Bird Watching in Lion Country explains based on Author's experience as a trader. His approach is "out-of-the-box" and subscribe to most market wisdom with a twist. For instance "cut your losses and run your profits" is one of the most bandied about trading principles. From his outside-the-box approach, certainly do not differ from the principle that your first loss is your best loss. But if your "cut losses" is in effect "stop-your-profits", well then you are going to have a hard time making money.
You know the market dictum "buy low, sell high". But do you execute this principle within the context of the recent price action? It very clearly explain to you what is low and what is high in the currency market, not always as simple as it seems and how to build a trading system that is serious about this extremely important aspect of profitable trading.
In FX STREET.COM TRADER OF THE YEAR CONTEST 2007. 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 winners traded according to the Bird Watching in Lion Country strategy.
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