If You Want To Win In Forex Trading, Don’t Bring A Knife To A Gun Fight. Bring A Bazooka!
By Mark So on June 10, 2014
We are all self-taught traders, the first time around.
The first thing we learn on our own to analyze the forex market is how to operate technical charts and all those “nose-bleed-causing” indicators. We even have favorite ones like Bollinger Bands, MACD, Stochastics, Etc…
It works fabulously for a time, but inevitably, we realize that we are not making as much money as we thought we could. Worse, we’re more negative than when we first started.
It kind of reminds me of the movie “The Untouchables”.
Eliot Ness, a young and upcoming FBI agent tries to take down the huge criminal empire of notorious Mafia gangster Al Capone, he thinks he’s got the formula and raids locations he thinks will produce results in bringing down Capone, only to fall flat on his face time and again.
Then one day, he meets Jim Malone, a veteran cop who teaches him the most basic truth. Eliot Ness, in frustration tells Malone: “I want to get Capone, but I don’t know how”, Malone: “You wanna know how to get Capone? He pulls a knife, you pull a gun! He sends one of your guys to the hospital, you send one of his to the morgue! That’s how you get Capone…Now, do you want to do that? Are you ready to do that? I’m offering you a deal, do you want this deal? ”Ness: “I have sworn to capture this man with all legal powers at my disposal and I will do so.” Malone: “Well, the Lord hates a coward…Do you know what a blood oath is Mr. Ness?”, Ness: “Yes”. Malone: “Good, cause you just took one.”
In many ways, when we start out in trading the forex market, we want to make money, and yet we make the same mistake as Eliot Ness did.
You are going after a whale, but you only have a knife, if you go after the forex market, you need more grit, and a fiercer, tougher attitude, but most importantly, you need more tools.
Don’t just bring a knife to a gunfight. Bring a gun. But why stop there? Bring a Bazooka!
Don’t just analyze with technicals (knife), you need to know how economics affects trades (gun), AND you need to know how the Market thinks. But more importantly, you need your very own “Jim Malone” (Bazooka).
So I have a deal for you. Do you want to take down the Forex Market? I’m Mark So and like Malone, I believe the Lord hates cowards, if you know what a blood oath is, then on July 24, 2014, at 1203A West Tower, Tektite Building (Phil stock Exchange Ortigas) from 9AM to 6PM, join the upcoming Forex Trading bootcamp.
