Mindy recently started playing a new video game on her iPad and she's pretty darned hooked. It's called Trainyard and it's all about getting a number of trains from one location to another by drawing tracks with your fingers. Each train has a certain color and as you progress from game to game, the challenges increase. Sometimes there are 4 trains - 2 red, 1 blue and 1 yellow, but there might only be 2 end stations and one of them is green and the other is red. So in order to get the trains "home", you have to create a series of tracks and have one blue train and one yellow train cross each other at the exact same place so they can merge into one green train before you can get it safely tucked away into its green home base. And you have to do the same thing with the other two red trains and make sure that they don't arrive at their station at the same time because if they do, they will crash.
It's not a timed game, so there isn't any pressure to do it in a specific time period. As the games get more complex, she spends more and more time on each puzzle and savors her solution. Trainyard even has a well supported web site where she discovered that she could post her solutions (which you can see here). So you can imagine her surprise when she went to post her results to see that for one particular puzzle, there were 7,181 other posts showing solutions that were all different from hers.
Why do we mention this on our forex blog? Because it reminds us of our own journey to learn forex trading. When we started trading almost 10 years ago, we began with the assumption that there was only one correct way to trade the forex markets. Just like when Mindy began playing Trainyard, she thought that each puzzle had only one unique solution. In the same way, we thought that there would be only one unique winning forex strategy that would unlock the door to riches beyond belief. The surprise she felt finding so many other solutions was just like the amazement we ourselves initially had when we discovered that there were so many radically different approaches to forex trading.
For years and years we pursued every "hot" forex mentor that was out there. We were in every forex chat room, forum and trading class. We could even be found on our exercise machines listening to CD's or watching DVD's about particular forex strategies. Now stepping away from the trees in order to see the forest, we see that there are a myriad number of ways to trade.
Show the same currency chart to half a dozen forex traders and you'll get half a dozen solutions. One will say that the forex market is definitely bullish and he's waiting for the breakout. Another will say that no, the market is bearish and she's just waiting for that trend line to be broken. The third one will say that the market is in a pennant, waiting to break south. The fourth will say that he sees consolidation and is standing on the side lines. The fifth will say that the engulfing candle is his signal to go long and the sixth will say that the Bollinger Bands she's drawn, along with the Moving Average and the Heiken Ashe candles all clearly point to it being a great short. The sixth will consult an astrological chart and wait for the perfect alignment of stars before placing his trade.
And each argument can be compelling and each of those traders could be right. Just like the 7,000+ solutions that all worked for getting Train A to Station A and Train B to Station B.
Years ago one of our Forex Smart Tools customers, Dean from So. Africa, spent time with us trying to get us to understand that it wasn't the forex market, it wasn't the strategy, it wasn't the technique – it was US. "It's not the strategy, it's YOU!" It has taken us years to begin to grasp the truth and subtlety of this Zen koan. And again, it's just like the Trainyard game. Ultimately, it doesn't matter how anyone else solved the puzzle, it's all about our individual approach to it. And this is the truth of forex too. In the Trainyard game, developing that ownership of your own solution is what yields the satisfaction and fun. In the forex market, developing that ownership of your own solution is what yields consistency and profitability.
There are so many ways to trade the forex market. That's why we no longer participate in chat rooms, forums or classes. We've discovered our own path and it's working really well for us. We don't want to get swayed by anyone else's solution to Trainyard or forex trading. We know that the further we dive into our own trading methodology, the better we will do with it.
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