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Monday, June 7, 2010

Even Super-Spies are Part of a Team

When considereing Forex Patterns and Probabilities, those who use multiple techniques, without any personal prejudice end up winning more often than not. Most Forex traders on the 85/15 loss column get attached to a style that they think is their own. The most real and actionanable techniques are based on what actually is going on--not what you think is going on.

 This is how super successful traders think--they take themselves out of the game. They rely on training and objectiovity--not hunches--to succeed.
 They exit a trade in a timely way, remembering at all times, "pigs get fat, hogs get slaughtered."


Most Forex "scams" that are actually about trading strategies and making money from currency trading--and not just a Madoff-like smoke screen for a Ponzi scheme--are single system analysis methods that send "signals"--to a laptop, or cel phone--suggesting a good trade. They are blind systems, since the alogorithm doesn;t know what news is driving the changes.

This is why any successful trader is part of some kind of team that increases the available real world knowledge for making decisions.

This simple fact is so important that it is used as a plot element of tom clancy novels such asExecutive Orders (Jack Ryan)Tom Clancy's Splinter Cell Conviction
and others involving "Jack RYan's" son.

If you can learn to objectively slice just a few pips out of a month's currency flow, you will be wealthy.

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