The Forex Holy Grail – Does it Really Exist?
Written by Forex Trading on May 25th, 2009
If there is one thing I can change about the forex community, it would have to be the fact that seemingly every trader in the world is looking for the infamous holy grail. I really wish traders grew out of this mindset. It's rather ridiculous when you think about it.
People think that there is something out there that will NEVER lose and you could become rich overnight just by trading it. Let me put an end to this right now. THERE IS NO HOLY GRAIL!!!
Sorry I didn't meant to shout. But sometimes I get so frustrated with traders. They somehow feel like there is something that they can just slap on their charts that will unlock the key to the greatest secrets of technical trading. It's absurd.
This is the reason why you have so much garbage being sold nowadays. If I had a dime for every magical indicator out there that will tell you exactly when to buy and sell, I'd have more money than Bill Gates.
This "holy grail" syndrome is exactly the reason why so many traders spend thousands of dollars on trading robots, that will essentially trade the markets for you. Does this not sound ridiculous to anybody else???
If the markets could be programmed, then why would anybody on wall street even go to work? They can just hit the "play" button on their trading robots and go to the beach instead.
Please don't fall for anything that claims to be the holy grail. Better yet, just get the idea out of your mind. You'll be a lot more successful in trading, once you put these ridiculous myths out of your head.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He developed his own course, called Trading in the Buff, where he shows you how to get a real forex trading education. Article Source:http://www.articlesbase.com/currency-trading-articles/the-forex-holy-grail-does-it-really-exist-933942.html
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