By virtue of its slow movements, turtles have been deemed patient creatures. This concept is celebrated in the popular imagination by Aesop's ancient tale of the Tortoise and the Hare. The tortoise is the hero of the story whose single-minded determination contrasts with the directionless, hasty, and flippant bearing of the hare. Therefore the turtle was anthropomorphically deemed a wise old man, the opposite of youthful foolishness and impatience. The turtle always wins the race!
Real investors pay attention to and reacts to earnings. The more accurately you can determine the path of a systems future earnings, the more accurately you can determine the price path of that system's future growth. Some traders have a history of producing relatively steady, predictable earnings growth. Other traders have a history of producing earnings in a much more erratic fashion. Focusing on the steady growers takes much of the inherent unknown out of the prediction process and leads to a less volatile investment outcome.
The goal is to identify tortoise-like systems that have healthy projected earnings growth rates. These are values that eventually will transpire through the history of all the accounts on myfxbook and sites you are on. Don't worry. You will attract true investors with intelligence to succeed!
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.