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Catching Knives - Counter-Trend Trading Strategy
This trading course will teach you a counter-trend strategy, which is very powerful.
Created by Tradimo.
About this course
Counter-trend trading for high potential and low risk
Counter-trend trading is popular among traders due to the high potential and low risk entries. Typically, a trader can enter into a counter-trend trade with a tight stop loss close to the entry, if the trader is skilled at picking tops and bottoms of trends.
Of course, picking the tops and bottoms is hard, and more often than not, traders find that counter-trend trades are simply too difficult – they find that they are 'catching falling knives'.
This strategy is a method that allows you to find the tops and bottoms of trends using a mechanical approach (although there is some discretion using Fibonacci and support and resistance), in order to find strong entry points for counter-trend trading.
Find tops and bottoms of trends
Use advanced Fibonacci methods to find turning points
Combine levels of support and resistance to find the strongest price levels
Perfect trade management using precise limit orders
Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. The educational content on Tradimo is presented for educational purposes only and does not constitute financial advice.