Du Toit starts out with the principle that the forex market is a dangerous jungle – lion country, in fact. Wherever we turn we are set upon by gurus and experts, some of whom probably do not even trade successfully themselves, all trying to sell us something to make forex easy. A simple system that a baby could master, a forex robot that you can set up in five minutes, whatever.

Du Toit’s premise is that there is no way anybody can profit from trying to make forex easy, because it just isn’t. If you want to go bird watching in lion country, he says, you must take precautions. You must know what you are looking for but even more important, you must know what to avoid.

If you are looking for a simple forex trading system based on one indicator with fixed rules that you never break, this is not the ebook for you. Du Toit’s system takes many different factors into account. He argues that you cannot expect to trade forex profitably for any length of time without taking account of fundamental factors, i.e. market forces.

The original Bird Watching In Lion Country was very popular, with great reviews, and became known as a must-read for all serious traders. It was continuing to sell well and covered aspects of the forex market that are not going to change in just a few years, if ever. So what’s with the update? Why has Du Toit taken the trouble to release a new version, and what does it cover?

Get more information by clicking here

The good news is that all of the essential ground is still covered in the new version. The book is still the best comprehensive guide to forex trading that you are likely to find online.

Bird Watching In Lion Country 2010 Review gives a little more attention to certain things such as drawdown which were skimmed over too quickly for some people in the first edition. Drawdown is vital for determining risk and therefore it is a necessary part of any flexible forex system such as the trading method outlined here. There are also examples from real trading situations.

There is a huge amount of information here. Du Toit’s style is straight talking but explanations can be long. Beginners may find it confusing in places but just go on reading. By the time you reach the end you will almost certainly be fired up and ready to trade, or even ready to read it all over!

One small negative is that after you download the ebook, you will be encouraged to join a mentoring program. Like most mentoring programs this is not cheap and has a very restricted number of places available. It can be frustrating if you are keen to join this and cannot because there is no space for you. Alternatively, some people do not get along with mentoring and feel that it is not worth the money.

So when you buy the ebook, remember that there is enough there to give you all the information you need for successful trading. You may not need coaching and even if you decide that you do, it’s not so bad if you have to wait a while. Bird Watching In Lion Country Review stands out by itself. Taking the time to practice the skills taught in the ebook means that you will be in a better position to make the most of mentoring if and when you decide to go for it.

In short, Bird Watching In Lion Country 2010 is a must-have for any forex trader. Whether or not you already read the previous version, get more information on Bird Watching In Lion Country 2010 today by clicking here

That is, the one perfect system that will make money, if not every single time, then at least 90% of the time. Reports in advertisements of systems that have an amazingly high success rate support the belief that such a perfect or near perfect forex trading system exists. And yet when the average trader starts using these systems, suddenly the success rate is not so high after all.

The perfect system, like the legendary holy grail, cannot be found.It is easy to become disillusioned when systems turn to dust before our eyes again and again. However, all we have to do is get real and there is every chance of finding a good, workable system rising out of that dust. We just have to lower our expectations and understand that any system will have variable results.

This is partly because of the inconsistencies of the market and partly because of the inconsistencies of human traders.All we need is a system that returns a profit. It does not have to be a big profit, it will add up. It does not have to be always successful, either.

If you want to find a good book on a forex currency trading system then click here

We must just set our risk low enough that even the worst possible series of losses will not wipe us out, and then statistics will take over.The best forex currency trading system is one that is offered and used by somebody who is actually making money with it themselves.

Anybody who has a personal contact with a successful forex trader has a huge advantage here because they can probably point you in the right direction. But keep in mind that they will not necessarily be able to just hand over their success to you on a plate. Often, a trader has taken years or even decades working on their mindset to make them able to use a particular system successfully.

They probably also have a large account balance which gives them a wider choice of broker and more flexibility over lot sizes and leverage.If you are buying a forex currency trading system online, be sure to choose something simple.

Many people make the mistake of thinking that a successful system will be complex and difficult. This is not true. What is difficult in forex trading is implementing the system. This requires a cool head and a good understanding of the tools of technical analysis.

