FOREX trading example with Vic Noble - April 22, 2011

Trend vs Counter-Trend? Which One is Best?

Weve all heard the expression, "the trend is your friend". And its true, trend trading is very powerful, and obviously a good approach to trading. (For day traders, thats what the "vic" trade is that I teach).

So does that mean that counter-trend trading is no good? Absolutely not! There are some extremely good counter-trend trading techniques that are quite simple to learn, and that can generate very nice profits consistently. The main strategies I teach for these trades are divergence and of course the London Close strategy.

Some people prefer one over the other, which is fine, but they definitely both have merit, and todays video will show an example of each type of trade: