faical93
05-28-2017, 21:27
There is no way around the risks inherent in trading counter to the prevailing market action. All we can do is reduce
the risks as much as possible by using the tools available. Happily, there are ways to do this.
First, always be aware of the longer-term picture. If the market you are planning to trade is in the middle of a strong
trend, going against that action is probably one of the quickest ways to lose money. Wait until the momentum starts
to ease; this will reduce your chances of getting caught on the wrong side of a breakout.
the risks as much as possible by using the tools available. Happily, there are ways to do this.
First, always be aware of the longer-term picture. If the market you are planning to trade is in the middle of a strong
trend, going against that action is probably one of the quickest ways to lose money. Wait until the momentum starts
to ease; this will reduce your chances of getting caught on the wrong side of a breakout.