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    the consensus is either extremely bullish or bearish, then a trend change is imminent, as it is likely the emotions of greed and fear have pushed prices too far away fr
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    The art of contrary thinking is one of the most powerful tools a trader can use, and is a trait with which all true great traders are familiar.

    What is the Art of Contrary Thinking?

    The art of contrary thinking consists in training your mind to ruminate in directions opposite to general public opinions; but basing your opinion in the light of current events and human behaviour.

    Humphrey Neill’s book, "the art of contrary thinking,” the best known work on the subject, is based on the simple yet powerful idea that:

    "When everybody thinks alike, everybody is likely to be wrong"

    Why Contrary Trading Works

    By spotting situations when the consensus is either extremely bullish or bearish, then a trend change is imminent, as it is likely the emotions of greed and fear have pushed prices too far away fro

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    Contrary Thinking?

    The art of contrary thinking consists in training your mind to ruminate in directions opposite to general public opinions; but basing your opinion in the light of current events and human behaviour.

    Humphrey Neill’s book, "the art of contrary thinking,” the best known work on the subject, is based on the simple yet powerful idea that:

    "When everybody thinks alike, everybody is likely to be wrong"

    Why Contrary Trading Works

    By spotting situations when the consensus is either extremely bullish or bearish, then a trend change is imminent, as it is likely the emotions of greed and fear have pushed prices too far away fr

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    nion in the light of current events and human behaviour.

    Humphrey Neill’s book, "the art of contrary thinking,” the best known work on the subject, is based on the simple yet powerful idea that:

    "When everybody thinks alike, everybody is likely to be wrong"

    Why Contrary Trading Works

    By spotting situations when the consensus is either extremely bullish or bearish, then a trend change is imminent, as it is likely the emotions of greed and fear have pushed prices too far away fr

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    simple yet powerful idea that:

    "When everybody thinks alike, everybody is likely to be wrong"

    Why Contrary Trading Works

    By spotting situations when the consensus is either extremely bullish or bearish, then a trend change is imminent, as it is likely the emotions of greed and fear have pushed prices too far away fr

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    the consensus is either extremely bullish or bearish, then a trend change is imminent, as it is likely the emotions of greed and fear have pushed prices too far away from true value.

    This is evident in such events as the 1987 stock market crash.

    Here we have a short-term, self-fulfilling prophecy. When the change occurred, everyone changed his or her mind at once, causing a huge move.

    Of course, if you can step aside from the crowd and take a contrary view at these turning points you can make big profits.

    Why Contrary Thinking will always be Valid

    While Humphrey Neil's work, "the art of contrary thinking,” (published in 1954), is the most famous book on the subject, there existed a century earlier a book on contrary thinking.

    Charles MacKay’s book, "Extraordinary Popular Delusions and the Madnes

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