The turtle story is a trading story that will inspire and motivate you. If you want to get some great forex education learn how a group of traders with no previous experience went on to make millions after just 14 days.
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.
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