Bird Watching In Lion Country
Retail Forex Trading Explained…
A few year ago, Dirk du Toit wrote this book.
Below are some of his ideas, as i can remember them. I hope this will help you to understand better the forex exchange market.
he has a personal trading system, 4×1 and median system.
it’s very important to understand probability.
trading is not a spectator game.
don’t forget that, we traders, are the market
the forex market is a game, a game of chess…
stop further losses
in currency trading, you live in real time, or you don’t live at all.
he believes that you must never forget that in the end forex is only a business where you must have profit.
don’t underestimate your common sense.
don’t use a very high leverage.
Forex exchange market is not a common exchange market.
be open minded and think always outside the box.
don’t be focused only on a technical analysis as also only on a fundamental analysis.
have always a goal, very clear stated.
have a business plan
don’t forget that there are no non-emotional trading.
have patience, tomorrow is another day.
you must be very disciplined.
As I will remember other ideas, I will post them here.
This is not supposed to by a very technical blog, is only a simple way to present some ideas I came across will trying to understand better the FOREX market exchange.