Beat the Odds in Forex Trading

Ibelieve an aspiring trader who applies the principles of this book will save two or three years of practical education in the real market and at least $20,000 of investment capital.

Over the period of time that I have been dealing with speculative currency trade, I was lucky enough to have an opportunity not only to accumulate significant personal experience, but also to observe the work of

several hundred independent traders. In addition, I have more than a

decade of experience in teaching the theory and practice of currency trading to individual investors. I have also been studying the experience of

other traders personally, via books and other publications as well as

through participating in discussions at various professional seminars and

forums, and have corresponded with traders/colleagues from many countries around the world. This additional experience has allowed me to conduct my own comprehensive research on problems that all serious traders

run into during their professional careers. I have also been able to gather

extensive material that has served as the initial base for this course and

that I have used to create my own trading method. Although nothing ideal

exists in nature, I believe my method of trading deserves some serious

consideration by those who chose speculative currency trading as a profession or just as a source of additional income.

I would like to start the introduction to this book by mentioning that

my own experience as a FOREX speculative trader, and the experience of

my respected colleagues whom I have met personally or through publications, has shown that the problems all individual traders have to deal with

are virtually the same. However, the number of solutions to the problems

is almost the same as the number of traders themselves. Over time, practical results can range from complete triumph to complete desperation. For

each participant, this business starts with a variation of a famous line from

Shakespeare’s Hamlet: “To be a trader or not to be.” Is it worth risking

money, time and sometimes even a career built in another profession, in

order to reach success in a new field? If you join this market, how do you

enter into that desirable 5 to 7 percent of participants who statistically

succeed? How do you reach success so that the money, time, and energy

invested into this business will not only be justified but will also bring you

significant dividends? Each participant should be able to answer these

questions personally; my task is more modest. For those who have already

made the choice in favor of “to be,” I offer my version of the secret about

how to beat the odds and win the market game. I truly believe this book

will allow novice traders to save a good deal of time and money that otherwise would be wasted by following the traditional trial-and-error

method of learning from their own mistakes before gaining the necessary

experience.