My First Book on Forex

LOL back at you. Anyone willing to pay more than $50 for any trading book deserves to have their money taken, especially if there are marketed a book through a broker.

It is up to the person, no matter how well written a book may be, to make it.

I sincerely hope you make a fortune.

Im not here to defend OR but for sumone who has no claims of any well written material in their own resume (correct me if im wrong)...you do have alot to say. There's a saying...an empty tin when banged with a spoon makes the most noise.

I despise silly one liners, people who thinks so low of others without reflecting their own selfishness and pure naivety and any consideration for human feelings.

"I sincerely hope you make a fortune"...
I know OR....he don't need that fortune. Trust me. Gd day and have a good year.

I joined FF some days ago and allready read the entire SRDC I Episode and half of the Episode II.

I will buy the book for sure.

Hi Orange, best wishes on your book project.

Here are my thoughts. Look at some of the popular authors in trading that have released "Books" with similar idexes (those items you listed in post 1). I'm thinking of Elder, Carter, Bollinger, Lien, Nilson, and the list goes on and on. Each of these paper-books are resonably priced in the sub $50 dollar range.

I do not think that the price tag of a paper-book neccesarily gives ultimate value to it's contents. On a silly note, think of a silly little book like "Jonathan Livington Seagull"? I'm sure when most people picked that book up when it hit the shelves decades ago for a couple bucks that they were in for such a spiritual pot of gold ey? Or how about a copy of the Quran or the Bible? Priceless knowledge between the covers, yet you can get one for much less than "priceless".

The above said, don't think that if you price your book at say $44.95 USD or something, that it is "cheap" or worth only the amount paid. There will be nuggets of gold between the covers as there are in the Trading Authors i listed in my first paragraph. What will turn people off, as it has me when i've purchased some paper-books and eBooks, is some price of XX.XX dollars only so read what the author hyped as nuggets be fools gold. But i know you are not going to fill the pages with fluff!

One thing you have going for you with a future book release is that as part of a marketing technique the future reader can be directed to the SRDC threads and get to know you as an author.

: ) Thom

OrangeRoshan,

The market always sets the price for anything. Supply and demand is what it is all about. I have seen other books offered by teachers throughout Forex Factory for more than $100.00 and they don't even support their own threads. So what is it worth to make 20 to 100 pips each and every day. As people come into the threads and then the website you will begin to see what everything you do is worth. Look at the growth of the SRDC II thread and SRDC I as well. So what is Rob Booker getting for his book and what does he do for free. You could select Vegas or any of the other people in FF and most are making money hand over fist for their time and knowledge. You have given away much and I know you will continue to teach your method to the faithful but remember that if you put a price of zero on everything that is what people will think it is worth. Just my 2 cents but I can assure you, I would buy your book no matter the price.


Bill

post removed,

I'm truly sorry to offend,

I didn't mean to,

bad choice of words.

I do appreciate your work here,

I'm truly sorry, won't happen again.

Regards

OrangeRoshan,

I am looking forward with great anticipation to the release of your book. I am happy to have found a system that I am able to understand and trade, even as a new trader.
My ultimate goal, if I am able to make it, is to move to the Philippines with my wife, and teach your method.
I want to start small accounts for people who have a real interest in making a difference in other peoples life.
I hope to create a chain recation, and people will have the money to afford school, and so many other things that we (USA) take for granted every day.
With your method, I truly believe that I am one step closer to fulfill that dream.

Salamat

I went through most of the first thread "I", and a few pages out of 110 on the "II" thread. And I think I need a book.
It's not easy to sift through for information on an already bloated thread after everyones already followed along. Easier to read a book
People who have followed along since the beginning will already know the story, but for anyone new, haven't followed along for months, or the general population at large, if you have something good that works, a book is the way to go.
It's easier to reference something when you have the whole thing in proper order in front of you than trying to find the relevant posts.

Hi Orange

I'm not sure if you are familar with the James16 Thread and the spinoff PF that he started quite some time ago. Maybe you could go down a similar path with a website of your own that encompasses your techings conveniently for a monthly fee? Or maybe you could become par tof the James16 Teaching Staff.

Something to think about.

Hi OR

I believe a book is an excellent idea. It places all your knowledge on both SRDC I and II is one concise place, with examples. I always find it time consuming (dial up connection) to go back through the threads to reference a previous article/comment written by you.

