Even the uninitiated has a future in trading in the foreign exchange market. It is ironic how only a few people ever succeed in trading the forex when...
Even the uninitiated has a future in trading in the foreign exchange market. It is ironic how only a few people ever succeed in trading the forex when anyone can learn how to trade virtually anytime, anywhere they are. Legendary trader Richard Dennis proves to the world how this fact is an absolute truth. He experimented with 23 people who were not educated in forex trading nor equipped with the right background for forex trading. In just 14 days, Dennis taught this posse of forex trading students and took them through actual trading. After just two weeks of training and trading, this posse has succeeded in bringing him over $100 million in profit. And, Dennis has successfully proven his claim that anyone can indeed succeed in trading in the foreign exchange market given the right information and the right tools.
This experiment, called the turtle experiment, has brought forth several learnings in the area of forex education. Dennis was able to instill in his 23 students the importance of having a simple system that the forex trader is confident with, and the discipline to follow through with the system. Working smart and making money in the process without breaking one's back is a lesson that the 23 students learned from the practical training they got from Dennis.
Success is not guaranteed in the foreign exchange market. There are definitely risks that are involved in forex trading. But, given the right tools to build a reliable trading system, anyone can turn in big pips in the long term. Opportunities for gaining profits in the foreign exchange market are there. Anyone who is willing to learn about how to do it right, and who is committed to doing it right can experience the success that the "turtles" in Dennis' experiment experienced.
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