The simpler a system is, the more likely it is that a new trader will be able to implement it well without making mistakes.In fact, it is probably true to say that a beginner is better off with a simple system that does not make money, than a complicated one that does.

Since he can use a demo account, he will not lose any real money. He can learn all the techniques of trading and build his confidence and trading discipline without ever being tempted to go live. In fact, probably the best advice a beginner can receive is to start with the simplest forex currency trading system that he can find.

If you want to find a good forex trading book on a forex currency trading system then click here

So what are the essentials that you should look for in your forex guide? First, it should cover the basics. Even if you know most of the language, you will probably learn something new from this section. It should explain the terminology of the forex market, such as pips and spread.

One of the best forex books o read when you are starting out is Currency Trading For Dummies, click here to read an excerpt.

Then it should cover technical analysis, that is, the analysis of the market using charts and indicators. It should explain how to read a candlestick chart and cover the most useful of the technical indicators including those based on moving averages. It should explain support and resistance, and how to identify a trend.

Beyond that, a forex guide will normally cover at least one forex system. In many cases a forex ebook or training course will focus on teaching you one particular system that the author has used successfully. This is often much more useful than a book that covers a lot of different systems in a sketchy way. Following one system step by step is probably the best route if you want to begin trading successfully as soon as possible, which most traders do! Nobody ever sets out intending to be one of the losers!

So it is very important to have clear instructions for the central system that is being taught. If it is an ebook, expect some screenshots so that you can see examples. You may be lucky and have something that includes video training. This is probably the best way to learn, assuming you are able to follow the narrative. People who have English as a second language may find a written book easier to understand. You can actually pause the video while you go copy the step exactly, then click on play when you are ready to continue.

A good currency trading guide will not ignore the vital subject of psychology. Mindset is just as important to a forex trader as his or her trading system. This is one of the things that beginners find hard to understand. Everybody wants the perfect money making system, but they do not want to learn about things like stress reduction and developing patience. Most traders have to hear over and over how important this is, before they stop and take notice. Learn all you can about psychology from your forex guide, because it can turn a losing trader into a profitable trader.

The best place to look for forex trading courses is on the internet. You can get everything from a cheap ebook explaining the basics of the global currency trading market to a high ticket seminar series or coaching. A lot of materials are even given away free.

Do not assume that the quality of materials is precisely related to the price. By this I mean that you can sometimes get information for $20 that will make you more money than attending a $500 seminar. If you are a beginner the $500 seminar might be completely over your head and you might get virtually nothing from it. What matters is getting hold of the right information for your level.

Beginners need to cover three main areas when they are looking for currency trading training.

1. Terminology

Like most subjects, forex trading has its own language in some respects.  You will need to understand terms like pips, spread, bid and ask prices, base and quote currencies, etc.

2. Practical Matters

Next you should move on to practical subjects like how to choose a forex broker, how to read a japanese candlestick chart and use indicators, taking account of news and the economic calendar, and how to set up a simple trading system. If your forex ebook or course includes a system, you will want to know how to practice that in a demo account.

3. Mindset and Success Notes

This is probably the most important area of all, but it is hard to appreciate that when you are just starting out. How you deal with stress, fear, excitement and risk are vital to your success. Read as much as you can on this subject and make notes of practical steps that you can take to assess and manage your risk, deal with stress, etc.

As I have said, a forex trading training course can take many forms. The ebook is the simplest, and if it is accompanied by videos so that you can see how things actually work on a live trading system, it can be one of the most effective. Ebooks range in price from free to around $100 or more. What it covers is more important than the price.

One ebook will not necessarily contain all that you need to know, but if it has a few nuggets that you can actually use to make money, it was a good buy. You can see this as an investment in your global currency trading training since you should be profiting from the information if you apply it correctly.

However, it has some advantages over stock trading. In this article we will look at 5 good reasons for getting into FX or forex trading.

1. It is easy to get started. You just need a computer and a broadband connection, and most people in the western world have those at home these days anyway. You will hook up to websites of a forex broker where you can log in and trade.

2. It can be risk free in the beginning. Most brokers offer demo or dummy accounts so that you can try out their systems and tools without risking any real money. This means that you can learn to trade successfully in demo mode, and not go live until you are sure that you can be profitable. Do not be impatient because this will lead to losses.

