You can never profit in the long run with a contrarian mindset in FX, because you are brainwashed by range-bound markets
Most of the FX market operates in a ranging market.
Looking at the whole picture, a trending market is a momentary event.
However, it is also true that when a trend appears, it can continue moving forward.
With a contrarian mindset, you only implement trading strategies for ranging markets,
so even if you make money, it will only be temporarily profitable.
Once the market starts to move, that mystique quickly collapses.
Once it actually moves
the market does not come back quickly.
Since prices do not revert, losses continue to enlarge.
As losses expand, the profits accumulated so far disappear.
And when the market stops returning to previous levels,
if you do not cut the position and exit as is,
you will not be able to trade as is.
If you try to start trading again,
you will have to restart from the loss cut again,
which effectively creates a trading style that generates infinite losses.
With a contrarian mindset, profits do not remain in the end,
and you will continue to be brainwashed by the ranging market,
so it is better to switch to a trend-following trading approach.
※ If you want to keep earning in FX, go here ↓
× ![]()
