| As seen in this technical analysis video, the contrarian strategy in trading the Nasdaq is supported by the high profit vs. risk ratio. The technical logic is also there inside the trading suggestion (long on Nasdaq futures based on the daily chart). Going against the crowd while investing or trading may be risky since the consequences are typically unknown. True, a contrarian investor or trader stands to profit handsomely if their forecasts are correct and the market moves in their favor. When investing or trading, it's critical to discern between actual contrarianism and being opposite for the sake of being contrary. Instead, it is a disciplined and intentional investment and trading strategy based on the assumption that specific companies or asset classes are being mispriced by the market. See https://www.forexlive.com/technical-analysis/nasdaq-futures-technical-analysis-a-contrarian-long/ |
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
Tags: Featured,newsletter
