BOOK REVIEW FX
“The Bull, the Bear and the Baboon was conceived because, after others and I once fell for a dishonest trainer’s pitch, I felt compelled to help new traders avoid the scams and pitfal ls that are plentiful in the FX world,” says Hoang. “As the book portrays, many trainers are bad traders, but they are good marketers. They are in it only for the money. They’re sel ling dreams of riches and financial freedom, but not a real way of achieving those dreams.” Hoang continued, “Frauds of fering books, software, trading systems and tips are not limited to FX. They’re in every investment market;
lessons in my book are applicable to these markets, too.”
The Bull, the Bear and the Baboon is a captivating narrative story in what is a typically non-fiction, educational genre. Through the emotional and even relatable back stories of Harry’s ‘gang of seven’, readers are offered a voyeuristic look inside the financial markets and all of its insecurities, inconsistencies, risk-reward behavior, and greed. Audiences are sure to hate some characters and love others. Hoang hopes
the fictional accounts
supported by real-world situations will create a new thought process for both new and
ABOUT THE AUTHOR
Winsor Hoang is the founder and CEO of CTS Forex, a Vancouver-based automated, statistical, risk-managed FX trading system. Using his statistical and automated system design experience at Nortel Networks, RIM and Sierra Wireless, he began developing automated systematic solutions and, in 2010, after seven years of development, testing and trading his own money, introduced CTS Forex to the market. Winsor has nearly two decades and more than twenty thousand hours of trading experience. His automated FX trading system continues to produce consistent returns, regardless of market flux. Hoang is a registered professional engineer, and holds a Bachelor of Engineer from the University of Victoria.
• Reasons so many FX trading systems fai l to produce prof its
• The myth of market trends in FX
• Profi le and practices of the successful FX trader
• Misinformation and disinformation: how they af fect the markets
• Statistical probabi l ity and computer automated trading; new ways of prof it making
experienced investors. The Bull, the Bear and the Baboon also covers the following topics:
• Tricks “experts” use to misrepresent their success • Collusion among experts that boost their images and reputations
• Tactics brokerage f irms use to cheat smaller clients
• Why investor greed and fear virtual ly ensure fai lure
FX TRADER MAGAZINE January - March 2014 73
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89