Anyone can become a currency trader from home and you don't need to work hard or have a college education and here we will give you a story which will inspire you and show you that the route to Forex trading success is open to you.
Richard Dennis was a well known trader who decided to treat a group of novices to trade to show that anyone could learn to win with the right mindset and education. This group was ordinary people - a clerk, a boy out of high school, an auditor and a security guard, so regular people. He then taught them to trade in 2 weeks, gave them a system and told them to trade and he waited for the results which proved his point, that anyone could learn to trade:
- group made several hundred million dollars, in just 4 years and achieved outstanding success. The rules they used are public information now and free online and if you look at them, you will see the system was simple ( all the best systems are) and all the traders remarked how easy the system was to learn - but the hard part they found was adopting the right mindset to apply it with discipline.
The problem most traders have is not related to learning a system but getting the right mindset to make it win. To make a system win, need to trade with discipline and take losses and keep them small For example, the turtle system had far more losers than winners but by keeping losses small and running the big trends, the system made outstanding gains long term.
- system if you look at it, had rigid money management rules and there hard to follow with discipline but you can see that if you do adopt the right mindset and have the discipline to cut your losses and have the courage to run your profits, you can make a lot of money over the longer term .
Forex trading is a learned skill and anyone can learn a system, the easy part of Fore trading and while it takes focus to adopt the right mindset it can be don and if you trade a solid system with discipline, you can make a huge income - it really is that simple.
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