Zurich Axioms How to Double Or Triple Your FX Profits

Zurich Axioms How to Double Or Triple Your FX Profits 1

The Zurich Axioms by Max Gunther isn’t a book just about forex trading it’s a book that puts you in the mood to make money and lots of it! Here I have selected some of my favorite wisdom from the book which if you follow, can turn average gains into extraordinary gains…

Max Gunther starts with statement about Switzerland that sets the tone of the book.

“Consider the puzzle of Switzerland. This ancestral home of mine is a rocky little place about half the size of Maine. It has not one inch of seacoast. It is one of the most mineral-poor lands on earth. It possesses not a drop of oil to call its own, barely a bucket of coal. As for farming, its climate and topography are inhospitable to just about everything”.

Yet the Swiss are among the most affluent people in the world. How do the Swiss do it”?

Quite simply over the years Switzerland has produced some of the world’s greatest speculators and some of them wrote the Axioms. Some of the views are against the majority opinion as the book states but you need to:

“Disregard the majority opinion. It is probably wrong”.

Of course it is very few traders get rich and many of the so called wisdoms you accept wont help you get rich and let’s start with the first one.

“Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough”

There is nothing wrong with being a bit worried, as it means you are playing for:

“Meaningful stakes – if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either”

How true – how often do you hear you should only risk 2% on a trade? – well that won’t make you much.

You can risk 10 – 20% or more, if you have the odds in your favor.

Just be patient and wait for the right opportunities. This isn’t being rash this is waiting and taking calculated risks at the right time and hitting them hard.

I know traders who trade less than one a month but make triple digit gains – How?

There patient, wait for the high odds trades and hit them hard.

“Resist the allure of diversification”

Another well known wisdom but wont help you make a lot of money. You have a good trade so why dilute it with low odds trades that can cut your profits? If you are trading a small FX account focus on one area and hit it as hard as you can when the opportunity arises

“Human behavior cannot be predicted. Distrust anyone who claims to know the future, however dimly”.

True – but how many traders don’t have the guts to do their own trading and trust guru’s, mentors and scientific theories of market behavior and worthless forex robots and get beat – the vast majority.

What the Zurich Axioms teaches you and why its such a great book is:

It persuades you not to be frightened of risk – but to love it.

You take risks at the right time to make a lot of money and that’s a fact.

It’s a fact in forex trading that most traders hate risk and try and restrict it so much they have no chance of winning and all they do is take small loss after loss until their wiped out.

It also encourages you to take charge of your own destiny and be alert for opportunities and investment traps.

Many will scoff at the above and say its not accepted wisdom maybe not but the people who devised the Axioms got very rich using them and you can to – simply get hold of a copy of this book and be prepared to amused, as well as inspired, to start taking calculated risks, at the right time and hitting them hard.

Forex involves risk and it’s the way you manage risk, which will determine the destiny of your account.

Of course, you can run with the losing pack or you can take a different, more exciting and more rewarding route to currency trading success.

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The Zurich Axioms by Max Gunther isn’t a book just about forex trading it’s a book that puts you in the mood to make money and lots of it! Here I have selected some of my favorite wisdom from the book which if you follow, can turn average gains into extraordinary gains…

Max Gunther starts with statement about Switzerland that sets the tone of the book.

“Consider the puzzle of Switzerland. This ancestral home of mine is a rocky little place about half the size of Maine. It has not one inch of seacoast. It is one of the most mineral-poor lands on earth. It possesses not a drop of oil to call its own, barely a bucket of coal. As for farming, its climate and topography are inhospitable to just about everything”.

Yet the Swiss are among the most affluent people in the world. How do the Swiss do it”?

Quite simply over the years Switzerland has produced some of the world’s greatest speculators and some of them wrote the Axioms. Some of the views are against the majority opinion as the book states but you need to:

“Disregard the majority opinion. It is probably wrong”.

Of course it is very few traders get rich and many of the so called wisdoms you accept wont help you get rich and let’s start with the first one.

“Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough”

There is nothing wrong with being a bit worried, as it means you are playing for:

“Meaningful stakes – if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either”

How true – how often do you hear you should only risk 2% on a trade? – well that won’t make you much.

You can risk 10 – 20% or more, if you have the odds in your favor.

Just be patient and wait for the right opportunities. This isn’t being rash this is waiting and taking calculated risks at the right time and hitting them hard.

I know traders who trade less than one a month but make triple digit gains – How?

There patient, wait for the high odds trades and hit them hard.

“Resist the allure of diversification”

Another well known wisdom but wont help you make a lot of money. You have a good trade so why dilute it with low odds trades that can cut your profits? If you are trading a small FX account focus on one area and hit it as hard as you can when the opportunity arises

“Human behavior cannot be predicted. Distrust anyone who claims to know the future, however dimly”.

True – but how many traders don’t have the guts to do their own trading and trust guru’s, mentors and scientific theories of market behavior and worthless forex robots and get beat – the vast majority.

What the Zurich Axioms teaches you and why its such a great book is:

It persuades you not to be frightened of risk – but to love it.

You take risks at the right time to make a lot of money and that’s a fact.

It’s a fact in forex trading that most traders hate risk and try and restrict it so much they have no chance of winning and all they do is take small loss after loss until their wiped out.

It also encourages you to take charge of your own destiny and be alert for opportunities and investment traps.

Many will scoff at the above and say its not accepted wisdom maybe not but the people who devised the Axioms got very rich using them and you can to – simply get hold of a copy of this book and be prepared to amused, as well as inspired, to start taking calculated risks, at the right time and hitting them hard.

Forex involves risk and it’s the way you manage risk, which will determine the destiny of your account.

