Tuesday, June 15, 2010

My First "Grail"

The word "Grail" has its roots in the distant past and means emerald bowl ispiv from which a person acquires strength, power, immortality. To learn more about it you can here or using the search tools on the Internet.

In today's environment, the programmers, the word "Grail" has a sarcastic tone - this implies the impossibility of creating a "universal" programs for all occasions, as in the case of programming in MQL4 - the impossibility of creating an expert, showing fantastic results in real trading.

In fact, the foreign exchange market is a reflection of a complex conglomerate effects - economic and industrial relations, human characters, of political events. And besides, more importantly, it defies simple formalization. Experienced traders are advised to enter the market only if at the same time there is at least three to five signs indicating a possible trend.

However, identified to date laws can not fully serve the fundamental basis for predicting the market with a high probability of success. Confirms this - the contradictory predictions of leading analysts renowned banks and financial institutions. All, without exception, analysts are very good at explaining the events have already occurred, and at the same time, few of them can show a series of truly self-confident predictions.

To be fair: these people do what they can, most of them have considerable experience and knowledge of the trader, who should be envied by many of us. However, the same will be called a spade a spade: almost all of them are often wrong. They may look big, to enjoy some popularity, sometimes knocking together entire state (of all sorts of "gurus" are very well written in a book by Elder "How to play and win at the stock exchange) but the fact remains - experienced analysts are often wrong.

What, then, under these circumstances, the chances of a beginner programmer studying in the first steps in the trade market Forex? Let's trace the path that passes a novice researcher in search of the "Holy Grail".

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