Trading Against the Crowd in Forex
Have you ever thought about how the "Against the Crowd" trading strategy should work in reality?
Have you ever thought about how the "Against the Crowd" trading strategy should work in reality?
We want to share some of our best practices and strategies based on the analysis of traders' open positions. You can use them as a basis for making trading decisions or as an additional signal for an already proven strategy.
Surprisingly, the main reason behind destroyed deposits is not an ill-designed strategy or a harmful money management method, but a trivial lack of discipline among traders themselves.
In this article, we would like to discuss the problem of “secrecy” of the Forex market and help some traders understand certain things they don't seem to grasp.
What is the domino effect? Simply put, this is a chain reaction where a change of one element triggers similar changes of neighboring and subsequent elements in a linear sequence. Now let’s project this concept on the Forex market.
Currency pairs correlation is usually the thing that everybody has heard about before but nobody really knows how to use it properly.
Have you ever asked yourself why price goes up or down, and what makes it do so?
Once, I was monitoring tick quotes movement. The quotes themselves were 4-digit (4-digit is 1.1226, and five-digit is 1.12267). And I noticed one interesting feature that many of you have probably spotted as well:
Forex regularities can improve your trading experience by adding to the stability of your income if you know where to look. But where to find them? And how does one identify a regularity in the Forex market?
Probably, all newbies who step into Forex trading for the first time dream of making good money. But the problem is that they start their journey searching not for profitable regularities, but for a guru who will teach them how to trade.
