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14 Days Weather Forecast

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The experiment took place over 20 years ago.



Legendary trader Richard Dennis in 1983 set out to prove that successful trading could be learned by anyone who learned the right information and he set out to prove his point - He interviewed 23 people for the test, who only had one thing in common:

None had any previous trading experience, they were also of all ages both men and women and from diverse backgrounds which included:

A security guard, two professional card players, a kid fresh from school and a female book keeper.

He trained the group in just 14 days and then set them off to trade.

The result?

This group went on to be some of the most successful and famous traders of their generation and may are

still trading successfully today.

How did they do it?

Getting the RIGHT Information

Dennis set out to teach them a simple method; they could have confidence in and this was the key to the experiment.

The method had to be simple and logical so the traders could apply strict money management rules with discipline to achieve long term success.

Of course, if a method is not applied with discipline the method is doomed to fail

There was no filler in the material he taught them just what they needed to know to achieve success - he taught them to work smart not hard and this can be seen in how quickly he did it just 14 days!

Trading is relatively simple about 95% of traders lose all their money - and they fail not because they cant learn currency trading, it's a fact anyone can but they either have methods that don't work but more often than not, its their mindset that sees them fail.

Dennis focused on keeping the method simple and easy to understand and gave them the mindset to succeed. He taught them to follow the method with discipline and run their profits and cut their losses.

The experiment was a success of course but the question you may ask yourself is:

Is it really that easy to learn forex trading?

Its not easy of course, nothing ever is if there are big profits to be made - but it's not hard either -

ANYONE can do it as the experiment proved.

You simply need to get the right forex education and get the right mindset to succeed.

Anyone can learn trading - it's a specifically learned skill not a natural born gift.

Most traders of course don't succeed but this is down to them, no one else is to blame.

Trading is hard to master because its hard to get the right mindset but there is a big difference between something being hard and not being achievable at all.

You can succeed just as the turtles did if you accept:

Trading success is a combination of the right mindset and the right knowledge.

Most traders learn the wrong type of forex trading information or are lazy and expect some mentor to give them success and they lose. Wining in trading comes from within and you need to take charge of your own destiny success rests on your shoulders.

Most of the systems and e-books sold on the net are junk not from traders at all but from marketing companies who never traded in their lives!

They make their money making claims that have no substantiation and the gullible novice traders fall for it.

There are good courses out there but there few and far between but if you can find a good one then it can be very valuable especially if the people teaching are traders themselves

The Challenge

If you have the desire to succeed and are prepared to learn the right knowledge, then you can achieve currency trading success.

The question is:

Are you up for the challenge, do you have desire and will you work hard?

If you are, forex trading can offer you the opportunity to make big consistent gains

Be inspired by the turtles and set yourself on the road to currency trading success - there is nothing to stop you achieving success - accept the challenge today!
14 Days Weather Forecast
In 1984, trading legend Richard Dennis taught a Trend Following trading methodology to the group of students above, to prove that the skills required to trade successfully could be specifically learned by ANYONE.

Dennis was settling An argument with business partner William Eckhardt.

Dennis believed anyone could learn to trade, Eckhardt disagreed.

The “turtle" experiment was then carried out to prove who was right and all the potential traders were from different walks of life and all had no experience of trading.

The group included:

• An actor

• A security guard

• Two card players

• An auditor

• A boy fresh from school

• A woman exchange clerk

The Experiment

This group of 14 traders then proved Dennis right by earning an average annual compound rate of return of 80%, making over $100 million dollars for Dennis and many went on to become trading legends who still trade today.

What You Can Learn From The Turtles?

If you are embarking upon learning Forex trading and getting a Forex education the experiment has several key points you need to consider in your own Forex trading strategy.

The reason most traders fail is simply they cannot get the right mindset to succeed and this sees 95% lose.

The turtle trading experiment taught them the RIGHT MINDSET to trade successfully and gave them a set of rules they could believe in and have confidence in.

The system they were taught was simple, anyone could learn it and Dennis knew that simple systems work best as not only are they more robust in real time trading than complicated ones – but they are easier for traders to have confidence in as well.

Dennis taught them to have confidence in the system they were trading, and follow it rigidly to achieve success and this is the simple formula you need to learn as part of your own Forex education – if you do you could enjoy currency trading success to.

A Simple System + Discipline = Trading Success

Keep in mind they did this all in 14 days!

So its not the effort you put it in that makes a forex trader successful its working smart in the right areas that will give you success.

Remember:

You don’t get a reward in Forex trading for being clever or working hard, you get your reward for being RIGHT – PERIOD.

So when you consider your own Forex trading get a simple system that you can have confidence in and you will then be able to apply it with rigid discipline - this is really the key to currency trading success.

Of course you may not become as rich as the turtles did but if you learn the right Forex education you can become a successful trader the opportunity is open to all and the potential is huge.

Forex trading is an exciting challenge so if you have the right mindset and are prepared to work hard in the right areas you could change your financial future for ever. The question is:

The challenge is open but are you up to the challenge? -If you are welcome to the worlds most exciting business opportunity!

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About Author
Both Monica Hendrix & Kelly Price are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Monica Hendrix has sinced written about articles on various topics from Forex Trading Forex, Home Based Business and Forex Day. NEW! PROFESSIONAL FOREX COURSE AND FREE TRADING PDF'sFor free trading guides and an exclusive visit o. Monica Hendrix's top article generates over 22200 views. to your Favourites.

Kelly Price has sinced written about articles on various topics from RSS, Learn Trading and Forex Trading Forex. NEW! FREE Trader PDF'S & Forex Profits AlertsOn all aspects of becoming a profitable trader including: Free critical trader PDFS, and updates on the best high reward trades via. Kelly Price's top article generates over 165000 views. to your Favourites.
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