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    ​Weak Spot for Proven Trading Tactics

    Abstract:Many traders believe that their trading tactics are invincible, but in fact, it is foolish to blindly exclude other strategies. Here are some common trading tactics.

      WikiFX Strategies (26 Feb.) - Many traders believe that their trading tactics are invincible, but in fact, it is foolish to blindly exclude other strategies. Here are some common trading tactics.

      Trend Following

      Trend traders enter into a trade when the price is trending and exit it if a trend reversal occurs. They have the confidence to earn profits on their trend judgment. However, the market trend wont stay stable for long. This kind of traders could either makes a lot or loses big.

      Countertrend Trading

      Countertrend traders expect to find turning points rather than capture a trend. They sell short when an upside breakout starts running out of momentum, and vice versa. But they will suffer losses once misjudge the changing market.

      Swing Trading

      Swing traders focus on short-term trends (three to four days) and will go short if see a bearish setup. They make money from quick fluctuations in prices, which requires both luck and risk tolerance.

      Day Trading

      Day traders liquidate their positions every day before the market closes, so as to get rid of the impact of overnight news. They must catch spreads within a day, thus they are vulnerable to a quiet market.

      In the face of a changing market, traders with different strategies all have their own weak spots. What should they do? Do not rest on previous tactics, neither hold hope for the market. Keep calm and judge it. Irrational traders will fail first.

      Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years.

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