Being a contrarian in trading is not enough ...Middle East

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Being a contrarian in trading is not enough
BEING A CONTRARIAN IS NOT ENOUGHIn trading you generally hear that to make money you have to be a contrarian. This is a half-truth. You need to be an independent thinker. You shouldn’t be a contrarian just for the sake of it.There’s a famous saying “60 million Frenchmen can’t be wrong”. This is based on the idea that the crowd is collectively smarter than any one individual. Therefore, you can follow the herd (the trend) as long as there are reasons to do so, but you need to look out for signals that can change the picture and reverse the trend. That’s the contrarian part.Soros once said that he was considered a contrarian. He added though that he was very cautious about going against the he

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