You are wondering, “How can I win at Forex ……?” What would you think if you heard that “the strongest trading technique (Holy Grail) has actually been revealed”?
In this article, we will take the time to explain the most powerful trading techniques in FX trading, while unpacking the words of two wise men in the trading world.
By knowing this, you will understand why you have been confused in choosing a method, and it will change your future actions.
According to Jack D. Schwager
If you have ever studied trading, you may recognize this man’s name.
Schwager is the author of the “Market Wizards” series, the best and longest-selling books in the trading world.
This “New Market Wizards” is a collection of interviews with some of the world’s top traders, and it is filled with gems of commentary from professionals in stock, currency, and bond trading.
（Kindle版あり）- 著者：ジャック・D. シュワッガー
（Kindle版あり）- 著者：ジャック・D・シュワッガー
Schwager asked traders for their trading secrets
Schwager himself is a trader, and his motivation for writing this book was “I want to know the secrets of how to get results in trading. Do they have the Holy Grail?” That was the idea.
So the interviews will be very naked and practical.
- What advice would you give them to be successful in the market?”
- What is your trading methodology?
- What advice would you give to a losing trader?
These questions will be posed to some of the nation’s top traders who have achieved great success.
The answers are as varied as the traders themselves.
While there were many common opinions about losing traders, the answers to the question of “how to win” were varied and different.
Schwager, however, found a common thread, not in the answers, but in the traders themselves.
What lessons did Schwager find most important?
The following are quotations from this book.
One lesson from the series of interviews that seemed most important.
That message is that it is essential to develop a trading method that matches one’s personality and details.
[omitted].
For years, I’ve been involved in both market observation and trading systems.
It is no coincidence that writing this book has made me realize that it is systems that are right for me.
By being more diligent and focused on trading with systems, I have made great progress in my trading and felt that this method matched my personality in every detail.
I have been looking for this for over 10 years.
What I would recommend is that you take the time to seriously consider whether the current method you are using is really appropriate.
Perhaps you will be able to shorten the time it takes to reach your goals.
(From “After I Finish Writing”)
After interviewing top traders in a variety of fields, Schwager’s takeaway is, “Does your method match your personality?” Is your method in line with your personality?
If your trading method does not match your personality, it will be difficult to succeed in trading.
What these successful traders had in common was that their trading methods were so naturally integrated that it was as if they were a part of them, and that they were the most powerful methods in the world.
An example of a trade method matching the personality (character) of the trader
For example, a successful trader in swing trading or long-term trading appears to be basically relaxed in the pace at which he spends his day and deals with the market.
However, his aggressiveness, excessive concentration, and other personality traits are channeled into the power of market analysis and entry/exit, and the results are expressed in the form of trading practices that only he can make.
Another futures trader was raised in a very conservative Catholic family and even attended seminary for four years.
However, after a turning point in his life, he decided, “Life is short. You have to live and enjoy it,” and he developed an aggressive trading style.
At the same time, in his other business, investment advisory, he was a very low-risk manager with a conservative nature, and he was able to balance these two different qualities.
And Schwager himself was successful
Schwager himself has taken this lesson to heart, reflecting on his own trading.
- I’m not that interested in trading itself.
- The mentality of day trading is not something I am comfortable with.
As a result of this in-depth consideration, Schwager realized that system trading was right for him.
As a result of his thorough focus on system trading alone, it became Schwager’s strongest trading method, and he finally became a successful trader.
This fact shows the validity of the lesson that it is essential to develop a trading method that matches one’s personality and every detail of one’s trading style.
According to Bred N. Steenberger, Ph.
Let’s then turn to another wise man of the trading world.
Dr. Bred N. Steenberger is an American psychiatrist and mentor who coaches traders.
As a psychiatrist, he has studied the mentality of traders and has used his findings to help traders at investment management firms achieve remarkable results.
By following Dr. Steenberger’s words, you will discover the key to success in trading.
*Dr. Steenberger’s view of success in trading is detailed in his book, “Psychoanalysis of the Trader.
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Dr. Steenberger’s findings
In his pursuit of the conditions for successful trading and in his day-to-day work with traders, he has come to a profound realization about the problems they face.
