Beat The Forex Dealer With Agustin Silvani

The average joe’s trading approach combined with unscruplous practices of some brokers make spot forex trading more like the games found on the Casinos in Las Vegas! Agustin Silvani developed one of the first retail oriented currency programs. Presently Mr. Silvani leads the team of professionals at MIGFX Inc that has been ranked consistently among the top ten by Barron’s. Mr. Silvani’s experience ranges from the interbank to the retail sector and helping manage portfolio’s ranging from $1 million to $10 billion.

You need to read Agustin Silvani’s book Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading) to know why the forex market is often referred to as a slaughterhouse where traders routinely get chopped off. There is nothing easy about currency trading, if you don’t believe than stop by Warren Buffet’s office and ask how he could lose $850 million betting on dollar or ask George Soros why his short bets lost him $600 million not once but twice in 1994.

90% of the new traders don’t survive in the long run. But the retail forex broker would still like you to believe that currency trading is a high form of financial speculation. These retail forex brokers share too many of the traits employed by the casinos to stack the odds in their favors including:

**The house always has an advantage in the shape of spreads

**The house feeds off the players greed and activley promotes it by providing trading signals, excessive leverage and fancy platforms including slot machines

**The house adopts various dubious risk management controls including cheating and cutting off winning players

So in reality the odds are heavily stacked against you when you trade forex. You are always in danger of being cheated by your broker. Forex brokers always have an ace up their sleeves to ensure that odds are always shifted aggresively against you.  In his book Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading), Mr.Silvani shows you how you are always at the mercy of your broker who can trip your stops at will and play endless games with your trades….What this means is that you must have at least one independent feed to know when the blips on your forex broker price feeds are real or simply fake meant to trip your stops…

But what Mr. Silvani wants you is to fight back and beat your forex broker dealer with their own games. In Part V of his book Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading), Mr. Silvani shows you how you can trade against the dealers sticking it against them. In the Friday to Sunday Extension, Mr. Silvani shows you how you can make nice pips on the weekend almost risk free with little effort while you enjoy the weekend plus a profitable big figure trade.

The Appendix to the book Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading) contains lot of useful info on how to step up your trading, how to trade price action, how to build a position and very important how to trade out of a losing position. If you are serious on dabbling in this game of trading the currency markets, you must read this book Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading)!