Enclosed we will cover a story which has gone down in trading history, where a group of novices with no trading experience, learned to trade in just two weeks and went on to make hundreds of millions of dollars and if you study the story it can lead you to bigger Forex profits.
The story relates to the turtles who were a group of ordinary people who ranged from a security guard to an actor who were taught to trade in two weeks and became trading legends. Dennis simply set out to prove anyone could win with the right education and not only did they win they learned to win quickly.
The fact that stands out is the success of the group in a market where 95% of all traders lose money. So what was their secret of success?
The secret of their success was built on a simple long term, breakout trading system and it was very simple the rules are public now and even after 25 years, it still makes money but the real problem with it is - following it with discipline and this is the problem for most traders with any system.
Learning a method that can make money is easy, applying it with discipline is another matter. In terms of the system the turtles used, you have far more losers than winners and have to take them and keep them small and then have the courage to hold your winners and its hard, I have tried it and I have been trading for 22 years. It's simply hard to take a lot of losses, even though you know the winners will cover them and make a huge profit!
Discipline is hard for most traders because they always let their emotions get involved, you can get a disciplined mindset and it's based on a good education, knowing what your doing, confidence and leaving your emotions behind.
Anyone one can learn to trade successfully as Dennis proved and you don't need to be a geek or have a college education to succeed but you do, have to trade with discipline and if learn to do it and you can make a great second or even life changing income.
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