore, engaging in trend-following is an extremely essential trading strategy for FX markets and capital growth
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