|| Order Now     

A MILLION here ... A MILLION there
... and shortly we're TALKING real money

Let me explain to you once and for all
how to lose your money in the forex market.

It still amazes me every time I search "forex trading" or "forex training" to see all the new forex commerce "experts" out there. Another day, another expert, all vying to reach the top of the heap.   And each one has got ANOTHER easy money-making forex commerce system.

Doesn't it  irritate you that once you probe a little deeper the "experts", "trainers" and "course providers" are mostly failing traders turned "mentors", or Computer network marketers? Aren't you defeated by the fact that you only find copies of web pages you have seen galore times before? Rehashed in a new form, but with the same old stories.  

Ring a bell?:  "only ten pips a trade, 4 times a day and you are financially free"; "commission free trading"; "the banks are devising billions in forex, why not you?"; "I'll show you how to do 200% in the time it takes a Ferrari to go from 0 -100"; "rake in the profits with leverage of 200:1"; "make money no matter which way the market goes"; "start with $250 in a mini account and turn it into millions " Lies, every one of them.

"If you tell lies just about a product you will be found out – either by the government, which will prosecute you, or by the consumer, who will penalize you by not purchasing your product a second time " is great proposal given by the advertising guru David Ogilvy.

I have summarised only a few of the great forex lies above, but I have not yet told you the #1 lie that causes so galore possibly booming forex traders to get lost in lion country even as before they push the button to do the 1st trade. (By the way, if you didn't already cognize it let me be the 1st to tell you: nothing worth your time is easy or free. There are no free lunches. Let me repeat that: NOTHING IN LIFE THAT IS WORTHY OF YOUR ATTENTION, TIME AND ENERGY is free or easy!)

One of the problems that galore folk have in the forex (and other) markets is their wanting to buy, ready-made and off the shelf, a prison guard solution. That is, they want to buy person else's system and just implement it and do money without thinking too hard. This attitude is all wrong. If it were that easy no one would-be activity and everyone would-be trade. But these nicely prepackaged solutions, normally in the form of e-books, are real money spinners. That is why they will be pumped-up out, year after year. Different, format, several cover, same message. "It's easy, just buy me, I'll show you the way."

Successful traders develop their own system.

The better marketing wizards in the forex commerce industry however are the market makers themselves, the forex brokers. With all the cash they do from the losers who fall victim to their advertising of tight spreads (as opposed to futures), no commissions (most losers in the stock market believes the commissions are killing them) and low margins (flip side of high leverage) and recently free training, free news, free analysis, they can afford to appear on every  conceivable website with their banners, Google adwords, pop-ups and another advertisements.

Recently I had a discussion with a VP of one of the more prominent forex brokers just about marketing and how they have to vie with the rest. Really nonchalantly he mentioned that really, this business was all just about marketing (and that it was a really nice business to be in!)

If you actually want a surefire way to
lose your money in the forex market, allow
yourself to fall prey to a forex marketing wizard!

Since it is lion country out there the 1st perspective that you must have regarding commerce is wherever you slot into the food chain - wherever do you fit into the money chain as a retail trader? You have to understand your business (turning a profit) in the context of the business of the others in this money chain. They all feed off the forex market and its spin offs and so the outsider, you, often unwittinly find yourself last in the queue. There is an first-class book "Where are the Customers' Yachts - Or a Nice hard look at Wall Street which takes a look at this phenomenon.  You are amongst professionals: professional marketers, professional businessmen, professional market makers, professional dealers, professional analysts and advisors...

If you want to do money in the business of online forex commerce you better have a well thought out business strategy and approach. Don't do that most common mistake and think this is all just about finding a system to enter and exit trades. You will lose your shirt.

Forex commerce is just about being a professional at what you do.

To do it easy for you let me assure you that you don't need a fiscal degree or a doctorial thesis in applied maths to be a booming trader. What you do need is a finely tuned and perpetually developing common sense.

In a weird sort of way, galore of the "follow-my-1-2-3-secret-system" systems all share several of the core ingredients of how to do money. Unluckily it is what they don't have that does the difference.

Not so long ago the forex market was the sole domain of institutions, banks, investment companies and really rich people. Then it came to our neighbourhood, and the little man could play. Obviously, if we want to trade and win in this market we must do several analysis of what's going on in the market, what does the prices fluctuate and so forth.

A typical institution which specializes in forex commerce / forex investment has an army of analysts and economists and traders who do fundamental analysis, technical analysis, quantitative analysis and flow analysis - all conducive to their efforts and their profits. They besides have risk analysts, risk managers, portfolio supervisors and a host of assistants to all the big shots. And they don't only trade spot forex, but another instruments like options, forwards and swaps as well as interest rate instruments. 

The two sectors that have most heavily invested with in the collation of  timely information are the military and the markets (financial institutions). You are probably aware of the common view amongst technical analysts that the current cost contains all the necessary information in the market. In the forex market information is money. There is one little problem, most information in the forex market is quite fuzzy. 

If you want to do money with online forex commerce you better have a clean understanding of what information is contained in the current cost as well as a few another things which I explain in Bird Observation in Lion Country. Here are several of those another things readers told me changed their fortunes in the forex market:

Leverage, temporal arrangement
and randomness

Most folk I come across don't have the faintest clue what the phrase 100:1 or 200:1 leverage means. I give you the right perspective which will change your fixation with temporal arrangement the market and seeing s in so-called signals which are, quite virtually (you can do the tests yourself),  as random as a coin-toss. The moment you understand how more time is wasted on such systems, you will be on track to start developing your own commerce system that will activity for you and not against you.

