Smart and profitable traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. Stock and forex traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new traders will try and fight the trend.
Saturday, January 25, 2014
Forex whipsaw chart
Traders should be aware of its danger because a whipsaw may throw up an initially misleading this chop can be very hard to trade and not for the new trader. The chop is a strugle between buyers and sellers.