How to Make Money Forex Trading in Any Market Condition




The forex market. Any other market for that matter, behaves in either one of three ways: trend, breakout and counter-trend. The many forex courses I've taken usually teach you very good techniques to exploit trading opportunities within a particular trend or breakout pattern.

Depending on the forex course you take, your enter and exit strategy will have a lower or higher success rate. However, regardless of the winning trades percentage you may achieve with any of the traditional forex courses and strategies, you'll always be bound to trends and breakout patterns.

The only problem with these strategies is that they leave out the biggest piece of the pie: the counter-trend. As you know, the forex market runs 24 hours a day and within that period you may have just one or two (and in some cases zero) good trading opportunities, as you've to wait for a trend or a breakout to form, thus making it's impossible to profit from the market when these patterns are absent.

Therefore, the key to increasing your chances of making profitable trades everyday. Therefore achieving the consistency is necessary to really make money forex trading, is having the training and know-how to interpret and take advantage of the market when it's on counter-trend status.

There are many trading tools and resources that have proven reliable enough to help you achieve consistency in any market condition. If you like to manage your trades on your own or you're among those…






Source by Richard Ackerman

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