3. Unlike the stock market, the FX forex market is open 24 hours a day during the business week. This is because forex trading is not limited to your own country. It involves all of the world’s currencies. From Monday morning to Friday night it will always be business hours somewhere in the world, so trading is happening there and via the internet anybody can join in. The advantage of this, of course, is that if you have a job or other responsibilities during the day, you can still trade in the evenings or early mornings.

4. You do not necessarily have to spend a lot of time watching the markets. Some systems rely on longer term trading where you might only have to check the markets once a day. This can be useful if you do not have much time available. On the other hand, if you can be online for longer and prefer to be in and out of the market fast, there are day trading and scalping systems to suit that style of trader.

5. Training does not have to be expensive. While there are forex seminars that can cost thousands of dollars, you do not need them when you are just starting out. You can learn the basics from websites, books and inexpensive ebooks. You also have access to many forex forums online where you can get help and advice from other traders.

Forex trading is nothing like having a regular job with a salary. There is no security and plenty of risk. In this respect it is like starting your own business. Even if you are very successful you will never make the same amount two months in a row. So you must be an adventurous type of person if you plan to take up FX, forex or currency trading. Probably the best advice for beginners is to begin reading some Forex Books either in printed form or good Forex eBook online.

On the other hand, there are some secrets of success that will work for practically everybody. These focus around mindset and good practice and they are much more important than most people realize. In fact, they are probably even more important than your system. So check out these 5 forex trading secrets to success.

1.  Set A Morning Routine

Every morning (or whenever you start trading) there will be certain things that you need to do. The first is to check the economic calendar for the next 24 hours. This is vital and you can be sure that the one day you forget will be a day that something big happens. So if necessary, set up something on your computer so that you see a reminder as soon as you log in.

Email is a distraction so give yourself set times for checking and answering email, and close your email client the rest of the time. The last thing you want is an icon flashing or bleeping about incoming mail when you are in the middle of a trade. The same is true of your phone.

2.  Move That Body

Sitting at a computer all day without breaks is one of the worst things you can do to your body. Be sure to stand up, walk around and change the focus of your eyes at least once an hour. Get a drink of water or visit the bathroom and instead of rushing straight back, spend 5 minutes pacing the room or looking out the window. This will help you to relax and avoid serious problems such as thrombosis or eye strain.

If you are working at a desk full time, either for your trading or in a day job plus your trading, plan some workout time into your day too. This could be when you first wake up or later in the day, but make it at least two hours after a meal. Choose either cardio, flexibility or strength training and aim for at least 30 minutes, 4-6 days per week.

3.  Get A Life

If you are not going to go completely crazy, you will need to have some outside interests. If you have a partner or family around you, they will probably take care of most of your spare time. If not, seek out friends or pursue a non-trading interest that brings you into contact with other people. It can be tempting to want to do nothing but trade, but you will burn out fast that way.

4.  Use The Forums

Forex forums can be great for chatting online with other traders. You can ask questions, give and receive advice, check out reviews of systems and pick up a lot of forex trading secrets and tips. It gives you somewhere to go when trading is slow. Just make sure you don’t start spending all day there … it is easy to do.

5.  Spread Your Wealth

When you are starting to make good money from your trading, it is time to diversify. Consider investing some of your funds in property, bonds or even stocks if you have the knowledge of that market.

Even if you are not yet making enough to want to divert money away from trading right now, you probably only need half or less of your funds to be in your account, so withdraw the rest and invest it safely. This means that even in the worst disaster you cannot lose everything. You will not regret doing this. Protecting your funds is one of the major forex trading secrets and golden rules. If you want to learn some more about forex trading basics check out this forex ebook.

The first thing to look out for when you are choosing from the selection of forex books is that you want something that is up to date. There are some currency trading classics that were written back in the days when you had to have many thousands of dollars or be working for a bank in order to trade currency. Those may still hold some interest for the professional trader, but they are not necessarily the best choice for a beginner.

The internet has revolutionized online forex trading and created a huge number of small time retail traders working from home, often in their spare time. If you are one of that crew, you have different needs in terms of trading and education than the professional trader of ten or twenty years ago.

