We are all familiar with the that distinct phrase “HOLY GRAIL” else we won’t be reading this post right now. It is almost as the forex market itself. Spanning decades of vigorous search for that system that registers 99% wining trades with no hassle stress or brainwork involved. Despite the fact so many articles have been written that no such system exists the search for the Holy Grails still remains. I cant help but notice how many traders are viewing Forex Systems on Forex Factory every time I login to the website.
I thus decided to do a small online research the Holy Grail and came out with an obvious results. Nevertheless, I decided to share my findings and see what the traders here have to say about it.
According to Wikipedia here are the conditions that defines a perfect market
Here is what www.answer.com has to say about a perfect market.
And http://www.lse.co.uk/financeglossary...perfect_market
Having said this, I think I wouldn’t be wrong to conclude that the Forex Market is close to being a Perfect Market. Notwithstanding this definitions all share one key feature that makes it difficult for the existence of the Holy Grail. And that’s the fact that;
No participant has the market power to set prices
For me, this can be rephrased as no governing power/principle over the market. I may be wrong but I can’t help how much indicators have been developed for the forex market it should be in the hundreds of thousands. Yet even with this knowledge at the back of my head, I still often fall victim to Glamorous thread titles such as
100% PROFIT
PERFECT
HOLY GRAIL ETC
No matter how long you have been trading or how consistent your system is, there is this unending curiousity at the back of our minds that
“could this be it?”
I Don’t know why this is but I do hope someone out there has a clearer explanation. To emphasize my point take a look at what I read from this website
http://www.darkstarforex.com/post/20...g-Profits.aspx
It is apparent that this search would never stop but I certainly would like to here traders opinion about the continuous Search for the HOLY GRAIL
I thus decided to do a small online research the Holy Grail and came out with an obvious results. Nevertheless, I decided to share my findings and see what the traders here have to say about it.
According to Wikipedia here are the conditions that defines a perfect market
QuoteDisliked
•Perfect market information
•No participant with market power to set prices
•No barriers to entry or exit
•Equal access to production technology
Here is what www.answer.com has to say about a perfect market.
QuoteDislikedMarket structure characterized by a very large number of buyers and sellers of a homogeneous (nondifferentiated) product. Entry and exit from the industry is costless, or nearly so. Information is freely available to all market participants, and there is no collusion among firms in the industry. It is difficult to identify a perfect market in reality; however, lumber and agriculture provide close approximations in the United States.
QuoteDislikedPerfect Market
The following assumptions hold:
(a) there is a large number of buyers;
(b) there is a large number of sellers;
(c) the quantity of goods bought by any individual transactor is so small relative to the total quatity traded that individual trades leave the market unaffected;
(d) the units of goods sold by different sellers are the same - the product is homogeneous;
(e) there is perfect information = all buyers and sellers have complete information on the prices being asked and offered in other parts of the market; and
(f) there is perfect freedom of entry to and exit from the market.
No participant has the market power to set prices
For me, this can be rephrased as no governing power/principle over the market. I may be wrong but I can’t help how much indicators have been developed for the forex market it should be in the hundreds of thousands. Yet even with this knowledge at the back of my head, I still often fall victim to Glamorous thread titles such as
100% PROFIT
PERFECT
HOLY GRAIL ETC
No matter how long you have been trading or how consistent your system is, there is this unending curiousity at the back of our minds that
“could this be it?”
I Don’t know why this is but I do hope someone out there has a clearer explanation. To emphasize my point take a look at what I read from this website
http://www.darkstarforex.com/post/20...g-Profits.aspx
QuoteDislikedOriginally Posted by fxbpr1
Hello to all...........I had no idea such a place existed.....and of course I mean a place like this this(forum). Gosh where to begin.....I do not want to bore anyone so I will get down to it........ I AM SOOO FREAKN TIRED OF LOSING MONEY.
There that wasn't that bad..... ok...I purchased a $3,000.00 course to learn the forex....ok it taught me the basics....Then again I could have learned it for free online.
I joined their mentoring program...another $145.00 a month for about three months....lost about $8,000.00 trading, as I trusted their judgements blindly, after all they were supposed to be the best.
I told my wife, "Thats it, I give up un the forex. I do not want to continue to lose any more money"
Damn it man, I LOVE HER, you know what she says.... "you can't give up, you have invested too much money and time into the forex. You're smart, I know you can get this. Take another $5,000.00, be patient"
See why I love her.....now I will deposit another 5k to my account, please help me find the HOLY GRAIL......or the closest system, stradegy their is to it. I know its out there.....is it BUNNYGIRL......Vegas......What the hell is a knife. I just signed up to thid forum on Saturday June 24, 2006...I will continue to educate myself by reading in this AWESOME FORUM, but I will apreciate any advise, suggestions, hell WORDS OF ENCOURGEMENT, GOD knows I need it.
Thanks to all in advance
Sincerely,
FXBPR1
It is apparent that this search would never stop but I certainly would like to here traders opinion about the continuous Search for the HOLY GRAIL
