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Personal Mentoring Program

Comprehensive, 'all-in' online mentoring for persons serious about forex trading.
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Course by DrForex


A practical trading course based on Bird Watching in Lion Country Forex Trading Explained.
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Learn to use forex fundamentals in your trading.
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Bird Watching in Lion Country

Forex Trading Explained


Dirk du Toit's original, top selling, globally loved, forex trading ebook.
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"Forex Thoughts" Articles

by Dirk du Toit


Thought provoking and informative articles about forex trading.

Forex Thoughts articles by Dirk du Toit


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  The way to learn : One-on-One Mentoring with a Professional

Let me start by saying thank you for all your time, patience and understanding during the last 6 months during the daily mentoring sessions and the evening classes.

Your program is far ahead of anything I have found or heard of in the field of Forex Trading for the private trader. I will strongly recommend it to anyone who is interested in entering the forex market.

Please keep in mind that these testimonials are not indicative of future performance or success and results may vary from person to person

      • Retail FX Trader, Pretoria

Dear Forex Trader,

I have been around the block a few times in the retail forex trading market since I entered the fray in late 2000. Not only as a trader and trainer / mentor but also as a student. Student of what, you may ask? I was and am on a quest to improve on my attempts to teach others the proper way to do forex trading.

You see there are enormous differences between learning about things like "technical analysis (of the forex market)" or "fundamental analysis (of the forex market)"and "trading successfully (in the forex market)".

To transfer knowledge about the forex market, forex trading, forex charts, forex trading systems, forex technicals, forex fundamentals, economic data releases and so on is really easy. To package it and sell it is also easy - there are many buyers. But there are not many successful traders.

But to transfer the skills that constitutes one's own success is not easy. I think, however, that five years later I have progressed very far down the road to have a training system that really transfer not only knowledge but especially the all important skills associated with succesful forex trading.

I invite you to consider what I offer and join me on the journey.

Sincerely,

Dirk D. du Toit
CEO, DayForex (FSP #15315)

¥ € $

The financial markets are very complex, therefore trading successfully does not come by itself. The training someone undergoes will in most cases lay the foundation for future success or failure. I believe in thorough training that mimics the future experience of the inter day trader. Yes, inter day, as I know for a fact that there is a very limited future in intra day forex trading for most.

Allow me to start with your mentoring. Right now.

#1: Clarify your expectations

If your expectations are unrealistic you are not going to make it, let alone achieve your goals. You will lose your shirt and if you're not careful also your sanity.

#2: Set attainable goals

Proper goals, a program to progress will help you to meet your expectations. Goals must be clear and concise. Prepare to shift the goal posts several times. If you don't, believe me, the market will do it for you!

#3: Develop a business mindset

This is a business. You want to buy something cheap and sell it dear and make a profit. So many people forget this, or think its different because it is the financial markets. It is not different. All normal business principles apply. You must have a good product, strong management and excellence in execution.

#4: See the big picture

Don't think small, think big. Don't stand closer, stand away.

#5: Take responsibility

The buck stops with you.

#6: Something on "information"

Forex trading is all about getting information, distilling information, analysing the core information and then acting on the information. If you think a bit about this, you will probably quickly realise why you need a mentor like me. What information? How do you distil it? What does the core information mean? Believe me, you don't have time to ponder about information. You must get the latest information and act on it. I call my approach "Real-time analysis".

#7: You must grasp the concept of randomness

Do some reading on "probability", "randomness", "chance". If you understand these concepts you will understand why I don't think there is any future for most in these "5/10/15-minute chart" systems.

#8: Be patient ...

... or become a patient! Tomorrow is another day.

#9: Forget the stories about "unemotional trading"

You need to develop trust in yourself. This takes time. Go slow on yourself. Only if you have tasted sustainable profits will you be in a position to trade "automatic", "mechanical", "without emotion". Be prepared for an emotional roller coaster ride.

#10: If you start wrong you're gone

This is vitally important. All those losers you have heard about, do you think they were winners who blew up? No, they were losers from day number one. There are a losers' paradigm and a winners' paradigm. Most people start in the losers paradigm because of the marketing wizards. To switch alliances is very difficult. For most it means a gigantic leap.

Leap now before its too late.

Forex trading involves substantial risk of loss and is not suitable for all investors.

¥ € $

Let's see what I can do for you:

  • My mentoring offers you the opportunity to learn at your leisure, your own home or office, your own computer, your own time and your own pace.

  • I will save you time. Time is money. I know what information to seek. I know where to get it. I know what to do with it. I tell you everything. All you have to do is apply it to your own system - and I even help you with developing your system.

  • I give real-time instruction, while things are happening in the market on a daily basis. Inexperienced traders tend to lose sight of the bigger picture the whole time. They are too pre-occupied with "this trade, now". For my clients, I am like an independent analyst. I look at the bigger picture. I scan the terrain and I give you feed back.

  • I do not run a tip service. I do not give signals. I do not sell trades.

  • I will save you a load of money. You can bet your bottom dollar on this. The marketing wizards do everything in their power to convince you to "over trade". You are enticed to do too many trades, with too large position size (high leverage). I will teach you how to make money without paying too much or taking ridiculous risks. Unfortunately I have to assume you do not understand this clear and explicit explanatin of the risks of leverage and the need to trade with limited leverage the way I will teach you and therefore you must also note the following leverage risk disclaimer: "Forex trading is highly leveraged. Since low margin deposits normally are required, an extremely high degree of leverage is obtainable in over-the-counter trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds."

    Consider this: the reason most beginners start and stay in the losers paradigm is because the cost of their trading equals easily 20% - 30% of their capital on a montly basis. In order to break even they need to month-after-month do miracles! And they try. And they fail. Remember what I said about business principles?

  • I will walk the extra mile for you. Because I want you to succeed. If you become a profitable trader, I make money.

    How does the mentoring work? What are the formalities?

  • To enrol, register on our databasis, if you have not yet done so. You will receive further information about different enrolment options, costs and the like.

    ¥ € $

    Tell me more

    RISK WARNING :

    Customers should be aware of the risks associated with over-the-counter, spot Forex trading. In the off-exchange market, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction. Forex trading can be highly speculative in nature, which can mean prices may become extremely volatile. Forex trading can be highly leveraged. Since low margin deposits normally are required, an extremely high degree of leverage is obtainable in over-the-counter trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the over-the-counter market should only be conducted with risk capital you can afford to lose and which will not dramatically impact your lifestyle.

    Leverage risk

    Forex trading can be highly leveraged. Since low margin deposits normally are required, an extremely high degree of leverage is obtainable in over-the-counter trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Excessive leverage increase this risk.

  • Last Updated 2021/02/08 © 2001-2021. DayForex. All rights reserved.