There is no particular problem with not training your eye for the market with FX; as long as you’re trading in the direction of the trend, there is no issue.
There are many people who talk about market outlooks in FX
Those people are skilled at talking about the market with words
At first glance, such people seem like “great professionals,” but
in reality they are describing market theory as an ideal
Because they convey their view of the market attractively
when they actually practice trading in real life
they often make fairly basic mistakes such as “unable to cut losses with contrarian trades” or “hesitant to cut losses.”
This happens quite often
Because market theory is not a method that can be sublimated into reality
it is always an ideal when talking about the market
However, the know-how that can actually be used in trading
is, after all, reality and reality only. It is not talked about as an ideal
If you spoke in terms of ideals, you could make contrarian averaging profitable
But if you face reality, you’ll understand that
in reality, the trades that can actually make money and grow are the ones that win
What this means is that trend-following is actually easier than contrarian trading
Indeed, a trader’s strengths and weaknesses vary
but in reality most traders “can’t cut losses.” The overwhelming majority hesitate to cut losses
Because no one wants to take a loss
So the idea is to make the trading method handle the cutting of losses for you
That is how you engage in trend-following in a trending market
In FX, what matters most is a strategy that can increase profits
Rather than market theory, what matters is how well you can implement trend-following in a trending market
※ For those who want to keep earning in FX, click here ↓
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