Morning1234
Private, 1st Class
- Messages
- 67
Sometimes I trade against the trend, sometimes with it. I use levels, probably everyone uses it.
I agree that it doesn't really matter how you trade. But for new traders who are still learning the ins and outs of the Forex market, it's only safer to go with the trend when placing your trades. It can boost your confidence and you'll get to learn from how experts do their trades. Once you improve and become an expert, you'll know how to make profits by going against the trends.There are no rule for trading with trend or counter trend. If you are trading against trade you should define the reversal zone and price pattern before rerveral. It's very important to manage your risks and know what we are doing.
I heard such an opinion from a single trader at a meeting at the club. He could not understand that the trends sometimes end. And sometimes there is no tendency. Therefore, traders use different approaches. Against the trend, you can open a trade with a small stop, and along with the trend of the foot is always large.Trends are very important to follow. As we can see market is pretty unstable and a lot of political or economic situation can influence it so if you don’t know what to follow or you don’t have a strong sense of market yet, it just doesn’t make sense to go against the flow.