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Originally Posted by forex1
I have been asked by another MT member why I said "Bird Watching In Lion Country" is a good book-
One can easily .... skip over Parts 1 – 3 directly to Part 4 to get the secret formula. This would be a mistake – take your time and read the book from page 1 to 238 because it really explains the forex landscape (lion country) in a unique way.
But don’t skip Parts 1 – 3 just to get to Part 4! 
Good trading to all! |
The above is excellent advice from Forex1. I couldn't have said it better myself. I will elaborate a bit. It is one of my premises that one must really really understand the landscape. If you inherit the family farm, but you lived all your life in the city and you now decide to continue the farming tradition you will probably make a good study of all aspects of MODERN farming. You can't make money today with your grandpa's methods unadjusted.
Also if you decide as a city dweller to take a guided foot tour in the bushveld (lion country, and don't forget the buffalo and elephants and snakes.) (I saw on Discovery recently about daredevil photographers of wildlife, real closeup stuff. On the question if they take weapons along for protection, teh answer was "NO". And the film crew's instruction is to keep on rolling if we are attacked. He also mentioned that many more people die because of the Malaria mosquito than because of all other animals together in a year) it is a pretty good idea to prepare well even though you have a professional guide.
What i did was to take forex market fundamentals and add practical short erm trading ideas based on these characteristics of the
FX market:
For instance:
A piece on how to deal with intervention
A piece on how to deal with the "overshooting" of currencies
A piece on trading fundamental economic data releases
A piece on how to view your broker and adapt your trading approach to benefit you and not him
Something on the 24 hour day and how to adapt that to your advantage
All of this and more is mainly in Part 2 - 3, some in Part 4 (and you don't pick it up from the LIst of Contents - which make me think, I should chaneg that in the Free part 1.
Personally I believe the real good stuff is a little bit deeper interwoven in the text. It's the stuff that explains the ideas that some here calls "flippant answers" if I use it out of context of the book.
Regards