This course is first off a practical introduction to the foreign exchange market, offering a sound theoretical base to start from and build upon throughout your trading career. Secondly, in addition to the theory, you receive a description in detail and in a simple style, a practical trading system. The trading system provides a framework from which the beginner can be assured that he/she doesn't go off running into the wrong direction. The more experienced trader will take from this a completely new set of tools to assess what he/she has been doing wrong and where they can improve their trading.
The unusual title is a metaphor for the retail forex trader to be aware of the dangers of trading with the big boys: the dealers and the institutions in the forex market. You are taught the importance of information in forex trading and how to trade with the market movers, not against them.
Dirk’s approach is somewhat contrarian with his basic principles of low leverage, multiple entry, cutting profits and making sure a loss is a loss before you cut it. However, his approach is intelligent and has much merit. In particular, we found very interesting his claims that the people who made real money in forex did it simply using the most basic technical analysis in conjunction with fundamental and other types of analysis. He calls this relational analysis which is, in his opinion, one of the main keys to success in the forex market.
Bird Watching in Lion Country: Retail Forex Explained - in our opinion, is an online forex education product which puts you on the track to reap the rewards of your own efforts and forex knowledge that you acquire: – You will develop your own forex trading system. This is the point, isn't it? Successful traders develop their own trading systems; they don't blindly follow those of others.
Other extras included:
Dirk offers an extended mentoring programme built on the basics described in Bird Watching. You get forex strategies and ideas to trade upon emailed directly to you and if unsure about anything, you can email Dirk and he will mentor you through any questions and problems that you may come across. He responds to any queries within 24-48 hours.
Conclusion:
