Why do 90% of the people who start trading FX lose money? 'World-class traders, trainers and authors' have spent many years exaggerating, misrepresenting, advocating techniques that no one could ever master, and taught out-of-date, worthless techniques is why. Adding to the fact that new traders trust "experts"; they attend "free" how-to-trade FX seminars offered by self-described expert traders; they buy books that "reveal the secrets" of successful traders and eventually have to learn a lot of hard lessons of big money losses.
This book will arm you with the knowledge you need to avoid the fate of 90% of new FX traders and in turn, big money losses.
How can I be so sure? I was one of the thousands who graduated from the school of big losses. The only thing I became an expert in was losing money. I paid for courses, bought and read books, and purchased a number of software systems when I first became an FX trader.
I only wish is that this book had been available then, being armed with these lessons and those learnt from others' experiences. I would have saved thousands of dollars of hard earned money, years of time, and trouble at home.
This book details the experiences of seven of us who believed the experts. It reveals the ways FX trading experts misrepresent their success, why the methods they teach don't work for traders. Reading this book before you spend anything on "expert" training, you'll know what questions to ask, how to get to the truth, how not to get taken by disreputable trainers, and how you can more likely become one of the 10% of new FX traders who actually make money.
After two years of planning, writing and editing, utilizing Winsor Hoang's 15+ years' experience in the forex market as well as drawing on the experience of others, this book is able to identify the lessons learned and ways to be more aware of the pitfalls of investing in a competitive forex market.
With so many "experts" in the market, taking peoples' money and offering nothing of value in return, this book provides a wealth of knowledge that every new investor should know when entering the forex market!
The Bull, The Bear, and The Baboon offers an insight into the currency trading market through the eyes of seven people, each with a different reason for becoming a trader. Their individual stories and the ways in which they interact and influence each other provide the reader an eye-opening portrayal of the trading world.
Both entertaining and informational, this book reads like a suspense novel and, at the same time, offers practical advice to both the novice and experienced investors. It is a captivating narrative story in what is typically a nonfiction, educational genre.
Inspired by the overwhelming number of swindlers that fool the average individual entering currency trading, this book is written for mainstream audiences, weaving very real trading cautionary points into the technical pitfalls, disciplines, and psychologies related to trading.
"...compelling, informative, and a first-rate page-turner." 5 stars rating, Seamus Mullarkey of Clarion Review
"The FX trading world is analyzed with intelligence and clarity..." Kirkus Reviews
About the Author: Winsor Hoang is the founder and CEO of CTS Forex, and is also a registered Forex commodity trading advisor (CTA) with the National Futures Association (NFA) offering managed account services to high net worth individuals with a minimum account of $50K. Winsor is the author of "The Bull, The Bear and The Baboon - FX Lessons Learned the Hard Way." Using his 15 years of automated system design as a professional electrical engineer, Winsor has successfully transitioned to systematic trading development. Winsor started researching the FX market in 2003 and founded CTS Forex in 2007, specializing in the systematic trading of the EUR/USD currency pair. Winsor has nearly two decades and more than twenty thousand hours of trading experience. Not all of Winsor's twenty thousand hours came without their challenges, losses and learnings though. Throughout this process, Winsor and those around him had some very interesting and varied experiences with their introduction to FX trading from many "experts" around the world. In his book, The Bull, The Bear and The Baboon, Winsor shares his lessons learned to help others avoid the same pitfalls he and others experienced. CTS Forex actively works with several high profile mathematicians, statisticians, computer scientists, and computational finance specialists at the University of Calgary and other leading institutions to develop reliable and robust trading systems. Joint FX research has also produced several academic papers that have been published in first-class international scientific journals such as Journal of Mathematical Finance (JMF), Elsevier Procedia Computer Science Journal, Institute of Electrical and Electronics Engineers (IEEE) Journal, and International Conference on Computational Science. CTS Forex uses an automated, statistical, risk-managed FX trading system that produces profits with just 50 percent winning trades. CTS Forex's systematic trading has the advantage of imposing strict risk discipline, avoiding emotionally induced errors, and capturing profitable opportunities. Automated trading has proven to increase portfolio returns by removing the need for 24-hour monitoring of international markets, overcoming the effects of human emotion and eliminating costly trading pattern inconsistencies. If you are interested in more information about our Managed Forex accounts, please call CTS Forex on 1-888-260- 3939 or contact us at info@ctsforex.com.
