Click here to read or submit reviews and ratings for Bird-Watching-In-Lion- Bird Watching In Lion Country by Dirk Du Toit. Reviews for BWILC by Dirk Du Toit at By traders, for traders. Hi: Does anyone have any experience with or opinions about the book [U] Birdwatching in Lion Country[/U] by Dirk du Toit? Other than the.

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Except maybe for Part 4, so you skip over Parts 1 – countdy directly to Part 4 to get the secret formula. I want to introduce this critical aspect: In my mind, the book ‘Bird Watching in Lion Country’ stands out as an eye-opener in a sea of dreadfully mediocre or worsecookbook-style forex trading books out there.

Bird Watching In Lion Country By Dr Dirk Du Toit

The President of the company, instead of being prudent, was rumoured to be profligate. It has become fashionable to bandy about the concept of stop losses and where to place them. Your chosen significant time frame cant be too long or too short.

Try to take into account that this market will go against you, you will have out-of-themoney periods, and there will be periods where inactivity is your ally and this can be frustrating to tit novice. There are people who believe this, that trading is a lottery, but they are hopelessly wrong. This is not easy for unlike many other wathing the currency market has no headquarters, no CEO, no employees like a company that issues stocks. The trick is to find a way of managing the randomness while taking advantage of market conditions – the outcome of which you can predict with a higher degree of probability.


Forex Falacies Exposed: Bird Watching in Lion Country

The concept of overshooting, trading data releases, the 24 hour day. It is nice, sure, but needing that fix is dangerous. Whatever your goals are, make sure you keep your feet on the ground.

The answer is yes, and specifically the answer lies in, once again, not being too literal, walking around the bush before picking up dangerous objects, standing back from the highway to get a good perspective, and understanding the deep connections that are at play in the world of foreign exchange.

This report is not intended for use as a source of legal or accounting advice. Faster, slower, faster slower, noise, noise, noise. Very few people, if any, can finish reading a How to book on trading, put it down, open an account, and start trading profitably.

You have it instantaneously just like the other market participants. Close all positions before the release. Most day traders err by picking time frames that are too short.

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. From these connections you make deductions which proceed to trading decisions based on specific prices, or rather price levels. That is very useful. No part of this ebook may be reproduced or transmitted in any formwhatsoever, electronic, or mechanical, including photocopying, recording, or by any informational storage or retrieval system without express written, dated and signed permission from the author.

So I assumed thats the lowest leverage one can possibly go. Personal time frame Your personal time frame is the time you have given yourself to make money, for example, a month, a quarter or a calendar year. This requires some practice and it is no good having one set view and thinking that is the right view. This provides a comfort liob because there is a high probability that immediate future price action will occur within this dr.ddirk zone.


You can see the clash of opinions on this book by its reviews on sites such as Forex Bastards. I dont know why.

Dirk du Toit’s Bird Watching in Lion Country

That is sometimes necessary, even good, but how much simplification does this complex market allow before it punishes you, not for simplifying, but for being simple? But it’s not an easy one. Except they dont know that its a highway and that these hurtling objects are cars. And if you read up on these things then you will know that whereas the equation comes from the early part of the twentieth century it wasnt until later that scientists properly understood its connection to the atom bomb. Dirk has a new book out there as in Remember, its mine, you can use it, but adapt it, personalize it to fit you.

By taking this approach we close the gap between the reality of what is out there and the reality of what is in here my mind and the picture I have of the market.

This will fundamentally affect every aspect of your trading and the choices you are going to make, and sometimes be forced to make, regarding your trading business. They have apparently conquered the basic psychology about greed and fear.

The book contains personal opinions and convictions gleaned both from my head and my heart.