Foreign exchange manager strategy:Reverse position bottom and top
The textbook says: It is strictly forbidden to build a position against the trend. But it does not mean that you should not open a position against the trend in any trading environment. In long-term foreign exchange investment, it is correct to open a position against the trend at historical lows and historical tops. It is not wrong. Instead, it is a rare opportunity to make big money. At this time, it is strictly forbidden to go against the trend. The concept is rigid and poorly understood. If you don't go against the position at this time, you will lose the scarce opportunity to open a position!
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