Fade the Breakout (Part 3)
Retail traders like to trade
breakouts.
The smart minority, the
institutional, more seasoned traders, prefer to fade breakouts.
The smarter forex traders take
advantage of the collective thinking of the crowd or inexperienced traders and
win at their expense. That is why trading alongside the more experienced forex
traders could be very profitable as well.
Which would you rather be part of:
the smart minority that fades breakouts or the losing majority that gets caught
in false breakouts?
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