| If you want to make big profits from currency | | | | markets are extremely over bought or oversold, you |
| trading, you need to lock into and follow the | | | | can be in right at the start of the trend for maximum |
| longer-term trends. | | | | profitability. |
| “The art of contrary” thinking is one of the | | | | In any currency you look at - The Yen, Euro, British |
| most powerful tools a trader can use, and is a trait | | | | Pound Swiss Franc Canadian or Australian dollar and |
| with which all true great traders are familiar with. | | | | many others, there are always occasions where a |
| What is the Art of Contrary Thinking? | | | | currency trend in the news is forecast to continue, |
| Humphrey Neill’s book, "the art of contrary | | | | due to overwhelming evidence in its favor and it then |
| thinking,” the best known work on the subject, | | | | promptly collapses! |
| is based on a simple powerful idea that: | | | | Big profits from currency trading can therefore be |
| "When everybody thinks alike, everybody is likely to | | | | made by using the art of contrary thinking when the |
| be wrong" | | | | market is extremely bullish or bearish. |
| “The art of contrary” thinking consists in | | | | Why? Because everyone who has bought has taken |
| training your mind to ruminate in directions opposite | | | | positions and there are no buyers left. Prices have |
| to general public opinions; but basing your opinion in | | | | moved away from fair value. When there is no more |
| the light of current events and human behavior”. | | | | buying to enter the market, a trend change is |
| Why Contrary Trading Works | | | | imminent. |
| By spotting situations when the consensus of a | | | | It is clear that to succeed and make big profits in |
| currency is either extremely bullish or bearish, means | | | | currency trading you need to think independently of |
| that a trend change is imminent, as it is likely the | | | | the majority at important market turning points. |
| emotions of greed and fear have pushed prices too | | | | You can make big profits in currency trading from |
| far away from true value. | | | | trend following, but you can with a little practice spot |
| If you can step aside from the crowd and take a | | | | potential turning points in currencies as well which will |
| contrary view at these turning points, you can make | | | | help you bank profits, tighten stops or open new |
| big currency trading profits. Contrary thinking can be | | | | trades right on the turn, for maximum profitability. |
| used in any market and is highly effective in | | | | Contrary trading will not only make you big profits in |
| currencies. | | | | currency trading but in ANY market and has worked |
| Contrary thinking can be used to make really big | | | | for centuries, as human nature never changes. |
| currency trading profits and if used selectively, when | | | | |