The reason FX is better to follow the trend only, and the reason you can keep making profits by not thinking about counter-trend at all
Following the trend yields more profit
In the end, profit is what matters
Having bigger profits than losses is what keeps you alive in the end
The market
Should be considered with a strategy to survive
Rather than just a strategy to earn
Counter-trading cannot keep you alive
With a contrarian mindset, you inevitably
become weak in trending markets
Because real profit comes from range-bound markets only
The same goes for the trend-following mindset
Real profit comes from trend markets only
However, with a contrarian mindset that only trades ranges
Even if you make profit every time, when a trending market appears you won’t revert back
In other words, you end up taking losses in the end
Exposing all past profits and taking losses
In the case of a trend-following mindset, the opposite happens
You continuously incur losses
Until you finally win
For survival, this approach is more correct
It’s better to have only a surviving strategy that yields profits in the end
※ If you want to keep earning in FX, click here ↓
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