MBG Markets:Foreign exchange market chasing trading strategy

"Behind luck is always supported by one's own efforts. Once one relaxes, luck also slips away." This is from Taiwanese writer Roland's "Contentment.".
In the misty and unpredictable worldforeign exchangeMarket chasing trading is not an attempt to buy high or sell low, but if it is indeed the case, it is only a matter of luck rather than technology. In addition, under market conditions with small fluctuations and no clear trend, this type of trading often disappointingly suffers from double losses. But in the obvious trend stage, the market chasing trading strategy will allow you to enter the market when it is very close to the high and low points, thereby obtaining some meaningful solid profits in both directions of the market.





Unless someone can discover a better trading method for non professional speculators(But this day may never come)The market chasing strategy and betting on the most likely successful transaction(A "Best Gambling" Position)Perhaps it is the best method for reasonable trading.
It is evident that one of the essential conditions for obtaining high profits is the ability to hold positions consistently during most stages of market fluctuations, regardless of whether the period is several months or longer. This is much easier said than done.
There are many reasons why we close our positions too early, such as the narrow stop loss limit causing trading to be cut off by the market, or closing our positions due to boredom, impatience, or nervousness. In addition, a common psychology in dynamic markets is that the view of having the upper hand before the market turns upward is usually bearish, while the view of having the upper hand before the market turns downward is bullish. They said, "People who profit will not go bankrupt."MBG MarketsThe view is: "People who only make small profits in obvious trend markets will not get rich." Most people have experienced this, and we have made small or moderate profits. However, soon after, the market experienced a major trend change, but at this time, we have no position and can only watch from the sidelines.
Livormer once said, "People who can make accurate judgments and stick to their own judgments are different. I find this to be one of the most difficult things to learn in the world. But only when a market operator firmly masters this skill can he make big money. A trained trader can earn millions of dollars, which is much easier than someone who knows nothing about trading to earn hundreds of dollars." SoMBG MarketsSuggestion: If for any reason you no longer hold a market chasing position and the trend direction remains unchanged for the next two days, then you should hold that position again. No matter whether the price at this time is higher or lower than the price when you exit the market, it will not have any substantive relationship.





There are many different strategies for re entering the market. You can entrust to re-enter the market at market price and stop loss when the value exceeds your exit price(For long positions)Stop loss when the value is lower than your market price(For short positions). Alternatively, you can use short-term entry strategies. Comparison with closing price4Day, control9The simple moving average of days can also effectively help you regain a good market chasing position. When re entering the market, do not forget to establish a protective stop loss order, which will be issued based on the stop loss strategy you adopt.
We know that the simplest way to control risk is through stop loss, and the quality of stop loss execution determines your trading discipline. The quality of trading discipline directly affects your trading success rate and yield. If one day, one of your arms is bitten by a huge crocodile, do you choose to fight him or give up one arm and escape? In the foreign exchange market, we often encounter crocodiles and are often bitten on the arm. At this time, we need a hero to cut off their arm to protect ourselves!