“I’d rather watch a winner, than hear one any day” – this quote from The Seeds of Greatness by Denis Waitley is a profound truth.
You may be reading about how to trade forex and there are literally thousands of articles and systems that you can choose. But how do you know if it is really worth any value? How can you know that what I’m writing is useful?
It comes down to results.
Results indicate if a system works and if at the same time you can find out if and how many other people were able to duplicate those results then you can argue that there is merit to those claims.
It is like the scientific method.
- Ask a Question
- Do Background Research
- Construct a Hypothesis
- Test Your Hypothesis by Doing an Experiment
- Analyze Your Data and Draw a Conclusion
- Communicate Your Results
A scientist asks can I make a compound that is stronger than steel but is lighter. A lot of research is done. What have other scientists tried, where did they succeed where did they fail. The hypothesis is that by combining certain chemicals that a compound can be formed that is stronger than steel. After working on the formula when the compound is formed in his lab the results are published. It is accepted when other scientists can develop the same compound and proove that it really is stronger than steel.
This is what the trading competition is like. The question everyone is trying to answer is which system can consistently generate profits?
The tests are published for all to copy and measure.
I have come across a perfect resource for a new forex trader to learn by watching how someone else makes the trades and then is given the precise setups to look for and duplicate. It is actually a competition where different strategies are tested against others and you get to select which one you like based on performance. If you have a system you can put it up against others to win a prize. If you want to learn to trade you get to select from a system that has shown itself to be a winner.
You can get more details about this if it interests you by going to the Sure Fire Trading Challenge.
In the members area you get access to videos and pdf copies of instructions that you can learn. You can actually watch the winning trader set up his charts and initiate trades. It’s like watching over his shoulder.
Learning to trade Forex is not impossible, it just takes the right kind of education.
Check it out for yourself the Sure Fire Trading Challenge.
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