There are several books on trend following and turtle trading but none of them approach this simple yet lucrative trading style with the small trader in mind. The biggest and most successful hedge funds employ the trend following method but nobody has ever tried adopting this system for the average, small trader or investor.This book changes this.
Barnes & Noble.com
The Turbo Turtle Book Web Site
The Demise of the Dollar
The dollar, due to “We The People” and a few politician’s inability to curb government spending, is on a long downward spiral. This move has not manifested itself more as we gauged the US dollar against its main competitor, the Euro or the British Pound Sterling. This is, in part, due to the poor educa-tion the average currency trader gets from Forex brokers and self appointed “experts”.
Since these major currencies (along with the issuing courti-ers) suffer from the same maladies the greenback suffers, the mutual weakness of these other currencies hide the true weak-ness of the dollar.
In addition to this fact, the dollar historically enjoys the reserve status. Where in any political and economic uncer-tainty, the dollar, no matter how weak it may be, gets propped up by investors fleeing their own currencies.
This book hopefully opens eyes and shows real, usable methods for average trader who hopefully can benefit from what I have learned the hard way.
The Turtle method does work , and it works well. Here are the caveats with it:
1. The majority of people don't have the discipline to follow it because only about 5-10% of the trades are really big win-ning trades; sometimes that is only 1 or 2 trades a year. If you miss these trades, the system will lose you a lot of money.
2. People prefer day trading because it offers more action and thrill.
3. Most novices ignore "position sizing" which is the most important aspect of trading.