Holy Grail Does It Exist?
Holy grail have been a very big question asked by traders for decades.
Traders have different view about holy grail; what of you?
1 Some People call a system holy grail if it makes 100 percent win every time with no single loss
2 Others call a system holy grail if it makes MORE winning than loss every time
Well, everyone can tell from different view; let’s talk on different views of traders.
1 PEOPLE CALL A SYSTEM HOLY GRAIL IF IT MAKES 100 PERCENT WIN EVERY TIME WITH NO LOSS.
Very funny, how is it possible to make money in trading without any loss?
Starting from your first order, a spread will be removed and if you close immediately is it a loss or profit without the tick
That is definitely a loss.
EVEN HIGH FREQUENCY TRADERS make few losses but make endless wins to cover their small loss.
Forex Trading is like a business where you will need to risk, invest, manage, lose and gain.
So why will anyone say Forex will always make you pips and no loss.
The richest man in the world now is Bill gates (at the time of writing this article), If you are investing in the shares of
Microsoft are you saying there won’t be ups and downs? Think about it.
Have you forgotten Big banks that have a lot of money in this Business.
Think of this if you have 69 percent of shares in a stock don’t forget you are the main controller of the share, when you
sell, the stock falls and when you buy the market moves up.
So why should a retail trader say he will be 100 percent perfect.
Think about news trading, do you think some traders are not seeing the numbers before you do.
Interesting business, some people have got the data before you do, so why wasting your time interpreting.
That is the reason some brokers spike the market up and down before this economic movement to prevent retails
traders from making profitable trades trading news.
Think about this again, while 99 percent of traders make use of internet connection to place trades or check economic
data, what of the remaining 1 percent making use of high speed connections.
So as a trader never expect that you will always win.
The market does what it wants to do and a tried and true strategy, no matter how well it tests out, will still give you some
Let’s talk about the second school of thought
2 OTHERS CALL A SYSTEM HOLY GRAIL IF IT MAKES MORE WINNING THAN LOSSES EVERY TIME.
Yea, but think about these questions –
Can you have more wins than losses, of course.
Can you have more wins than losses and still be dollar negative?
That’s because the Holy Grail lies in how well you manage your money.
The secret of successful Forex traders is that they manage their losses.
They know what they stand to lose for every trade they take.
That takes the stress out of trading. There are no surprises if you know what is at stake each time you enter a trade.
THE TRUTH IN FOREX TRADING IS THAT YOU CAN MAKE REAL MONEY;
I MEAN ENDLESS PIPS AND ENDLESS LOSSES.
It all depends on your context I mean (believe, rules, philosophy, choices, thoughts, fears, attitudes, doubts) to any
A trader may use only an indicator to make pips and when you try the same indicator you fail.
It is not about the trading systems sometimes, it is about you.