We found that a significant portion of the emotional distress faced by the traders was due to deviations from the principles of proper training.
Traders,
(1) When they are adopting a market or trading style that is not suited to their abilities or personality.
(2) Not receiving systematic training that would allow them to develop their abilities to a professional level of skill.
(3) When traders are too eager to make big profits right away and are not managing their risks correctly.
─ ─ will lead to frustration and psychological trauma (emotional trauma).
(from page 10)
It is noteworthy that he points out that traders suffer from lack of success when they “1) adopt a market or trading style that is not suited to their abilities and personality.
Dr. Steenberger concludes that finding an environment (trading environment or trading style) that fits each trader’s personality and ability is essential to success.
In “Psychoanalysis of the Trader,” Dr. Steenberger describes in detail how to find an environment that fits one’s personality and abilities.
It also explains how to take advantage of that environment (described as a “niche” in this book) in a strategic step-by-step manner, using the unique perspective and views of an expert in psychoanalysis.
This book will give you a true picture of what a “successful trader” really looks like.
What they both have in common about the chalice
Schwager says that to be successful in trading, “it is essential to develop a trading methodology that matches your personality and every detail.
And Dr. Steenberger says, “It is essential to find an environment (trading environment and trading style) that fits each trader’s personality and abilities.
One is Schwager, a trader and interviewer.
The other is Dr. Steenberger, a psychiatrist and trading coach.
It is surprising that the answers given by these two different people are exactly the same, and that is why we find their answers so compelling.
These two books explain the Holy Grail from two directions
In other words, they are saying this.
The strongest trading method (the Holy Grail) is the one that is in harmony with your personality and individuality (your strengths).
Successful traders have developed a trading method that is in harmony with their personality and individuality (strengths).
When he does this, he has “the most powerful method, or the Holy Grail,” and that Holy Grail is unique to him.
How does one find a trading method that matches one’s personality and individuality? Please refer to the following article for more information on this topic.
Explanation そのトレードスタイルがベストですか？FXで勝つ可能性を高める方法とは？
Schwager’s “The New Market Wizards” describes these real successful traders in a realistic manner, and gives you a concrete image of the “trader who has his own strongest method = the Holy Grail” that you are aiming for.
Dr. Steenberger’s “Psychoanalysis of Traders” explains the specific process of becoming a successful trader, and in it, you will learn how to find your own strongest trading technique (the trading style that is your Holy Grail).
I learned a great deal from both of these books, and I still find something new in them every time I reread them.
At first, “The New Market Magician” was so large in scale of success that I could not keep up with it at all, but as I grew, I began to really grasp what it meant.
Also, for me, who was on a lost path, the book was like a compass or a lighthouse that pointed me in the right direction.
“If your trading method (trading style) matches your personality and individuality (strengths), it will gradually become your holy grail and your probability of success in trading will greatly increase” – I hope you will take time to reflect on the meaning of these words.
Related FXで問題のあるトレードスタイルの解説まとめ
The most powerful method of FX (the Holy Grail) – Summary
Through the contents of this issue, your image of the “most powerful trading method (the Holy Grail)” may have changed from what it was before.
Incidentally, what I have just described is also the reason why it is difficult to win just by acquiring other people’s trading methods.
The reason why it doesn’t work even if you have the supposedly superior trading rules and the specific ways to improve them are described in “Trader’s Psychoanalysis”.
Simply put, you need to develop the skills through practice to master that trading technique.
On the flip side, the general “how to master the tools” is also how to utilize the trading method.
If you know this and think, “Oh yeah!” then the day when you get results may be coming soon.
That’s all I have to tell you about the most powerful methods of forex and what I want you to know before you start looking for the Holy Grail.
（Kindle版あり）- 著者：ジャック・D. シュワッガー
- It gives a concrete picture of the successful trader to aim for.
（Kindle版あり）- 著者：ジャック・D・シュワッガー
- This collection of gems of messages condenses the essence of the four books in the series.
（Kindle版あり）- 著者：ブレット・N・スティーンバーガー
- Learn how to find your own strongest trading technique (trading style).
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