Easy profits thanks to the crowd opinion


It has been a nice month and week from a trading's prespective. It was almost the end of the month and the day was friday afternoon. I was not planing to enter any new trades until next month because i already had overacomplished my profit goals. But as i was reading the biggest forex forum i noticed that 100% of the recent comments sudgested sell. This was rare, rare, rare to see all comments pointing to the same direction. I looked into the chart and the price was near the top. I said to my self therefore i buy, its going to break the top. In two hours the market spiked in the driection of my trade and i made bigger profits than for the entire month.

Lesson : Sometimes doing the opposite of what everyone else is thinking might be a good move.

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