Who is not familiar with the Holy Grail Strategy? This trading system is certainly familiar in the ear of traders, especially novice traders when trading forex. It is said that this strategy can provide a minimum profit of tens of percent and even 99% accuracy.
Based on a claim, it can be done in a short time even in a best forex broker. Is that right? In forex trading, the term holy grail refers to a strategy that can provide a "miracle" for its users where profits will be obtained continuously.
It can be done even without ever being "tainted" by the slightest loss of goods. Many traders especially beginners think that they will not get a consistent profit because they have not found the Holy Grail Strategy. They really believe in that system.
Not a few who define that the holy grail as an indicator that can produce a 100% chance of profit without any risk. In fact, experienced traders actually agree that there is no such thing as a holy grail in forex trading. Why is that?
No one Can Predict Market Movements Clearly
If you often observe prices or see the history of price movements, there is a fact that price patterns tend to repeat. It is because price movements are influenced by various factors making it almost impossible for a trader to control prices on Forex.
It could be the currency in a time in tune with an indicator or price pattern. However, it does not rule out the possibility that at any time it will change to another price pattern. The traders cannot continue to use it as the same price pattern.
Therefore, even if you use Holy Grail Strategy trading with a signal that is said to be 90% or 100% accurate, there is always a chance of missing the signal's accuracy level. Holy Grail is not a perfect thing even in a best forex broker
There is No Strategy that Can Provide Continuous Benefits in All Conditions
Experienced traders who quite often accept the bittersweet when trading on the forex market, of course, already understand this. You can recognize the pattern of price movements that are always repeated and make it the basis of technical analysis.
The data is only historical statistics that do not necessarily occur in the future. Keep in mind, the forex market is also driven by trader sentiment and human behavior factors that often change. So, do you still believe in the figure of "holy grail"?
All answers are in your hands. But the fact that you should know is that there is never a fact that shows that the system or robot is truly magical, including myths about the Holy Grail Strategy. It still able brings you to a loss in trading.
What about Forex Robots that are Often Regarded as "Holy Grail"?
In this automated era, many robot creators say that your ability to analyze manually is very limited. It is included when analyzing charts in the forex market. For this reason, forex robots come with a program that has been specifically designed to analyze charts
It is claimed that robots replace your role in conducting forex trading transactions. Forex robot or often referred to as automated trading. It is a program developed to help traders make transactions automatically in accordance with certain logic or programming algorithms.
Some people said that this robot is the Holy Grail system that you can use. However, there is not a specific fact about that since that program can make some mistakes too. Joining the trusted Didimax forex broker is more essential.
One of the best ways is choosing a trusted forex broker such as Didimax. This broker provides various professional features to trade in forex. The deposit and withdrawal process is also easy and quick to do. So, don’t believe the Holy Grail Strategy anymore.