Forex Trading Explained Reviews

Forex Trading Explained Reviews

This is by far, the most practical, most useful Forex book I ever read and I read a lot in my life. Now, the problem most newbies have lies in their search for the Holy Grail, which clearly doesn't exist, yet ppl spent a long time realizing this truth. This book actually shows how futile those searches are and guess what, IT GIVES YOU THE HOLY GRAIL!! How is that, it shows you that the grail lies in your true understanding of the market dynamics, not in some mindless indicator and this understanding alone can turn a loser into a winner. At least that is what happened to me. I did not turn into a successful trader right after reading the book. It takes some time digesting the material and seeing it at work in the market and only then you feel the "grail" inside you. In one word, if it does not do anything else for you, it will surely take off some hazy sunglasses from your eyes and let you see the Forex world in its real color and will give you the real perspective. Until you know what's the right way to look at Forex you will never know how wrong you were. I had been in the wrong realm spending 8-10 hours a day for more than a year with all the indicators, scripting and programming tools and deep analyses of the market; Only if I had read the book earlier, I could have saved my self thousands of hours of wasted time and labor. Do yourself this favor and don't share my sorrow. Buy it today if you are a newbie/unsuccessful/technical trader. No matter whether you find the grail or not, it will make you a different person altogether when you finish the book, that's my promise.
Posted by Khurram (Bangladesh) 2 October, 2006

A no nonsense book for both novice & pro traders in tackling FX market.
Posted by al (Singapore) 26 September, 2006

A worn out phrase..."I wished I had read this sooner" (Before I went into lion country ill-equipped). Reading BWILC, I felt there was no hype, no ulterior motives. No matter what methods you use to trade read this book before you enter the market again. Dirk gives a new meaning to, "Be Prepared".
Posted by Steve (USA) 6 September, 2006

What an eye-opener to the realities of the FX market and the need to work hard on trusting my own discretion more than any mechanical system to succeed in this jungle. I wish I had read it before I opened a live account, but it's so good I read and re-read paragraphs like it's nourishment to my inner trader.I never thought an e-book could ever belong with the classics, but this one is the real deal!
Posted by JBL (USA) 17 August, 2006

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Well what a book. I was initially put off this by the strange name and thought, "it's not for me", but I kept seeing favorable things written about it and decided to buy it. Quite simply this book revolutionized my thinking about many areas of trading. The book is worth the price just for the information on stop losses and leverage let alone the excellent 4x1 strategy. Thanks for making this e-book a reasonable price too, I may have missed out otherwise.After reading the book you will wonder how anyone makes consistent profit from Forex without using these methods.Thanks.
Posted by Martin (UK) 17 August, 2006

What can I say? If you are going to buy one e-book on how to survive in the Forex jungle, you had better make sure it is this one my friends! If you want an honest appraisal of the fx and then instruction on the tools you will need to make a profit it is all here. Don't believe what you are told by market makers, which is all geared to part you from your hard earned, listen to what this book has to say and give yourself a chance. I thought it was that good I have applied to be mentored by the good doctor!
Posted by p hyde (UK) 9 August, 2006

This is definitely the easiest read on Forex and the most practical "how to". NO hype, no outlandish promises, Dirk is a guide on the true road to trading with your head on your shoulders...Steve Cioccolanti
Posted by Steve (Australia) 3 August, 2006

Thoroughly enjoyed reading this book, in particular the risk management section and information related to this very important subject. I already trade for a living but this book is so informative that I will be coming back to it again and again. Jo
Posted by Jo (Australia) 9 July, 2006

"Bird watching in Lion Country" is a great read, I learnt a lot from it...it is another way to understand the market. The book is very educational. I can recommend it!
Posted by Daniel (Germany) 24 April, 2006

Bird Watching in Lion Country certainly had some surprises for me, particularly in relation to stops. Being stopped out of so many trades that went good immediately after being stopped out was causing major frustration for me. I need to re-visit many of the Aha bits, but if it means anything I have had 4 out of 4 positive trades even before finishing the book. The summary chapter tells the real truth but has just made me more determined to succeed and stay in the 10% category.
Posted by Mike (Australia) 22 March, 2006

It was a very enjoyable read. The 4x1 method puts forward a very simple and practical method of trading. Topic of risk management opens up a whole new creative approach, one that defies the normal everyday accepted ideologies, very refreshing. As you stated risk management is 90% of the game. Using the Meridan grid gives an overall picture of the cyclic nature of the market, providing comfort areas for entering and exiting the market.
Posted by Rolf (Germany) 22 March, 2006

I usually don't like to talk about Internet ebooks about Forex, most of them are just scams. If you are looking for one of the best (and cheap) books about Forex you got to have this one. Even if you are too an active trader. This book is one that I intend to keep in my personal library. Yes is that good!
Posted by Luis (USA) 17 March, 2006

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Excellent overview of what retail Forex is all about. The strategy presented is a long-term view (position trading) with an interesting money/account management strategy. This is it... an account/money management strategy. While the ebook does not offer a magic trading system it will send anyone in the right direction to trade safely. You can actually apply your own trading rules and apply the money management strategy developed in the ebook. Overall very good and certainly the best ebook on Forex out there.
Posted by aigo (USA) 13 March, 2006

