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Dad's Legacy: Blazing the Forex Trail to Your American Dream Hardcover – 2008


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Hardcover, 2008
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Product Details

  • Hardcover
  • Publisher: TradeWins Publishing; 1ST edition (2008)
  • ASIN: B004JCSN0O
  • Product Dimensions: 9.1 x 6.6 x 1.1 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #3,343,768 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

5 of 5 people found the following review helpful By Felicity-X on March 6, 2013
(If any of you are wondering if I returned as promised, I have. See below)

I started using Dad' Legacy on my demo account, Ellie Tafts's tips to be exact, in mid Feb 2013 and today is 6th March 2013. As that is the size of my real account, I am trading my $50,000 dollar account as if it was $2,000, using only one microlot per trade to start with. Ellie states in her book that Feb is a difficult month to trade, given to false breakouts etc, so I was not all that surprised that my first few trades all stopped out, some almost immediately. It really looked for a time as if, in particular, the GBPUSD went just far enough to trip the entry order and then set off straight for the stop loss at double quick time. However, I realised that the GBP is in process of bottoming out against the dollar, which is also explained in Ellie's book, so that was not exactly a surprise either. Now that we are in March most of the trades have been profitable, not triggered or stopped at breakeven. Consequently, after losing $30.00 on my demo account I am now back in the black, just, and looking forward to a successful March. I am very satisfied with the system so far, particularly for the money. I have been with people who have charged much more for less success.

Start out very small on demo until you really grasp the way the charts move. Follow the system exactly and don't just follow Ellie's prompts blindly. Understand why the order is being placed and exactly where the signal is coming from. Be really confident in your understanding of how everything works before going to live money and start very small there too and build up gradually. Fear and greed really kick in when you are using your own money and the temptation not to follow the system will be extreme.
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