If you want to survive in the FX market, you have no choice but to master trend following
FX markets offer many scenarios where profits can be made through contrarian strategies, but
in reality, traders who profit from contrarian approaches tend to lose in trending markets
If you check on a trade ranking site, you’ll see that
when a trending market isn’t present, you can make quite a bit of profit
a skilled trader can hold for about a year
but when there are strong trending periods, they really become weak
they end up taking losses that wipe out all the profits so far
every time you think about that
you realize how essential it is to master trend-following
in practice, you must not oppose trend markets
you should make trending markets your ally
in reality, as a trader you should continue practicing trend-following and
by sticking to trading that’s set in fixed notions
you should aim to profit in trend markets
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