Miscellaneous

Dear friends! For 10 days more than 200 traders have been trying to make Huge Catch and get a lot of profits. Little time has passed, but some of the participants have already managed to prove themselves and substantially raise their start-up capital. For example, the leader of the standings increased the initial deposit by 40 times! Perhaps you will say it’s a glitch because for the vast majority it requires more than a year to achieve such results. And you are absolutely right! If trading through classical capital management, then it will take at least 5 years to make $200,000out of $5,000.

I interviewed over 30 renowned contemporary investors asking them the same several questions. In particular, I was interested whether they can point out the book which made a profound impact on them and which is highly recommended to novice traders. The most of the interviewees mentioned Reminiscences of a Stock Operator, the book published in 1923.

What makes the book timeless? Specifics of a securities trader’s mindset, errors, lessons learned from trading experience, and epiphanies are described with utmost accuracy. From my viewpoint, this accuracy appeals to people. 

Dear friends,

Yesterday, I came across some curious reviews, which contain detailed descriptions of swindling schemes invented by 24fx.com. After reading the reviews, I was staggered by audacity of the broker’s personnel and naiveté of their clients. Let me cite one of the claims that seems the most informative to me. 

Hi! I’m Maxim.

I got hooked by this company in October 2014. Previously, they had been annoying me with phone calls. They proposed opening an account with them and making deals by their recommendations. I rejected it for long and finally gave up. On October 5, I deposited $500. My balance almost doubled in a few days. My broker introduced himself as Eduard.

The main secret behind efficient trading is the ability to listen to markets and follow a trend. Every successful trader is conscious that it is essential to develop a consistent and sensible trading strategy. Only a logical and elaborate strategy can bear fruit. 

The book is written by the two trading practitioners who are ready to share their views on the market. In the book, you will find a variety of trading systems/strategies and detailed guidance on a market entry/exit. In my opinion, the authors composed the book in an original style. It is a dialogue between professional traders who expand on many issues that novice traders have to deal with.