So that is the first point, look for something written recently, and something that addresses your own situation, according to whether you are a beginner or an experienced trader looking for new systems or more tips to enhance your forex learning experience.

Next you should think about the author. You would assume that all would be written by experienced and successful traders, but that is not necessarily the case. The authors might be professional writers commissioned to write about forex trading but without much practical experience of it, or they might be involved as a broker or in some other way on the fringes of the currency trading world. However, you are likely to get better tips from a genuine trader who has been in your situation and made a success of it, so look for something practical, even if the author might not be the best writer.

Whatever you choose, make sure that it covers the vital subject of risk management head on. This is something that many forex traders neglect, but it can make the difference between boom and bust for our funds.

You might want to consider buying a forex ebook rather than a printed book. These tend to be shorter, without the fluff, and much more practical. It is human nature to assume that bigger means better and to want more pages for your buck, but in fact, the opposite is often true. If you have to wade through a ton of introductory information that you can get elsewhere or are already familiar with, you could miss the genuine gold nuggets of information that could help you make money with forex trading for real. An ebook of 50 to 100 pages, full of step by step practical trading information, may be much more use to you than a whole library of 400 page printed forex books.

Currencies are exchanged for many reasons. Anybody wanting to travel in a foreign country will need to change money, and any business that wants to import or export goods will need to deal with other currencies.

So how do people make money with currency trading? Well, if you travel much, you will know that the exchange rate of one currency against another is changing all the time. Because of this, it might happen that you could profit from foreign exchange by chance.

For example, you might be planning a trip overseas so you change some money. Then your plans change so you don’t go. You change the currency back. In the meantime, the value of the foreign currency that you had will probably have changed. You will not get back exactly the same amount that you paid for it. Since your bank will have charged commission, in most cases you get back a little less. But if the value of that currency had risen by a good amount, you might get back more than you paid. In this case you would have profited on the exchange.

Trading currency is a little like this. However, when you are involved in forex trading you never actually see the foreign currency that you are buying. It just shows as figures in your account with your broker.

What is more, you would be dealing with much larger amounts. Forex trading uses ‘leverage’ which means that you can control a large deal with only a small percentage of the value of the currency involved. All you need to put up as an investment is about 1% of the currency you are buying, or sometimes less. Currencies are relatively stable, so the value is not likely to change by more than this amount in a short time. Therefore, your broker in effect loans you the rest.

This means that you can trade currency worth $10,000 with $100. Or if you use 200 times leverage, with just $50. This enables large profits to be made with a small account balance. This is the main attraction of forex trading for most people.

Of course, like any speculative investment, forex trading is a risky business. It is better not to trade with money that you need for anything else, because it might be lost. Fortunately, most brokers will allow you to begin with a demo account. This allows you to start trading with ‘toy’ money, so you are learning to trade profitably on the live market but without any risk.

It is best to continue to use a forex demo account until you are confident of being able to make profits consistently. At that point you can begin to earn extra cash by using real money to trade on the foreign exchange market and that is when you will begin to trade for real and that can be a very exciting time indeed.

Many books are also available now online in the form of a forex ebook. Sometimes these are regular printed books that the author has converted into an online format, and sometimes they are ebooks only. You can generally download these instantly onto your computer the moment that you buy them without waiting for delivery or paying any shipping charge. You can then print them out if you want to, or simply read them on screen. This can be very convenient.

So how do you check that the forex book you are considering buying is not a scam?

In fact you need not worry too much because it is rare for a book or an ebook to be a scam. Usually you will be sent what you paid for. Whether you like what you are sent is another question, just as with anything that you get from mail order or online. In most cases you can get a refund anyway so it should not be a problem.

There certainly are forex trading scams but they mostly consist of people trying to get a hold of your investment funds. So do not rush into placing your funds with the first advertised broker or management scheme that you see. Check them out through forums and reviews for customer feedback, and be sure that they are regulated in whatever country they are based in. It is usually best to invest your money through a company in your own country or one that has plenty of laws preventing fraud and scams.

