The Coveted Forex Holy Grail System

There is a term in forex trading, coined the holy grail system. If you haven’t heard of it before, you are lucky and steer clear from anyone who says they have the ‘holy grail system’. It’s what the majority of forex traders are looking for, the holy grail trading system, that produces no losses and only winners. A trading system with a 100% win rate (or close to that) with zero draw downs. The ultimate of the ultimate trading systems. In essence a license to print money at will. Wouldn’t that be the life? 😉

It’s a really big secret in forex (hush hush now) and no one wants to tell you what it is. Everyone is looking on the outside for the answer to their trading woes, and that’s where it’s all wrong. The answer lies within. I’ve seen traders take a perfectly profitable system and turn it in to a losing one. And on the flip side, I’ve seen traders take a profitable system and turn it into an even more profitable one. What’s the deal?

Let me tell you the real secret. You are the coveted holy grail of your trading. *ttaaddaahhh!*

Everyone views the market differently. My edge isn’t your edge. And vice versa – your edge isn’t my edge.

It is possible to make it in this game. (Can you live off forex trading? – a definite yes!)

So focus on yourself. Keep learning, pushing your knowledge. Keep questioning. Find people who have been there and done that, genuine mentors who can nudge you in the right direction. Be aware of your limitations and strengths. Be able to remove your ego and accept that your trading results are a direct results of your choices, no one else’s. You’ll know when you’re on to something good and when you’ve found the right trading system.

You’ll need the foundations to increase the chance of success, such as the; Goal(s) + Self Discipline + Feedback Loop.

To success,

Robin

Goal(s) + Self Discipline + Feedback Loop

Hello my people!

Apologies for the radio silence, it’s been about a month since my last post.

Displacement would be the word for the past month. I have traveled for work & leisure to Hong Kong, Indonesia, Malaysia, Portugal, Singapore, Taiwan, Thailand, the United Arab Emirates, the United Kingdom and Vietnam. At the time of posting, I am currently in Italy.

Today, I wanted to talk about achievement, momentum and reaching your goals. I see many people float around, talk about their dreams/ambitions and waste a great deal of time by keeping themselves ‘busy’ with useless time filling tasks which (at times) they deem important. Most of this wasted time are on things that make them feel ‘important’ or busy. Being busy or feeling important, doesn’t equate to achieving goals or success.

Time is our greatest asset (or for us forex traders, time is our greatest currency). Spend it wisely it. We’ll never get the past minute, hour, day, week, month or year – no matter how much money we have.

Goal(s) + Self Discipline + Feedback Loop = Achievement Momentum

Goals: What do you want to achieve in life?

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Self Discipline: I know this is word is thrown around a lot, especially in self help books. But, it is required to achieve anything of value.

Self discipline for me, is the ability to get up and focus your actions on getting closer to your goals. Even on days when you don’t ‘feel’ like it or are not as motivated.

Just imagine, you worked on your goal every day for one (1) year, that’s 365 days. The chances are you’d achieve a feat of value to yourself or in the process learnt something of value. Most people can’t even do this for a month. You could be focus on anything, eating no desserts, exercising, reading, learning a new skill, back testing your trading system, the list is endless.

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Feedback Loop: What is this loop you speak of? Well, it’s rather simple. You need a form of feedback (loop) when you are working and actioning towards your goal. If not you may be repeating the same actions over and over again, and getting the same results but not closer to your goal. (There is a huge difference to persistence and stupidity.) Hence the feedback loop, you need to know that your actions of discipline are getting you closer or are actually beneficial to your goal. This is where self awareness comes to play, being aware and measuring the effectiveness of the actions. Plus or potentially even better a friend or a mentor who can guide you from pitfalls, time wasting ideas, provide motivation, or just some general advice.

Goal(s) + Self Discipline + Feedback Loop = Achievement Momentum

Momentum is key to achieving anything in life. You don’t have to be ‘busy’ all the time, you have to be effective.

To our success,

Robin

Insanity: doing the same thing over and over again and expecting different results.