Peculiarities of the Forex trend strategy
Statistically, the markets consolidate 75-80% of time and grow/fall 20-25% of time. No doubt, all is individual. For example, S&P 500 has been rising for a few years in a row while oil traders regularly go hot and cold. Still, looking at the cheerless hesitation of EUR/USD in 2019 and its swift collapse in January-February 2020, one starts thinking the statistics is right.
Obviously, different market states demand different trading strategies. The “trend is your friend” principle has been particularly popular this year. Trend hunting has already yielded big money, but not going...
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