Looking for the Grail for Forex
In life, you often come across people who spend a huge amount of time searching for the secrets to a comfortable existence.
It seems to them that all successful people simply know what allows them to earn money easily and a lot, but nothing can be achieved with honest work.
Many such people come to Forex, and after several unsuccessful attempts they also begin to hunt for the secrets of making money.
On the stock exchange, these secrets are often called the Grail, that is, a thing the possession of which will allow you to make money without having the talent for stock trading and the necessary knowledge.
Moreover, this topic is more relevant here than anywhere else, and for good reason, truly successful stock trading is often based on some secret knowledge.
What is the Grail of Forex trading?
• Advisors are the most favorite option for a novice trader, since there is nothing easier than buying or download advisor for forex and then just calculate the profit received.
But, unfortunately, it is practically impossible to find a robot that will trade for a long time and without losses; in order to make money, a perfect money management system must be used.
Therefore, trading even with the best advisor cannot be called a real Grail.
• Strategies – the success of any business is unthinkable without the right strategy; in fact, this is already half the battle.
Perhaps there is some ideal strategy for trading on Forex , and it is this that is the very Grail?
Unfortunately, no, besides the fact that any strategy requires a certain level of preparation, it also does not always give 100% results, the trend does not obey the rules and sometimes is not predictable.
What can give that same 100% result and how do they earn billions?
• Insider information is a not entirely legal way of making money, involving the use of hidden information that will affect the exchange rate.
Imagine that you learned in advance about a change in the discount rate or about the imposition of sanctions against a country even before they were published in the press.
Thanks to this, you will be able to enter the market in the most convenient place and earn money before everyone else. It is insider information that can be called the very Grail for Forex trading, but unfortunately only the powerful have access to this information.
And criminal cases are constantly brought against traders working under this scheme. And you can only try to guess some news based on assumptions and analytics and thereby increase your chances of success.
Therefore, I would like to advise those who are still looking for the 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.