Foreign currency
trading attracts more and more investors, forex books and forex reviews. Here is one you
should read the review and the book. There are many lies told about forex.
It's better to learn the truth.
The forex market is 'lion country'. Bird watching in lion country can be a very rewarding, yet dangerous experience.
RECENT FOREX TRADING COMPETITION NEWS
There were only two profitable traders out of fifty contestants (trading with live accounts) in FXStreet's recent 2007 Trader of the Year competition. Both of them used the strategies they learned in Dirk du Toit's "Bird Watching in Lion Country".
The winner, Torsten,
made 136% percent gains in the four months up to September 30 2007. He writes:
It was a fascinating time during summer 2006 when I discovered the BWILC mystery behind it.
I became aware very quickly that this must be the only approach to trading successfully for me.
I started my live account with a small amount and some months later I created my business plan together with an Excel sheet.
By that time, on 8th December 2006, I had started to insert every single trade into this sheet. Up to date I have entered more than 400 trades. Today I use 3 Excel sheets.
And today I am somehow proud about being 1st place in the Fxstreet.com competition. Thanks to the great methodology explained in BWILC.
It was so
different to any other trading strategy, that I was even more excited the
more I dived into this methodology. I knew after finishing that was it. The
big AHA came up like never in my life before.
Now, my success has been build on this methodology. It is based on a
median trading strategy
with low leverage
but multiple entries within the same pair.
Torsten."
The runner-up, Colin, with 35% gains, had this to say:
The 4x1 methodology put
forward in 'Bird Watching In
Lion Country' kept bubbling to the surface of my thoughts. As I
whittled down the choices of how I should proceed in my forex trading
career, it was the only method that seems to stand true. I obviously had
further questions and doubts about my own ability to use it successfully. At
the same time, it was an approach to trading forex that seemed simple,
robust and adaptable all at the same time.
The ideas and trading approach
put forward in the book are complete in and of themselves. It is perfectly
possible to take them and make them work straight off the bat, if you are
comfortable in doing things yourself and you have the time and resources to
work through the inevitable kinks.
Colin."
"Bird Watching in Lion Country" is a downloadable, easy-to-read best-selling e-book containing 236 pages; considering what you are likely to lose if you start forex trading without proper understanding or guidance. Buying "BWILC" is a small outlay under $70. People have spent (and wasted) years and often thousands of dollars on 'training programs and courses' and 'systems', each one promising to be the only way to make serious money on forex trading. But 'forex truth' is different. Yes, there are some very successful traders, but their successes were not immediate, and they comprise possibly 10% of all forex traders. Everyone else's money goes straight into the pockets of brokers and self-professed market gurus and internet marketing wizards, most of whom have never traded themselves. They have cleverly designed campaigns dedicated to relieving you of a lot of money before you begin to realise the truth about forex trading!
Not everyone involved in the forex business is a crook or charlatan, of course. But you must be very wary and suspicious of much of what you read on web sites or receive as email. There's no short cut or 'quick fix' that can guarantee instant success with forex trading, including this (or any other) book or trading system. Read it and you'll begin to understand. Follow the principles and you have a good chance of reaping your own rewards in the future.
If you're already trading, or considering becoming a forex trader, do yourself a favour and get Bird Watching in Lion Country. Read it more than once. Study the principles and follow Dirk's advice before you even think of going 'live'. You will have a better chance of recovering both the outlay and your trading losses. Given time and experience and adding (but not relying on!) a bit of luck, you will start to make a profit like the select few possibly ten percent of all forex traders. There's an old saying: Forewarned is forearmed. It definitely applies to forex trading.
Read on...
In Bird Watching in Lion Country
the author, Dirk du Toit explains his 'take' on the forex market, based on his own experience as a trader and mentor.
His approach is 'out-of-the-box' subscribing to most traditional market wisdom
but with a twist. For instance 'cut your losses and run your profits' is one of the most bandied-about trading principles.
Dirk writes "From my outside-the-box approach I certainly do not differ from the principle that your first loss is your best
loss. But if your 'cut my losses' is in effect 'stop your profits', well then you are going to have a hard time making money."
Click here to buy your copy of "Bird Watching in Lion Country"
About the Author
Dirk du Toit is based in Pretoria, South Africa where he heads
DayForex Capital Management, which specialises in the forex investment market. DayForex focuses on the trading of forex investments on behalf of clients and mentoring of self-directed forex traders.
After qualifying with an M.A. degree from the University of Pretoria, Dirk joined the financial services industry as an advisor in 1991.
In 1998, as a primary source of income, he started trading on his own
account in the global financial markets. His areas of focus were bonds traded on margin, equities and, since the advent of retail forex, currencies.
Since the beginning of 2001 Dirk has focused mainly on sharing his trading acumen with prospective self-directed traders interested in the forex market, while preparing the groundwork for DayForex Capital Management these days a discretionary forex services provider fully authorised by the South African financial authorities.
Dirk du Toit is the Chairman of the Forex Investment Association in South Africa and an Associate of the Financial Planning Institute.
He also holds the International Capital Markets Qualification from the Securities Institute in London.
Dirk has written two e-books on foreign exchange: "An Introduction to the Foreign Exchange Market", and
"Bird Watching in Lion Country - Retail Forex Trading Explained"
a 'must have' book for anyone trading or intending to trade in the forex
market.
So do yourself a favour...
Click below to order and download your copy of "Bird Watching in Lion Country"
(Secure payment system)
