Bird Watching in Lion Country Reviews

petr

I have read Dirk's book at least 3 times from start to finish, not including times when I have referenced it, as I like to keep my reading to a select few and read them many times for full impact.

What struck me the most was Dirk's account of one great month he had during the Euro run in 2003 or maybe 2004. A month that anybody would be extremely proud of, but it wasn't the results he got, it was that this man was human, I could sense it in his words. He wasn't boasting, in fact you could almost sense that it was his most gruelling, but, most rewarding battle with the markets he had ever encountered. Just his reminiscing of this encounter for the sake of his book, you could feel the sweat on his palms.

You will get a lot more from his book than what I have just suggested, but if you've been trading a while, you will appreciate this book just for this section alone.

I am now in the Jungle bird watching in lion country. I have done away with my binoculars that did not allow me the broad view so I have a better chance to see both the birds and the lion nearby. Just in case though there is a safari jeep near-by with a big sign on it: Dr.Forex!

All in all, a must read!

I never thought an e-book could ever belong with the classics, but this one is the real deal!

Quite simply this book revolutionised my thinking about many areas of trading. The book is worth the price just for the information on stop losses and leverage let alone the excellent 4x1 strategy.

Thanks for making this e-book a reasonable price too, I may have missed out otherwise.

After reading the book you will wonder how anyone makes consistent profit from Forex without using these methods.

Thanks.

I believe that Bird Watching is simply the best thing that could happen to ANY trader. I have been around for a few years, had my ups and had my downs, made some steps forward, some steps backward. I wish I had read this book first. It would have saved me a great deal of time and money. But now I have made a break-through in my trading.

In Part 1 of Bird Watching Dirk refers to the fact that every successful trader has some "AHA!" experience and then he expresses the hope that Bird Watching will contribute to the readers' AHA! experience. It certainly did for me and I am sure it will also do the same for many others.

"Bird Watching" opened my eyes to the importance of price action over a much broader timeframe than I had been viewing before. Suddenly I saw price in a context of time and a price range that gave me my first 'aha'. That was not all, price action immediately made more "sense" now that there was a "framework" built around it. I felt more in tune with the market because I could see the market in a context that I chose. Then came my next 'aha'. I realized that price was contained in the framework in such a way that I could look back and learn, and then look ahead with much more confidence in making my trades. I have become more confident in taking positions because I am focusing on the trend rather than an intra-day move.

I see my trades in a new, calming, light. When trades go my way, I can better see where they are headed and I know how to improve my position and then when and how to best take profits. When trades go against me I can see them in context of the larger picture which helps me decide what to do. I have also learned that a loss is only counted when I make it a loss. Patience and trust have turned negative pips into profits. I feel in control, that is the best part.

Louis

If, like me, you have already experienced the pain of tight stops getting hit more often than not, high leverage causing high losses, etc., then do yourself a favour and read this book before doing another trade.

Dirk has opened my eyes to a new way of approaching forex trading by exploding most of the myths propagated by those that profit the most from them i.e. the dealers that encourage us to; use tight stops; cut your losses and let your profits run; use high leverage etc.

This is the only book on forex trading that I have read from cover to cover in one sitting and then started again. You need to read it more than once to assimilate everything that Dirk has to offer. It's the top of my pile of must read books on trading.

Don't expect a fool proof system that can be mechanically traded to make 100 pips a day/week/month, it's not that kind of book but he does explain in quite some detail how he trades for a living using his 4 x 1 strategy within a median grid. For me it's been the best book on trading I've purchased, it's just incidental that's it's probably the cheapest as well.

After 3 years of unprofitable trading I now believe that the light I see at the end of the tunnel is not an approaching train.

I have read many books on trading and would place this among the best of them. This is a must read for anyone considering trading or investing in the Forex markets.

Reading through the Internet one gets the misleading impression that the very short term technical approach to the market is the only approach available to the newbie retail FX trader. Nothing of the like! In BWILC one finds a refreshing new approach which I find to be a more professional and also more relaxed way to trade.

This book offers a view of the FX market which is different to the bulk's view, and also an honest, intelligent and professional one.

July 12, 2005.
Ramón Miras - Madrid, Spain.