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(More customer reviews)I've known "Joe" for years now, from the time he hosted me on a tour of a 500-ft submarine destroyer battleship in the North Sea - all the way to now, as he successfully manages his own funds on a few hours of trading per day, with a low-risk strategy. The reason I tell you this is because it's impossible to say that this review isn't biased. I know the guy. I trust him. I plan on investing some of my own investment capital with him in 2011. So with that preface, I want to tell you just a couple of reasons that this book matters, and why you should read it.
In a world where advice-givers come and go, and never show you any evidence of their actual trading ability, "Joe" sets himself apart. You're not just reading a book about theory: you're reading about his own practice. This is what he really does, and he proves it: his trading performance is public, posted real-time, on Twitter, every single day. He doesn't _tell_ you that he trades. He trades. He shows you. Why read anything written from anyone who doesn't show you that they really put their own money to work with the methods that they write about? Many advice givers in this business have decided it's too embarrassing to show a loss - and that embarrassment would harm their business - so they show nothing. I'm sorry to say that in the past, I've done that too - but "Joe" was a significant influence on me changing that, and it has made a ton of difference for me personally. "Joe" has never done any trading that wasn't also simultaneously public. That counts for something substantial.
Second, in a world of books that tell you the same thing that you already learned a year ago in another place - this is refreshing. It's a personal story, but it's also a complete trading method. Granted, it's inspired from something he read and learned from another source - but it's original. It gives credit where credit is due, but then it breaks new ground. I built a small cottage with Strategy:10. "Joe" came along and built a skyscraper next door.
Dollar for dollar (and you know as well as I do how much trading books usualy cost), this is one of the most valuable books you can have in your trading collection. It's a no-brainer. Buy the book.
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Many trading books focus on the technical aspects of market analysis. Others focus on the psychological aspects. This book joins the dots, arguing that self-awareness is of fundamental importance in building a methodology adapted to the trader and the instrument he trades.In walking through the development of his own trading methodology, the author provides a turn-key solution adapted to the volatile, but highly lucrative, regulated Forex market.Whilst nothing can remove the hard work necessary to become consistently profitable in such a competitive business, this book is essential reading for anyone aspiring to build or adapt a robust trading methodology, tailored to his own personality and the specific characteristics of the regulated Forex market.If you absorb and assimilate the principles herein, your trading performance will improve radically. It's as simple as that.
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