I want to express my great satisfaction with Bird Watching in Lion Country. I believe that Bird Watching is simply the best thing that could happen to ANY trader. I have been around for a few years, had my ups and had my downs, made some steps forward, some steps backward. I wish I had read this book first. It would have saved me a great deal of time and money. But now I have made a break-through in my trading.In Part 1 of Bird Watching Dirk refers to the fact that every successful trader has some "AHA!" experience and then he expresses the hope that Bird Watching will contribute to the readers' AHA! experience. It certainly did for me and I am sure it will also do the same for many others."Bird Watching" opened my eyes to the importance of price action over a much broader timeframe than I had been viewing before. Suddenly I saw price in a context of time and a price range that gave me my first 'aha'. That was not all, price action immediately made more "sense" now that there was a "framework" built around it. I felt more in tune with the market because I could see the market in a context that I chose. Then came my next 'aha'. I realized that price was contained in the framework in such a way that I could look back and learn, and then look ahead with much more confidence in making my trades. I have become more confident in taking positions because I am focusing on the trend rather than an intra-day move.I see my trades in a new, calming, light. When trades go my way, I can better see where they are headed and I know how to improve my position and then when and how to best take profits. When trades go against me I can see them in context of the larger picture, which helps me decide what to do. I have also learned that a loss is only counted when I make it a loss. Patience and trust have turned negative pips into profits. I feel in control, that is the best part.Louis
Posted by Louis (USA) 22 January, 2006

Normally I am rather skeptical when I read a rave review of a 'how to' book, written before the reviewer has had a chance to apply what he has learned. However, I must say that I find 'BWILC' refreshingly long on thought and short on bull ----. Had I read it prior to a two-year involvement with Commodities it would certainly have saved me money. I plan to become involved in the mentor program, and in the fullness of time I will write a second review.
Posted by Dave (Indonesia) 2 January, 2006

When I purchased this book, I had already, through much trial and error and many many hours of studying, developed a pretty satisfactory trading system of my own, but I still lacked the confidence sometimes to enter, or to stay in. Dirk's book gave me the confidence by teaching me to draw a "median" which truly acts as a comfort zone while I trade and has greatly improved my confidence. He also shares some very sobering thoughts on the whole business of trading that every trader should be aware of. I will definitely place this book in my "most useful" pile and refer back to it at regular intervals.
Posted by Marlene (USA) 25 October, 2005

A book so insightful you won�t want to stop reading it, but you won't want it to end either. Great for traders with at least some experience in live FOREX Trading.
Posted by NEXUM (Mexico) 20 July, 2005

If you read Bird Watching In Lion Country (BWILC) before spending much time, effort and money on the many other so called systems and ways of making money in the Forex market, then count yourself lucky that you may be able to avoid many of the traps awaiting the innocent newbie Forex trader trying to make a profit from this amazingly exciting but for most, inevitably disappointing activity. If, like me, you have already experienced the pain of tight stops getting hit more often than not, high leverage causing high losses, etc., then do yourself a favor and read this book before doing another trade. Dirk has opened my eyes to a new way of approaching Forex trading by exploding most of the myths propagated by those that profit the most from them i.e. the dealers that encourage us to; use tight stops; cut your losses and let your profits run; use high leverage etc. This is the only book on Forex trading that I have read from cover to cover in one sitting and then started again. You need to read it more than once to assimilate everything that Dirk has to offer. It's the top of my pile of must read books on trading. Don't expect a fool proof system that can be mechanically traded to make 100 pips a day/week/month, it's not that kind of book but he does explain in quite some detail how he trades for a living using his 4 x 1 strategy within a median grid. For me it's been the best book on trading I've purchased, it's just incidental that's it's probably the cheapest as well. After 3 years of unprofitable trading I now believe that the light I see at the end of the tunnel is not an approaching train.
Posted by Roy (South Africa) 13 July, 2005

Bird Watching in Lion Country really changed the way I approach the Forex marketplace. Before reading it I found it very difficult to trade with any consistency and found myself jumping from system to system. Dirk du Toit does a great job of explaining what the Forex market is all about, why it can be difficult for the retail trader to get ahead. He then goes on to explain his trading "edge" and why it is necessary for every trader to find their own edge. He even lays out his only trading method the 4 X 1 strategy. I have read many books on trading and would place this among the best of them. This is a must read for anyone considering trading or investing in the Forex markets.
Posted by William (USA) 12 July, 2005

I read BWILC about a couple of months ago, and then entered in a mentorship program with its author, which of course is something one does only if he is convinced by what he has read. I read it after nine months following mechanical systems bought on the Internet - and of course reading through forums and all that stuff, and now I feel that BWILC was my first "genuine" approach to Forex. Reading through the Internet one gets the misleading impression that the very short term technical approach to the market is the only approach available to the newbie retail FX trader. Nothing of the like! In BWILC one finds a refreshing new approach, which I find to be a more professional and also more relaxed way to trade. This book offers a view of the FX market, which is different to the bulk's view, and also an honest, intelligent and professional one. July 12, 2005.Ram�n Miras - Madrid, Spain.
Posted by Ramon (Spain) 12 July, 2005

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