Of course, you can run with the losing pack or you can take a different, more exciting and more rewarding route to currency trading success.

This Book is not conventional, but could make you rich! – If you want to get rich quick, then the Zurich Axioms by Max Gunther can help – even if you have never traded before.

The wisdom is simple, timeless, unconventional, full of humor, it will get your adrenalin pumping as you read it, and it remains one of the most inspiring investment books of all time.

A Philosophy for all Investors – Novice or Pro

The 12 major, and 16 minor Zurich Axioms in the book are a set of principles, providing a practical philosophy, for the realistic management of risk.

Several of the Axioms fly right in the face of traditional investment wisdom – however the Swiss speculators who devised them became rich, while many investors who follow conventional wisdom do not.

Accept and Enjoy Risk!

Most Investors don’t make big gains, because they are so afraid of risk, they totally restrict the gains they can potentially make.

Does this mean you should take unnecessary risks, or act in a rash manner? – Of course not!

The fact is however, you won’t get rich if you don’t take risks – period.

The Zurich Axioms show you how to confront risk in a positive way, manage it, and enjoy the challenge!

Risk and Reward

Lets just take a brief look at some of the Axiom’s on risk – which tell us why most people don’t ever make big gains from their investments.

Here are some quotes from the book in relation to risk, with our comments below.

1. “Worry is not a sickness but a sign of health – if you are not worried, you are not risking enough”. How often are you told only to risk what you can afford to lose in investing – when you know you should risk more? You then see the gains you could have made – but you never acted upon the trade.

2. “Always play for meaningful stakes – if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either”. If you don’t risk much, you won’t gain much. If however you play for meangiful stakes, you have an opportunity to get rich quick – if you don’t, you never will.

3. “Resist the allure of diversification” – Diversification is the buzz word in the modern investment community – but all it does is dilute your potential profit.

The Zurich Axioms encourage you NOT to diversify for small gains, but to look for the big potential winners and hit them hard.
An easy way to explain this is the pareto principle – the Pareto principle is commonly known as the 80/20 rule.

The rule states that 80% of your results come from 20% of your activities – and this is true in many areas of life, including investing.

It means, by concentrating on the best investments, and ignoring the others, you can easily quadruple your results – by searching and acting on the 20% that yield the really big profits.

The Zurich Axioms by Max Gunther are not just applicable to forex trading there for any speculator who wants to make big gains. This book is simply one of the best ever written on making money lets look at it in more detail.

Max Gunther states some interesting facts about Switzerland that will make you think and set the tone of the book.

“Consider the puzzle of Switzerland. This ancestral home of mine is a rocky little place about half the size of Maine. It has not one inch of seacoast. It is one of the most mineral-poor lands on earth. It possesses not a drop of oil to call its own, barely a bucket of coal. As for farming, its climate and topography are inhospitable to just about everything”.

Yet the Swiss are among the most affluent people in the world. How do the Swiss do it”?

Quite simply over the years Switzerland has produced some of the world’s cleverest investors, speculators, and gamblers and the book will help you get into the mindset of these traders.

The traders who wrote the Axioms got rich following them so here are 12 to boost not just your FX profits but profits in anything you speculate in.

1. “Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough”.

Today in investing its fashionable to keep risk small but fact is most investors try so hard to restrict risk they actually create it – if you don’t take calculated risks you won’t win and if you don’t risk enough you won’t win big.

2. “Always take your profit too soon”.

Always get out to soon the bulk of traders simply stay in to long let the risk reward go against them and give back their profits.

3. “When the ship starts to sink, don’t pray. Jump”.

When your wrong – that’s it get out and don’t come back.

4. “Human behavior cannot be predicted. Distrust anyone who claims to know the future, however dimly”.

One of my favorites and true. Today people will tell you they can predict the future and in FX trading it will cost you a few hundred dollars – get real. Markets are not scientific and cannot be predicted in advance.

5. “Chaos is not dangerous until it begins to look orderly”

Markets are chaotic by nature as humans are involved if they look to easy or orderly get worried there could be a big change on the cards.

6. “Avoid putting down roots. They impede motion”.

Don’t see the currency see the opportunity and this changes all the time don’t fall in love with one pair when there is a better opportunity elsewhere.

7. “A hunch can be trusted if it can be explained.”

Keep your emotions out of trading if you fall victim to them you will trade on hope rather than reality

8. “It is unlikely that God’s plan for the universe includes making you rich”.

No one can make you rich not even god! And neither can anyone else – its all up to you to take charge of your destiny no blaming your broker, the news or the guy you bought an e-book from. Take responsibility for your actions.

9 “Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic”.

If you are not confident about what you do and stick with your plan through the bad times and stay in the game you will lose. Confidence comes from self knowledge of who you are and what you are doing and you need it to succeed.

10 “Disregard the majority opinion. It is probably wrong”

Of course it is – as the bulk of traders lose but how many traders try and follow news stories or opinions and don’t come to their own conclusions? The vast majority don’t join them.

11 “If it doesn’t pay off the first time, forget it”

Don’t indulge in revenge trading or continuing with a system that’s plainly not working. Perseverance is great but only if the logic is soundly based.

12. “Long-range plans engender the dangerous belief that the future is under control. It is important never to take your own long-range plans, or other people’s, seriously”

How many times have I seen traders make neat plans 2 years forward about how they are going to compound up to a huge sum?

Loads of times but the markets don’t see it that way. There in a constant state of flux like the world we live in and you need to take each small step as it comes.

The book has much to enjoy but what I like about it is that it tells you to things that most guru’s or writers frown upon but the guys who devised these Axioms got rich – its not a book on theory it’s a book on mindset and if you want to bet and you want to win in anything (including forex) get this book and read it and make it an essential part of your forex education.

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