Even though your forex book is not likely to be an outright fraud, there are still some books that are much more worthwhile than others. For this reason it is worth taking a moment to check on the author’s own trading experience before you buy.

Be sure that the author does not downplay the risks, because forex trading is a risky business and you need to be fully aware of that. Look for feedback from other people like you who are putting the system into practice and check out their results if you can. All of this will help you pick out the best forex book to suit your needs from the many that are available.

Here is a  review of a forex product made by a retired airline pilot that has made a fortune from Forex Trading At Home. He was forced by the Government to retire at 60 and decided that was too young! Here is a review of George Smith’s story

Forex Trading Made E-Z Review

This Forex Trading Made E-Z review will examine the system for trading on the foreign exchange currency markets developed by George C Smith. When you order Forex Trading Made E-Z you get an ebook and 12 training videos setting out the system in step by step form.

The basic structure is that you have the ebook which you can download instantly when you place your order (any time of the day or night). Inside the ebook you have the links to each video at the point where you need it. So you will see a written explanation of a chart or a technique, and there will be a link right there to a video that you can access on the internet showing you the actual action.

Strengths

The ebook is 84 pages but there are plenty of charts so there is not a huge ton of text to read and remember. This is basically one system and George Smith tells you how he trades using candlestick charts and latitude lines with the aim of increasing his bank by 5% each day.

5% each day may not sound much until you do the math. It comes out to mean that if you had no losing days, you would double your money every 17 days. In 90 days you could grow $100 to over $7,300. Of course losing days are a fact of life and if you don’t accept that you will be tempted to take stupid risks, so it is better not to expect anything like that speed of growth. George Smith’s point here really is that you should not be trying to make more than 5% a day.

The combination of ebook and videos is excellent. Most people’s best way of learning to do something practical is to follow along with somebody else showing them, and online videos are perfect for that. But it’s also good to have something you can print out on paper and refer back to quickly when you just need to check something.

Experienced forex traders will probably skim through the first few chapters of the ebook quickly and go ahead and try the system right away. Beginners should take it step by step and watch all of the videos.

One of the strongest points of Forex Trading Made E-Z is that it explains everything for the complete beginner, in the shortest and simplest way. There is no fluff about the history of forex trading or the relative merits of different currency pairs. It explains what you need to know to start making money and that’s all.

At the same time, there is a link in the introductory section to another ebook that you can download for free that will explain the theory in greater detail for those who want it.

Weaknesses

If there is one weakness it may be that complete beginners will be tempted to rush through the ebook without watching the videos. Some people who do this may be scared off by looking at the charts and techniques in later chapters which could seem complicated if they did not take time to understand what was going on in the earlier steps.

However, the bottom line is that to be successful with forex trading you do need to be happy looking at charts and figures and dealing with money. If the sight of a candlestick chart makes you run for the hills, you probably should not venture into the live markets at all.

On the other hand, if the first time you see a candlestick chart you are eager to find out what it means and discover patterns in the blocks of color, you could be well suited to forex trading even if you are a complete beginner right now. You will enjoy getting to grips with the system laid out in Forex Made E-Z.

Just be sure to go right back to the start, watch each video as you come to it and try out every tactic step by step. George Smith is not a big fan of demo accounts but if you are just starting out with forex trading I believe you should use a demo account for this system in the very beginning just so you understand exactly how each technique works. This saves you losing money just because you misunderstood something or applied one idea the wrong way around.

Support

To receive support you must opt in to the updates notification list when you are ordering the system. Then you will have the possibility of contacting George Smith personally if you need any help or clarification.

You will receive updates with new ideas, explanations and even links to new videos from time to time. So definitely don’t miss your chance to sign up for the updates list when you get Forex Trading Made E-Z.

George seems to be a friendly guy who will help you out if he can. Keep in mind though that you are not dealing with a huge company here. He is just one retired guy with limited time who is not going to be online 24/7. Allow a few days to hear back from him.

The Bottom Line

Gives you one clear system in double delivery through ebook and videos. Great for beginners who are wondering where to start among all the conflicting ideas about forex on the internet. More experienced traders can pick up new ideas.

Forex Trading Made E-Z review verdict: 5 stars.