How would you like to get the best Forex education which could after just 14 days see you make huge profits? This is exactly what happened in a famous trading experiment which we will look at in more detail here... Can anyone learn to trade Forex?
Trading legend Richard Dennis set out to prove that anyone could, with the right education and mindset could be making big trading profits. He took a group of people who only had one thing in common - they knew nothing about trading and set about turning them into successful traders in just two weeks.
This group were diverse and ranged from a young boy just out of high school, to a security guard yet, after just two weeks training these two people and the rest of the group were sent off to trade and ended up making 100 million dollars in just 4 years.
The group was called "the turtles" and they are now part of trading history - but the question you may be asking yourself is..
How did this group become so successful so quickly?
There is much you can learn from the experiment and perhaps the most important point is Forex trading success has got nothing to do with working hard, it's to do with getting the right information and working smart.
The group used a simple breakout system which locked into and held trends long term and it was so simple anyone could learn it and this group did.
Many traders make the mistake of thinking complexity brings success and in many areas of life it does but not Forex - Simple systems work best as they are more robust in the face of ever changing market volatility.
Lastly, the experiment showed how important mindset is and the hard part of forex trading is not knowing the method - but applying the method and staying on course when the market gives you a losing period.
Its discipline which is the key to success and while anyone can learn a good method they have problems applying it and keeping losses small. We all have egos, hate losing and looking stupid - but that's what forex markets do to you and it is mental discipline to trade through these periods which separates the super traders from the rest.
This experiment is one of the most important for any new trader to look at and you should read the excellent interview in Market Wizards and take a look at the book "the Way of the Turtle" by Curtis Faith, the most successful Turtle of all.
When you read about the experiment, it really rams home the point that the market doesn't destroy the trader, the trader destroys himself, by letting his emotions impact his trading and as a result trading discipline breaks down and if you don't have the discipline to apply a system - you don't have one!
It's an essential part of learning how to win at Forex, so make part of your essential Forex education.
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