What Holy Grail really means in Forex?(Need experienced traders comment) - Page 2
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Thread: What Holy Grail really means in Forex?(Need experienced traders comment)

  1. #11
    Quote Originally Posted by ;
    I do not really understand what exactly does your concept of trading really means? What does the notion of trading roughly include? Can it be fundamentally of why folks sell or buy a currency? Can it be I need to know news occasion (or speculation)? Can it be I need to know supply demand of economy?
    Trading is basically a mindset, so it is not about fundamentals, technicals, demand and supply, or even the market/instrument being traded. Understand the basic concept of 'trading' and the rest will follow more easily. Without that understanding and mindset you are unlikely to do much more than tread water in the best.

    Read some thing such as 'Trading in the Zone' and see whether your perspective changes. You won't find some egies, egies, or even magic indiors in the book but it must give you everything you need to help your own progress.

  2. #12
    Currency Market . . Success key is - MM (no longer then 0.1 percent), trend following system and great attitude. :]

  3. #13
    Is there really a Holy Grail for trading Forex? If you're referring to finding a egy that will bring you untold riches again and again, the answer is NO. That is because every egy works some of the time. So does flipping a coin. The market does what it wants to perform and a tried and true egy, however well it checks out, will still give you losses. Can you have more wins than losses, of course. Can you have more wins than losses and be dollar negative??? Absolutely.

    That is because the Holy Grail lies in how well you manage your cash. It is something that mentors rarely give much credence to and that is as a new egy always sounds sexier than solid cash management. Selling money management is similar to telling a teen to wear sturdy shoes rather than the newest crunch-your-toes pointed models. Those sturdy shoes simply don't sell as well.

    The secret of successful Forex traders is they manage their losses. They know what they stand to lose every trade they take. That takes the strain out of trading. There are not any surprises if you know what's at stake every time you enter into a trade.

  4. #14
    In very simple terms, Holy Grail means there's an equal likelihood of dropping money and gaining cash as you're trading. It is about trading with the ideal egy to make the most out of it but not knowing the effects of the outcome.

  5. #15
    For me it had been thought up from the traders out there attempting to assisting individuals that wanted a quick fix.

    You may look and look for it, but never find it.

    Trading is extremely hard, you require hard work and hours before the markets watching and learning.

    Ive been fortunate enough to trade with a few of the top traders in the world, and you wouldn't believe how they earn money sometimes!

  6. #16
    There is not such thing as sacred grail in Forex! Best traders loss too , you're not alone, so no holy grail in Forex brother! No egy is more profitable in ALL types of trading requirements. Just because there's no holy grail does not mean that you can not be profitable trading Forex. Most traders are already trading fulltime and even more are satisfied to become consistently profitable. The secret is to control your risk. Since you can not eliminate it, the least you can do is to control it with good risk management.

  7. #17
    Quote Originally Posted by ;
    Hello I know we keep saying there is not any such thing as holy grail in trading. However, what does grail means? Let us put plogy and money management apart . Let us say I am looking for a platform that having 60%-65% accuracy after backtested if for about 300-500 trades or maybe 1000 trades, assuming 1:1 risk and reward ratio. The system should be 100% mechanical principles or at least hardly any discreet involve. With these conditions to get a system that I am looking, am I looking for holy grail? Comment and guie from experienced traders...
    By placing cash management and plogy apart like you state is placing your holy grail apart also. Not one part of trading is a holy grail but working in unison.

  8. #18
    Quote Originally Posted by ;
    The word is relative but if you ask any newbie concerning it, pat would come the answer an automated system which will execute trades in my behalf with 0% loss. .
    Allow me to add my two pennies
    Â
    What newbie?? What 0 What plogy??
    Â
    The guy is asking for a simple thing: a system which affords profits. That is it.
    Any system which may return 55% success rate over several years is Holy grail. Simple yeah??
    That is say 10 percent profitables a year, mechanical, same lots. The best way to handle lots, risk, commission, dirty shoes or pants - your problem. Not Holy Grail problem.
    ÂÂ
    Funny enough I have one in mind ongoing for year....but I lack the area to implement it fully. Too slow. I get dragged in waves and trends and cr.p.
    So good fortune. It is out there.

  9. #19
    There is no such thing as The Holy Grail Forex.

    In addition, it's a mistake to need a system that backtests well for a year (or more) because market requirements vary.

    There may be NO black and white rules for trading and all novices make the mistake of demanding just that.

    If there were black and white rules, don't you think that they would have been discovered by now and everybody would understand them? But think about it - . Your profit needs to be someone else's loss so everybody simply can't win. In reality it is perhaps 90% or more 'beginner' traders that follow conventional wisdom and shed to the 5% who trade in the opposite direction because they don't do exactly the same as everybody else (or else they have the guts to hang on using a massive SL)...

    That said, there's maybe 5- 10 percent who more or less break even and appeal to neither camp but the chances are if they're not making enormous profits they will eventually hit a bad spell and end up losing everything.

    There has been tens of thousands of EAs trading using black and white rules, countless lines composed in forums within the past ten decades or more and you still think the Holy Grail is out there waiting to be found?

    .

  10. #20
    Quote Originally Posted by ;
    There is no such thing as The Holy Grail of Trading... . That said, there's maybe 5- 10 percent who more or less break and belong to camp but the odds are if they are not earning big profits they will eventually hit a bad spell and end up losing everything. There has been thousands of EAs trading using black and white rules, millions of lines written in forums over the past ten years or more and you still believe the Holy Grail is out there waiting to be discovered? .
    ÂÂ
    Yes there is. And over one.Â
    I have one hanging around.ÂSimple black white logic.
    Â
    Regrettably, I am too weak to implement it fully. And to follow. Emotions get in the way....
    But testing it for few years. On paper nice results.
    ÂÂ
    All arguments over are pointless - folks generally lose money. Who gets it - banks and skilled traders. Will anyone just hand out his grail??? Yeah sure.
    What you do not understand does not exist???
    ÂÂ
    Right now I am getting annoyed of work etc and may get severe in my Grail. Will write EA for testing, though I know it is good. That's actually my setback - should I do examine it and confirm my estimate of over 2500 pips annually - I have to kick my ass really hard for laziness. Or if a person enjoys it....
    I am working now on a separate account - but get distracted or scared... Then curse myself. It's that accurate. Â I place some improvements months ago.Â
    Afterward the problems of setting up a new pc, bunch more accounts. No more VPS ofcourse #65532;
    Â
    So I think I will make it appropriate and tested, add few dollars in my account, quit job etc.. Nonetheless, it's the big change that's something frightful. . .work. . .life....so postponing it Stupid.... I might have made thousands.Â
    Â
    Finally I'll quit wasting time.... Will post couple reports when backtest....Go to a tropical island.... And you may never hear of it65532;
    Â
    I bet others discovered their grail and keep it secret. Anyone talk about his?? Nope.Â

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