I bought this book as I was curious about how a casino game's staking plan could be used in Forex trading as it is an idea have thought about over the years, and even ran a few tests myself. It was an interesting read, which opened my eyes to a whole new way of looking at money management. The author, Don, explains his thinking and the reasons behind his methods in a clear and concise manner, that would be very simple to implement. There are plenty of excellent charts and diagrams to help the reader better understand the various methods. I have taken it one step further and joined his website and even purchased his EAs. I have had a few clarifying questions for Don, which he answered promptly. For a couple of dollars, this is a worthwhile purchase, and you won't be disappointed. I'm looking forward to trading these methods on my own Forex accounts.
When I bought this book I didn't expect much from it. I thought "it's only $3, what outrageous claims are being made? It'll be a bit of a laugh." But, Don Guy has completely changed my views on risk management and trade management. It's difficult to overstate the value of the information contain within this book. After reading this book you'll understand that the "industry standard" of risking 2% per trade is one dimensional, read "Forex Trading Money Management System" and have your understanding of this topic expanded and revolutionized. If you are an experienced trader you need to read this book. If you are a beginner, you need to read this book. Learn to think about money management the right way from the very beginning.
I have read hundreds of forex trading books, but this is different. As always there cannot be guarantees, but I am really excited at the idea of integrating Don's insights in my trading. This book contains non obvious or straightforward ideas, and after getting them it's like an a-ha moment. Really outstanding.
I had begun to think that all the folks out there "selling" FX trading systems were phonies. I was just about to give up but thought I'd give this book a try - because (lack of) money management was clearly a factor in me losing money. I carefully followed the logic of Don's money management system and I could see the benefits straight away. Don does not try to convince you that you will win all the time - in fact he includes examples of multiple losing trades. What got me interested especially was that Don carefully showed how you only need to be on the winning side just 40% of the time in order to bank big profits.
Still skeptical I figured a $99 investment for his BGP/JPY 15 minute robot was not too outrageous and made the purchase. It was only after I made the decision to buy that I watched the video's showing the amazing financial performance of the system. I can't follow the logic of back testing so simply went live.
Within one day I had two successful trades and made back more than my $99 - amazing!
Not only did I make money but all my questions were answered personally by Don within minutes of sending him an email! I was not expecting that kind of service and I take my hat off to Don for personally backing his robots and providing advice to get them up and running. I don't know where Don lives (I'm in Australia) but I felt straight away that I had made a connection worth keeping.
I am 64 years old and have never been able to save for retirement. I have a tiny starting account ($1000AUD) but am already seeing this grow. I am now looking forward to a retirement without financial worries and have nothing but praise for the Roulette Trader Money Management System.