The Holly Grail of Foreign Exchange Currency Trading

Traders searching for the elusive holly grail of foreign exchange currency trading always fail to find it. However they do find partially profitable trading.

The Legend of the Holly Grail of Foreign Exchange Currency Trading

Between fact and myth, the holly grail of foreign exchange currency trading has been synonymous with perfect market indicators. Ones that offer maximum profitability and zero long term risk. Essentially amounting to trading where one stands to make money faster than they can count it. So do such indicators really exist? We will never know for sure. People engaging in trading the forex market, have used all kinds of tools and methods for attempting to predict currency rates. Critical thinkers use logic and proven methods, whereas the less critical thinking people use astrology, numerology and all kind of metaphysical tools. Trading online is fascinating and open to many possibilities. But realistically speaking the forex market is not random, such as the lottery draw is. Randomness in the financial markets is much less than it seems. Traders need to be careful when choosing their indicators, because many popular indicators belong to the metaphysical category, and are aimed at the naive out there. Indicators such as Fibonacci numbers and astrological nonsense are sold to real traders out there. And they don’t work. Only Fibonacci theory works once in a while on some charts, and only because too many believers act alike during low volume trading hours. And this illusion of success only keeps the naive Fibonacci believers going. But it doesn’t stop there, more recent pseudoscience today, through various scam products, cites all kind of quantum phenomena. All in an effort to convince people that they can actually heal themselves through the power of their will, and yes, also predict markets. Or more accurately make them move in the desired direction. That’s how far holly grail of foreign exchange currency trading sellers will go… To this day however, risk-less slow winning trading, is the closest traders have gotten to having the Holly Grail.

What If You Had the Holly Grail of Foreign Exchange Currency Trading for One Day

If you did have the holly grail of foreign exchange currency trading, it would be the last trade you would ever need to place. Just one large trade using a high leverage CFD forex trading account, and you would make enough money to retire, in a single day. So it stands to reason that such traders, if they exist at all, only trade for a while, then retire. So be careful next time you choose a forex trading course, and think about what it promises. Are these promises realistic and grounded in logic? If not, then probably that course won’t have any Holly Grail qualities to it. Luckily there is good news, every serious forex trader can realistically benefit from the pursuit of the elusive Holly Grail. Just as long as the pursuit involves non metaphysical indicators. The very act of stretching your skills and efforts to new levels will ultimately make you a much better trader. Eventually, good trading skills will become second nature to you, and profitability will become stable. The very act of searching and testing and being curious, could actually be the real Holly Grail after all.