If you want to make a big profit from currency trading, you have to lock in and follow the long-term trends.
Thinking “The Art of Opposition” is one of the most powerful tools a trader can use and a trait is known to all true big traders.
What is the Art of Conflicting Thinking?
Humphrey Neill’s book, “The art of opposing thinking,” the most famous work on this issue, is based on the simple, powerful idea that:
When everyone thinks the same, everyone tends to be wrong
Thinking “The Art of Instead” consists of training your mind to contemplate the direction that is contrary to public opinion, but basing your opinion in the light of current events and human behavior “.
Why Conflicting Trade Works
By looking at situations when the currency consensus is very bullish or bearish, it means that a change in trend is imminent because the possibility of greed and fear emotions has pushed prices too far from their true values.
If you can get away from the crowd and take the opposite view at these turning points, you can make big currency trading profits. Opposing thinking can be used in any market and is very effective in currency.
Opposing thinking can be used to generate huge trading profits and if used selectively, when the market is overbought or oversold, you can be at the beginning of a trend for maximum profitability.
In whatever currency you see – Yen, Euro, British Pound Swiss Franc, Canadian or Australian dollar and many others, there is always a chance that the currency trend in the news is expected to continue, because of a large amount of evidence supporting it and then it immediately collapses!
Therefore, large profits from currency trading can be made using the art of thinking otherwise when the market is very bullish or bearish.
Why? Because everyone who has bought has taken a position and there are no buyers left. Prices have shifted from fair value. When there are no more purchases to enter the market, a change in trend is imminent.
It is clear that in order to succeed and make big profits in currency trading, you must think independently of the majority at important market turning points.
You can make big profits in currency trading from following trends, but you can with a little practice find a turning point in the currency that will also help you get bank profits, tighten stoppages or open new trades right on the turn, for maximum profits.
Opposite trading will not only make you a big profit in currency trading but in ANY market and has worked for centuries because human nature never changes.
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