Looking for the Grail for Forex
In life, you often encounter people who spend countless hours searching for the secrets to a comfortable existence.
They believe that all successful people simply know what allows them to earn a lot of money easily, and that honest work alone can't achieve anything.
Many such people also turn to Forex, where, after several unsuccessful attempts, they also begin hunting for secrets to making money.
In the exchange, these secrets are often called the Holy Grail—that is, the thing that, if possessed, will allow you to earn money without possessing a talent for trading or the necessary knowledge.
Moreover, this topic is more relevant here than anywhere else, and for good reason: truly successful trading is often based on some secret knowledge.
What is the Holy Grail in Forex trading?
• Advisors are the most favorite option for a novice trader, since there is nothing easier than buying or Download a Forex advisor and only then calculate the profit received.
Unfortunately, it's virtually impossible to find a robot that will trade for a long time without losses. To make money, a perfect money management system must be used.
Therefore, trading even with the best advisor can't be called the Holy Grail.
• Strategies – success in any business is unthinkable without the right strategy; in fact, it's already half the battle.
Perhaps there's an ideal strategy for Forex trading that could be that Holy Grail?
Unfortunately, no. Besides the fact that any strategy requires a certain level of preparation, it also doesn't always produce 100% results; trends don't follow rules and can be unpredictable.
So what can provide that 100% result, and how do people make billions?
• Insider information is a not entirely legal way to make money, involving the use of hidden information that will affect the exchange rate.
Imagine learning about a change in the key interest rate or the introduction of sanctions against a country before they are published in the press. This allows you to enter the market at the most convenient time and earn before everyone else.
Insider information can be called the Holy Grail of Forex trading, but unfortunately, only the powerful have access to this information. Criminal cases are constantly being brought against traders who use this method.
All you can do is try to guess certain news items based on assumptions and analysis, thereby increasing your chances of success.
Therefore, I would like to advise those who are still searching for the Holy Grail: do not waste time searching for it, but rather use this time for study and practical trading; believe me, this will bring much more benefit.
