The forex market has been referred to by some as the ‘Slaughterhouse’ where those beginners traders go to get ‘chopped up’ and separated from their cold hard cash.  It is a world of big egos, greed, fear and skill where millions of hard earned dollars are won and lost every day.  With 1.9 trillion dollars traded everyday it is the biggest market in the world and it is unsurprising that tensions run a little high on the trading floors when a trade is lost or won.

The hectic pace and excitement of this world (along with the improvement in technology) has allowed an explosion to take place.  Those who before would have had no access to a world such as this are finding themselves immersed within it from their own living rooms.  The issues with this is that every part time trader now considers himself a forex ‘guru’ providing information and advice to those coming along behind him, however amongst them are those who are providing information that is misleading and would be considered by many traders to be fraudulent, promising the world to beginner traders who come with their money in their hands.

Forex Trading is not easy, and anyone who tells you it is would be considered in my book to be a downright liar.  Anyone who tells you that watching your hard earned cash hit stop loss time and time is easy is not being honest with you about their situation, just ask Warren Buffett who lost $850 million betting on the swing of the dollar.  Many peoples experience of FX trading is similar to that of online casinos or of something you might find on the Vegas strip.  Over 90% of traders loss money, not make it and the internet is littered with stories and revelations about how this system didn’t work and this person made the wrong choice before the market moved, in order to survive in this cut-throat world those who trade successfully realise that they are playing a game where the House mostly wins and the odds are stacked firmly against them.

Many of us have experienced setting a trade and having it hit a stop price only to later discover that the stop was the high or low for the day, is this coincidence?  I don’t think so! This book ‘Beat the Dealer’ outlines the day to day mechanics of the forex market as well as an inside look at some of the more unpleasant dealings that take place behind the scenes.  This book gives an insiders opinion on market proven trading strategies to avoid the dealer traps.  There are many things to avoid in the world of FX trading price shading, stop hunting, and trading against a client are all realities in this dog eat dog world.

MIGFX, who are ranked amongst the highest in the world for forex trading firms, have helped develop the trading techniques that are discussed in this book, which helps to turn beginner traders into seasoned professionals.  Going beyond that title of a simple FX manual this book provides insights into many of the greatest trading triumphs and now infamous disasters of recent years.

There is money to be made in forex trading if you can side step the dealer traps and give yourself a bit of insight into how the market really works, getting down to the core of trading with no frills you too will find yourself beating the forex dealer!