In 2007 the FXStreet Trader of the Year contest again underlined the complexity of trading. Only a small percentage of traders could sustain profitability.
Out of more than 50 contestants who entered, only 2 made positive returns (35% and 136%) by the end, 4 months later, September 30th 2007.
Both these winners traded according to the Bird Watching in Lion Country strategy.
Colin, 2nd place with 35% percent over four months:
“The FXstreet.com Trader of the Year 2007 contest recently ended. While the contest itself only ran over four months (June to September) it is pretty interesting that the only two people to show a positive return (that was verified by their brokers) out of over 50 participants both use the 4x1 methodology as taught by Dirk du Toit."
Torsten 1st place with 136% percent over four months:
“It was a fascinating time during summer 2006 when I discovered the BWILC mystery behind it.
I became aware very quickly that this must be the only approach to trading successfully for me.
I started my live account with a small amount and some months later I created my business plan together with an Excel sheet.
By that time, on 8th December 2006, I had started to insert every single trade into this sheet. Up to date I have entered more than 400 trades. Today I use 3 Excel sheets.
And today I am somehow proud about being 1st place in the Fxstreet.com competition. Thanks to the great methodology explained in BWILC.
(The fact that every contestant had to have a live account to participate has to be mentioned here.)”
Torsten
Torsten, had more to say:
“It [the book] was so different to any other trading strategy that I was even more excited the more I dived into this methodology. I knew after finishing that was it. The big AHA came up like never in my life before.
Now, my success has been build on this methodology. It is based on a median trading strategy with low leverage but multiple entries within the same pair.”
And Colin:
“The 4x1 methodology put forward in 'Bird Watching In Lion Country' kept bubbling to the surface of my thoughts. As I whittled down the choices of how I should proceed in my forex trading career, it was the only method that seems to stand true. I obviously had further questions and doubts about my own ability to use it successfully. At the same time, it was an approach to trading forex that seemed simple, robust and adaptable all at the same time.
The ideas and trading approach put forward in the book are complete in and of themselves. It is perfectly possible to take them and make them work straight off the bat, if you are comfortable in doing things yourself and you have the time and resources to work through the inevitable kinks.”
Click Here For Readers Reviews
Bookmark this page | Email this page
