Posts Tagged ‘exchange’
This is a story that inspired me to trade and took place in the late eighties. It involved a group of people who had never been traded before, learning trading in 14 days and then goes to make hundreds of millions of dollars. Let's see how they did it …
Trading legend Richard Dennis decided to prove that anyone can learn trade, with the right education and gathered a group of people to prove his point:
They were of both sexes, all ages and from different education and the group consisted of – a couple of professional card players, a new kid in school, a female auditor and a security guard, to name a few.
Dennis then begin to teach them the mark in just 14 days.
The result has passed into history of negotiation, dubbed this group of "turtles" went on to become trading legends and make hundreds of millions of dollars.
Dennis had proved his point – anyone can learn to operate, given the proper education and they had the right mindset.
The system taught was essentially simple (a long-term trend following Trail system) and anyone could understand it.
The question that you may be asking now is:
If the system was simple and that any one can learn to trade, because 95% of traders lose money?
The answer is:
You can learn a trading system – but you needs discipline to apply it.
If you can not apply it with discipline, you have no system. This is where most traders wrong.
They want an easy way to profits and follow guru, mentor and Forex robots with simulated and losing records. Most systems sold by selling experts do not work anyway – but you can not just follow one person's success – success comes from within.
You must have an understanding through you doing and when someone can teach you a system, you must have a means of understanding how and why it works, then you have confidence and discipline to apply it.
Dennis knew this and did not tell them to follow the system blindly, he taught them all about it and made them understand and apply with discipline.
If you think discipline is easy, you have not negotiated under pressure – it's hard to take loss success after losing in a period of demotion and stay with your system – but if you do, you can enjoy trading.
Forex trading looks easy and it is but most traders others simply try to follow for success and you can not do that. Of course one can teach you the tools, but you have to pick them up and use them.
There is no easy money, but forex offers you the chance to start with small stakes and get rich, and worth a little effort!
Now I'm not saying that you will become as rich as the group above – life just is not so – but there is a huge difference between something it is not possible and achievable.
It is my opinion (and experience) that any person can learn forex trading and find the exchange of currency success.
In just 30 minutes a day to build great long-term profits.
All you need to achieve the above is – to have the mentality right, a willingness to apply and you have the chance to make a substantial income.
Are you ready for a challenge and prepared to work hard?
Well, not is nothing to stop you enjoying forex trading success.
About the Author:
NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf’s, with 50 of pages of essential info and a course to Learn Currency Trading Online visit our website at: http://www.learncurrencytradingonline.com.
Article Source: ArticlesBase.com – Forex Trading – How Ordinary People Made Fortunes After Just 14 Days Training
Forex Trading #25: Do Successful Traders Take Losses?