Monday, July 24, 2006

Bird Watching In Lion Country


Highly Recommended Reading

Bird Watching In Lion Country
By Dirk du Toit aka Dr Forex

What Dirk has to say about his book

a. Winners and losers are separated on day one, even before any buttons were pressed. To change from a losing trader to a winning trader you need to make a paradigm shift. The difference between these two groups, the winners and the losers, is their attitude and mental approach to trading. Successful traders have self-discipline and control over their emotions, resulting in an ability to change their minds instantly whenever it is necessary.What makes for the successful attitude and approach cannot be taught before you enter the market. It has to be experienced and learned by practising and developing the correct mental attitude and discipline. Good, successful traders have mastered these attitudes and disciplines, but usually find it very hard to convey how they do what they do to others.Books help, but the ultimate way to acquire these essential elements of day trading success lies in the practice.The purpose of this rehabilitation programme is to guide you and assist you to confront the inefficiencies in your approach and attitude and to change what needs to be changed in order for you to make money.I have written a book, Bird Watching in Lion Country - Retail Forex Trading Explained, which serves as a guide help you to make the necessary changes, the needed paradigm shift.

b. It is one thing to be a successful trader. It is a completely different thing to be a mentor or trainer of would-be successful traders. Some people can trade successfully but can’t teach how they do it. Many can teach but can’t trade. A few can do both, and it is very important, when considering a mentor, to find this rare combination.Most novices, or struggling traders have had some experience of a short training course, usually slapdash and inadequate. Courses such as these tell you just enough to make you a danger to yourself: a little bit on technical analysis tools, a bit of fundamental analysis, a sketch of market dynamics, a touch on trading psychology.The trader then goes off, trades, and crashes. Your chances of becoming a successful forex trader will be enhanced enormously if you have the benefit of guidance from someone who has the• Skills and experience of trading profitably over a long period • Skills and experience of teaching others to trade profitably over a long period The rehabilitation programme we offer is primarily for novice day traders. If you are a novice trader, who went through an instant get-rich course, and you are not performing, you should seriously consider doing the complete rehabilitation programme.

Consider this: Only 25% of forex professionals use technical analysis as their primary tool in their ‘decision-making package’. The rest use it in a supporting role only. Were you told otherwise by a marketing wizard? Are you finding that your charts are not telling the full story? Timing off - again and again? Stop too close - again and again? Dollar fell on 'good' news - how could it - again?This book helps you to think and trade like the market movers, the big banks, the institutions that affect price. If you go up against them, you will be lion food. The big boys learn to ‘listen’ to every word the market is telling them. You need to too.Bird Watching will teach you how.Successful traders have a few things in common. Simplicity of the system is one. A broad understanding of the markets is another. They understand the deep-down basic simplicity of what gives them profits. They have / had a specific mentor (worthy of the name) and they first trade in a very discretionary manner before moving towards a more mechanical system (only after it paid profits over a long period of time) and some then move on to full automation.These days with the prolific pace of IT development it is even easier to move towards full automation, but you can't skip the basics. Having said that I describe in 'Bird Watching' what I believe are the main reasons why many do end up losing instead of making money early on and struggle to turn it around. There are basic mistakes that you don't associate with highly intelligent, rational, informed success-orientated people. If you know what these basic mistakes are and if you adapt your system to exclude them you must be in an excellent position to be a part of the successful traders, however small the percentage.”


What other people are saying about Bird Watching In Lion Country


a. “I am a forex market veteran with years and years of experience in several large banks and now that I am retired and am leading a leisured life I have turned to assisting individuals with their trading problems. As a result I work with many people that came from all sorts of training backgrounds and DrForex's BWILC is like a wonder cure for the majority of trading diseases and ailments. Not only is it so comprehensive, so insightful and so "alternative" that it immediately grips you as being an original but it is, considering the prices out there for any form of information, a steal at the price. E-books can sometimes be a bit on the thin side. You've got your reading cut out for you on this one. It is not a typical e-book. It is rather a book in e-format.Many people have spent hundreds and even thousands of dollars for much less. And even then the path is not clear. “- Steve Pickering, ForexTraderMentor

b. “Since April of this year and the week I have read BWILC I have been profitable every week except one. I have very high hopes now on my future trading and I am on schedule to make my goals.A book so delightful you won't want to stop reading it, but you won't want it to end either.”-B Martinez, Nexum Capital

c. "Bird Watching in Lion Country" is a great read, very clear & understandable. I learned a great deal from it, even after 3 years following the forex market. I would recommend it to anyone.I was mentored by Dirk (still on going with his daily briefings) and following his 4 x 1 strategy. The good thing is he does not make any promises and explains the FX market realistically.”- FX Max, MoneyTec Forum

d. “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. 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.”- William,Tulsa, OK

e. “Hello DrForex,I just finished reading and re-reading BWILC. It is worth its price many times over.”- RedDuke, Moneytec FX Traders ForumMore information about Bird Watching in Lion CountryClick Here!

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