If you only chase profit, following the trend (going with the market) is the best, and with the trend you won’t betray anything
The most profitable approach in FX markets is contrarian trading, but
the way to grow your account the most is with trend following.
In actual markets, most conditions are ranging,
and it is very common to be swept away by trends.
That’s how severe the world of markets is.
The FX market itself has a relatively high level of difficulty.
If you ask why it’s high,
because you can trade 24 hours on weekdays.
Therefore, you have ample trading opportunities,
and it pairs well with automated trading.
All the intentions of these various traders
transform into market ambiguity.
In an ideal market,
prices would move according to chart patterns and technical analysis,
but in real markets,
they tend not to move that way, and try to avoid such movements.
In reality, the market tends to bend quite easily, you know.
There are quite a few traders who are often called “benders,”
but this is because the market itself does not move faithfully according to technical analysis,
so it’s somewhat inevitable.
Actually, it isn’t just that person bending;
it’s that the market itself does not move faithfully in the first place.
And although the market is mostly ranging,
a trending market eventually emerges,
and it continues to advance with a level of profit corresponding to that period.
That’s really all there is to it.
Because trend following makes it easier to grow profits,
and considering the historical and current markets, there has never been a period without a trend,
so ultimately, trend following is the ultimate approach.
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