I believe an e-book would be the way to go, easy delivery, lost costs and easy to send out updates, as I am already looking forward to SRDC I +++ and SRDC II +++. I believe a price tag of 99$ would be sufficient from what you have covered so far with SRDC I and II. If you where to release all SRDC in its entirity from the offset then $199 may be a better price.

Considerering that the vast percentage of the funds derived from this exercise is going to charity I believe in paying something for it.

Keep up the great work and God's blessings to you and your family.

Regards

Koh Samet.....

Hi Orange

I would price the Book at around $50($49.99), however i would offer the book to the first (n) customers at $30($29.99). You might also want to do a test run on Ebay to get a feel for what traders are willing to pay for the book.

You might also want to have an electronic version of the book as well as an audio version. As you rightly said, this process is time consuming.

To your continued success.

MM

Dear Uncle Yoda,

Your genorosity is boundless. You have freely given so much to so many, without asking for anything in return. I have been a "Lurker" here amongst your teachings. Just reading, and trying to apply. I have not had anything to contribute.

There is no doubt in my mind that you have enough knowledge of this particular subject to walk up to any computer with $100 and retire again in a year or so! You already know what you know, and I, for one, am VERY thankful that you have given as much as you have to share it with me!

I have seen that you can get disgusted with even one naysayer who doesn't have the sense that granted to the ants! Please. oh please, don't let one bad-apple ruin the whole barrel.

I have seen the brilliance of your teaching! "I won't tell"... You mean I have to think? I have to LEARN what a trend line is? MA's aren't the answer? Which indicator is best?

I voted that you chould charge between $50 - $100 USD. Why should you be expected to give your published works away for free? You are a true Jedi, and I am a lowly padawan... One who would truely like to suck up your knowlege. Everybody wants to be able to look at a chart and see what you see! I happen to know that what you are trying to teach is winning 5 pips EVERY times wins.... Your wisdom truely overwhelmes me.

Perhaps it's too soon to teach how to take 200 pips out of a 125 pip market? Maybe you got a few too many people excited about what is truely possible.

Master Roshan, I would beg of you now that you disregard the negetaive comments from those whom you can't teach. Fellow padawans, I would ask you to purchase as many copies of this teaching as you can, squirrel at least two copies away, and share the rest with your best of friends.

The truth is in the puddin'. Master OR has-NOT given any clear indication of his prediliction to what "May" happen next week. But I have a feeling, that he has an idea??? And that idea is based on???? What does it matter if I make 20 pips?

In closing this (seldom post) I want to say that you have taught me that no matter where the candle moves tomorrow, I will have the confidense to get in, get out, and write about it. I can only hope that one day I can pass on the knowledge that you have taught to me to somebody who truely wants to know. You are a TRUE JEDI MASTER!!! You are THE YODA... If you don't share the knowledge, who will?


My sincerest thanks to you, master,

johne59

Hi Orange Roshan,

How to price the book depends on your objectives. If the objective is to empower as many people as possible especially those without resources to empower them, then the lowest possible price would be the way to go. If the purpose is to raise some funds for your charitible endeavours then a higher price is called for.

One model might be the open office project. It is an open source version of MS Office, if I go to a local store I can buy a copy of the cd for 70.95, if I download it off the web the price os $0.00, I can donate if I choose. Perhaps there could be a PDF version offered for those who have limited funds and a hard copy version which would sell for more money.

In this whole process the most valuable thing is OR's time, given his insight and knowledge any monety made off the book would be trivial. The issue is how to minimize the amount of time Orange Roshan would have to devote to this effort. Perhaps some volunteers could talk with OR and develop an outline for the book and then help write it, with OR reviewing our work for accuracy. I would be more than happy to help in this effort. We could use Open office or MS Office to develop the content and then put the final product through a publishing program (Quark or an Adobe product?)

This same model could be used for the next SRDC books for the other levels.

Hello Orange,

I haven't read your SRDC threads but I will soon, after I fix the problem I've been having reading long threads on FF. However, I think I can give you some general perspective on the various ways to market an info product.

You want to think about not just price, but how much work you want to do, how specialized the information is, and how many people you want to (or think you can) reach. Price is the last thing to consider, after you decide on a marketing plan.

