Bird Ing In Lion Country Pdf

Bird Watching in Lion Country is a top selling forex course written by Dirk du Toit aka Dr. Forex, it covers all aspects to become a successful currency trader. Included is his popular 4x1 strategy to make money forex trading. Currently Dr. Forex is busy automating his 4x1 median trading strategy. The forex market is 'lion country'. BIRD WATCHING IN LION COUNTRY 4. Chapter 1 Who is this book for? This book is for those who read books in order to become traders or better traders. Reviews of Bird Watching in Lion Country by Dirk du Toit, a forex ebook. The book goes into detail about what it takes to survive and make in the forex trading business.

Dirk du Toit's Bird Watching in Lion Country I still purchase some e-books these days, mostly a hangover from my early days in an attempt to find some new insights or terrific system or perhaps simply curiosity. When thinking about reviewing the book Bird Watching in Lion Country I realized how difficult it is to write an objective, fair and substantiated book review. After a while I gave up on the 'objective, fair and substantiated' bit and decided to just write down some random thoughts and hopefully they are of some assistance. Bird Watching in Lion Country is a top selling forex course written by Dirk du Toit aka Dr.

Forex, it covers all aspects to become a successful currency trader. Included is his popular 4x1 strategy to make money forex trading. Currently Dr. Forex is busy automating his 4x1 median trading strategy. The forex market is 'lion country'. Bird watching in lion country can be a very rewarding, yet dangerous experience. Ea Games Fifa 08.

Trend/median trading is a succinct description of his system. Dirk du Toit is fundamentally against highly geared trading - standard 100:1 accounts are a big no no - and don't even think about 400:1. He's good on both trade and risk management. So you won't lose your shirt - but neither are you likely to compound your pot in the other direction with undue speed either.

Basically on a 1 hour chart with around a months data draw in major support and resistance around 300-400 pips apart, and then a range in the centre of that (the median). His theory is that the price will revert to the median with time and uses this to time trades. He recommends low gearing, which allows large stops and only taking entries in the direction of the trend. It's a 200 page book so there is obviously more to it than that, but it is a quite simple less stressful system. Dirk doesn't have a tip service.

However, if you follow his program you will gravitate towards the same approach to the market that he has and intuitively understand how the shared 'fundamental' insights may effect your positions or how you should think about new positions. Dirk does not call it 'fundamentals', but 'market dynamics' - and it is all about getting in tune with how the market discounts, which is IMPORTANT (and stuff the rest) information and how that shows up in prices. Taking the risk that I stand to be corrected by the Doc himself, I would say he is an (not very strict) intra week trader. But that doesn't mean you can't be a very successful intra day median trader. He believes in taking profits regularly off the table and there is no sin in taking a 30 - 40 pip profit, however a 100 pointer is also welcome and necessary from time to time, thank you. In his new book, 'Bird Watching in Lion Country', he very convincingly argues that strict intra day trading is a basically random effort and most won't ever be successful with it. Realizing this his mentoring is geared towards helping one to see that a 'manageable time frame', which can differ from individual to individual, is much more suitable.