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Main » 2010 » Pebruari » 22 » Download Free Beat the Forex Dealer: An insider's look into trading today's foreign exchange market
3:34 AM
Download Free Beat the Forex Dealer: An insider's look into trading today's foreign exchange market
Beat the Forex Dealer: An insider's look
into trading today's foreign exchange market
Product Description
The foreign-exchange market is often referred to as the Slaughterhouse
where novice traders go to get 'chopped up'. It is one of egos and
money, where millions of dollars are won and lost every day and phones
are routinely thrown across hectic trading desks. This palpable
excitement has led to the explosion of the retail FX market, which has
unfortunately spawned a new breed of authors and gurus more than happy
to provide misleading and often downright fraudulent information by
promising traders riches while making forex
trading 'easy'.
Well I'll let you in on a little secret: there is nothing easy about
trading currencies. If you don't believe me then stop by Warren Buffet's
office and ask him how he could lose $850m betting on the dollar or ask
George Soros why his short yen bets cost him $600m not once but twice
in 1994. What's wrong with these guys, don't they read FX books?
In reality, the average client's trading approach combined with the
unscrupulous practices of some brokers make spot FX trading more akin to
the games found on the Vegas strip than to anything seen on Wall St.
The FX market is littered with the remains of day traders and genius
'systems,' and to survive in the long-run traders have to realize that
they are playing a game where the cards are clearly stacked against
them.
Have you ever had your stop hit at a price that turned out to be the
low/high for the day? Bad luck perhaps? Maybe. What if it happens more
than once? Do you ever feel like the market is out to get you? Well
guess what, in this Zero Sum game it absolutely is.
Covering the day-to-day mechanics of the FX market and the unsavoury
dealings going on, Beat the Forex Dealer
offers traders the market-proven trading techniques needed to side-step
dealer traps and develop winning trading methods. Learn from an industry
insider the truth behind dirty dealer practices including:
stop-hunting, price shading, trading against clients and 'no dealing
desk' realities.
Detailing the dealer-inspired trading techniques developed by MIGFX Inc,
consistently ranked among the world's leading currency trading firms,
the book helps turn average traders into winning traders; and in a
market with a 90% loss rate winning traders are in fact quite rare! More
than just a simple manual, Beat the Forex
Dealer brings to life the excitement of the FX market by delivering
insights into some of the greatest trading triumphs and highlighting
legendary disasters; all written in an easy to read style.
Make no mistake about it there is a lot of money to be made in currency
trading, you just have to know where to look. Sidestepping simple dealer
traps is one way of improving your daily p&l, but it is surely not
the only one. Successful trading comes down to taking care of the
details, which means skipping the theoretical stuff and providing only
up-to-date, real-life examples while sharing the FX trading tips that
have proved so profitable over the years. By stripping away the theory
and getting down to the core of trading, you too will find yourself on
the way to beating the forex dealer!