Technical, Fundamental
and Relative Analysis

Another whopper of a  lie  is that the forex market is ideal for technical analysis. It is the least suitable of all the major markets for technical analysis. Don't fall for this marketing wizardry. It is really easy to concoct  1-2-3-you're-rich technical commerce systems with fancy names. The folk that know, the folk who ready-made real money in forex long before you and I joined the queue, just used the most basic technical analysis in conjunction with fundamental and another types of analysis. I call this relative analysis. This is one of the main keys to success in the forex market.

Cost averaging
and multiple entries

You cognize the market dictum "buy low, sell high". You subscribe to it. But do you execute this principle within the context of the recent cost s?  I really clearly explain to you what is low and what is high in the currency market - not always as simple as it seems - and how to build a commerce system that is serious just about this extremely important aspect of profitable trading.

A PROFIT here ... a PROFIT there ... and really shortly YOU can be a REAL market wizard The forex market is lion country. Bird observation in lion country can be a really rewarding, yet dangerous experience..

In Bird Observation in Lion Country I explain my take on the forex market. I do it based on my experience as a bargainer and mentor. My approach is "out-of-the-box". I subscribe to most market wisdom - with a twist. For instance "cut your losses and run your profits" is one of the most bandied about  commerce principles. From my outside-the-box approach I surely do not disagree from the principle that your 1st loss is your better loss. But if your "cut my losses" is in effect "stop-your-profits", well then you are going to have a hard time devising money.

FX STREET.COM Bargainer OF THE YEAR CONTEST 2007

In 2007 this contest once again underlined the complexness of trading. Only a small percentage of traders could sustain profitability.

Out of more than 50 contestants who entered, only 2 ready-made positive returns (35% and 136%) by the end, 4 months later, Gregorian calendar month Thirtieth 2007.

Both winners listed according to
the Bird Observation in Lion Country strategy.

Colin, 2nd place with 35% percentage over four months:

Torsten, 1st place with 136% percentage over four months:

"Bird Observation in Lion Country" Edu-letter

Subscribe here in order to obtain my educational forex commerce articles.

These articles cover topics relevant to forex commerce like
leverage, forex brokers, forex news commerce and forex training.

Frequently Asked Questions

Q: Is 'Bird Watching' a commerce system or just another introduction to forex?
A: 'Bird Watching' is more than the sum of its parts. It is surely the most practical introduction to the foreign exchange market you are likely to find. In addition to this it describes in great detail and in a simple style a practical commerce system. The commerce system provides a framework from which the absolute novice can be assured he does not start running in the wrong direction and the not-so-novice bargainer will have a wholly new set of tools to assess what he has been doing wrong and what he should be doing.

Q: I am a complete novice to the excitement of forex, however I have stock and futures commerce experience. Is 'Bird Watching' for me?
A: Absolutely. I wrote the book considering who the typical reader would-be be. Odds are really high that it would-be be person with experience of commerce now looking to see if the forex market is all it is cracked up to be.

Q: I am new to trading, and have investigated several markets and hundreds of sites. I find the forex market with its demo accounts, free graphs and tools really appealing. Wish reading 'Bird Watching' be a proper manual to get started?
A: Judging by my readers response, the answer is yes. You will however have to understand that reading even as the better books won't do you a booming trader. But I stand behind the content of Bird Watching and offer a proper mentor programme building on the basics delineated in Bird Watching.

Q: Dirk, I have finished 'Bird Watching' and discovered how silly I have been until now. But I have been burned badly. Can you help me to implement your 4 X 1 strategy?
A: Certainly. I have a proper mentoring programme which allow you a lot of freedom but will besides support you on track to continue doing the right things until everything falls in place.

Q: Everyone says 90% of traders fail. Is this true? How will reading 'Bird Watching' change this for me?
A: The datum is from the futures markets, and I assume it is loosely true. It is however important that you clearly define success or failure. Losing money once you start to trade live even as after months of demo commerce is not necessarily failure. Having aforesaid that I describe in 'Bird Watching' what I believe are the main reasons why galore do end up losing instead of devising money early on and struggle to turn it around. There are basic mistakes that you don't associate with extremely intelligent, rational, abreast of success-orientated people. If you cognize what these basic mistakes are and if you adapt your system to exclude them you must be in an first-class position to be a part of the booming traders, however small the percentage.

Q: Can one actually do a living out of forex trading? What is needed?
A: Yes. You must have enough capital in order not to have to be the better bargainer ever born and out-perform all another booming traders month after month. What is needed? Let me tell you what is not needed: P-R-E-S-S-U-R-E. You can't force the market to do thing at any specific time. You can only benefit from the choices you ready-made at certain times once the market rewarded those choices. You need gritty determination. You need realism - bucket-loads of realism. You need an approach you instinctively trust even as under adverse conditions. 'Bird Watching' describes such an approach. It is basically sound and can be enforced in diverse route by traders with exact opposite views of the market direction and several can be booming over time.

Q: Dirk, you do the point that booming traders start as discretionary traders and eventually once they trust themselves come on to be more mechanical and automatize their booming systems. You besides say in 'Bird Watching' that you are presently busy automating the 4 X 1 median commerce strategy? How are things going?
A: Sure, I stand by that. Booming 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 1st trade in a really discretionary manner before moving towards a more mechanical system (only after it paid profits over a long period of time) and several then come on to full automation. These days with the prolific pace of IT development it is even as easier to come towards full automation, but you can't skip the basics.

Q: Is the book accessible in hard copy?
A: No. It is only accessible as an instantly downloadable e-book in PDF format.

A few testimonials by satisfied readers

PS. You decide:
Either yap from the porch, or run with the ‘big boys’.

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? Temporal arrangement off - once again and again? Finish too close - once 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 discover to ‘listen’ to every word the market is telling them. You need to too. Bird Watching will teach you how.