I've never purchased any info on trading other than a month in the james16 PF. I have bought lots of material related to marketing. I'd guess that the market for marketing info is similar to the market for trading info.

Most marketing stuff I've bought comes in the form of a course or an ebook. A course is often one or more 3-ring or spiral-bound stacks of pages. The only exception I can remember is the 220-page hard-bound "The Irresistible Offer" by Scott Joyner which was sold through a "real" book publishing company. This book initially sold for around $20. Most course-type info sells for a lot more than that, but never finds its way into stores. It's a tradeoff.

Generally, in the world of selling information, the information is king. However, your case is somewhat special:

1. The information you're selling is already pretty much in the public domain. You're thinking about selling the convenience of something like a handbook.

2. You want to reach people in faraway lands like rural Africa. A traditional publisher probably won't get to these people.

3. Your knowledge domain is specialized rather than having mass appeal. It's probably not going to make the New York Times list. This makes your product like a college textbook, with small print runs and a high price per copy.

4. You already have a bit of a fan base. You might have a ready-to-buy market and not need to do any advertising.

5. You're very busy, and probably don't want to go on tour doing book signings with a traditional publisher.

I'd suggest that selling an ebook could solve all these problems. There are other ways to publish though:

1. A paid membership site.

2. A free site where you're compensated through advertising.

3. A free "viral" ebook which contains money-making advertising links and which you encourage people to pass around.

I'd suggest that you spend some time pondering all these scenarious, and think about how you'd like it to play out in the long run. Note that if you don't give up control to a publisher, you can self-market your product through any or all of these means to different people.

If you have any questions I'd be glad to help. I'll even proofread your book for free just so I can get a look at it

Good luck,

Mike

Where did I claim to have written a book? I gave my opinion and as of this post there are over 30 other opinions posted. My previous post you quoted had in bold type "any" book. I include in that definition the 50 or so I have on my bookshelf. To be fair, one of those books I did pay $70 for and it was the best $70 I ever spent on trading related material. But rather than advertise that book (not looking to) or take away from OR's book price topic I will leave it that.

BTW I did mean sincerely also, it wasn't a snide comment.

Hi Master Roshan,

I just wanted to say Good Luck with your book. I know I will have a copy next to my trading station at all times. I believe the PDF format will allow you to reach the most traders while minimising the delivery cost. Set up the download website and let it do the work for you.

The problem with PDF's are that people share them. I think a book will be just fine. It's not like you can trade a method were you have to constantly look in the manual either. If you have to constantly look in the manual you are probably not ready to trade it. You will lack the needed confidence and you will lose money.

I think between 50 and 100 dollars is absolutely fine. SRDC have taken me from doing a bit more than break even, to consistent piping. That is more than I can say about any other method I have seen free on the web.

I'm sure the book will be worth every cent.

Well what can I say ?
I think the book idea is really amazing and will be definitely the best book ever made for his simplicity, effectiveness and value.
Everyone here know how Orange help us to better understand the forex market and how bigboss think when they play this game, so there's no doubt about the absolute value of this upcoming masterpiece.
About the price I think this : when I need something that I really use and I really need I don't take care so much about cost (well not in all cases , just thing about the desire to buy a Ferrari hihihi) so I don't have any problem to buy this book at 100$ or more because in this case I know who is the writer and how much profitable he is. I can say this because I know Orange more than someone else here in this forum and consider him as a real friend that helps me a lot since I meet him. But most important thing with this first book I can share easily the SRDC concept to my parents or friends. For this I will ask to Orange if I could have the honor to translate it into my native language (italian) so that it could be spread to a lot of people that doesn't have a good feeling with the english language
Maybe some other guys here could do the same (obviously with Orange permission to do that), translating it into french or spanish or whatever language you know

I cannot wait until the book will be printed !!

an e-book wud be much much easier for some of us..thanx master OR

You can protect PDF ebooks now -- if you want more information about this I can help you out. It makes it easier to distribute of course, but still protects you against unauthorized sharing.

Some people are just going to want the physical book as well, and if you need some info on self-publishing the book (which I have done) I would be happy to help with that as well.

Either way, best of luck with the book. You've done a great deal to share a lot with others -- an example to me definitely.