Forex Trading -These Ordinary People Made Millions After 2 Weeks Training How? by KELLY PRICE

In one of the most famous trading experiments of all time a group of people who had just 2 weeks training went on to make hundreds of millions of dollars. What did they do to achieve such stunning success?

This story motivated me to trade and I hope it does the same for you and concerned a bet. The bet was between Richard Dennis and his partner and the bet was based on:

Could traders be made or were they born.

Dennis thought they were made and set out to prove his point.

He got a group of ordinary people together including - an actor, a security guard, a boy just out of school and a female auditor, to name just a few and they only had one thing in common:

They knew nothing about trading but Dennis was about to change that in spectacular fashion.

Dennis set about his task and taught them to trade in a couple of weeks and the rest is history. They became legends and made hundreds of millions of dollars, Dennis had proved his point.

So why did this group do so well while it's common knowledge, that 95% of traders burn their equity quickly?

Well what you can learn from the experiment is:

Anyone can learn to trade - but success is determined as much by mindset as by method.

Let's look at this in more detail.

Dennis taught them a simple trading system (basically a long term breakout method) and combined it with strict money management.

Dennis knew that most traders fail due to lack of discipline - they simply cannot trade through drawdown periods and take losses and keep on track, until they hit a home run.

So he didn't just tell them to follow the system - but to know everything about it including, how and why it worked and how it could lead them to success.

In short he taught them the method and made them understand that they were responsible for their success.

Compare this to most traders today, who think they can get rich with no effort.

Most traders today, want to followers but this is doomed to failure, because success comes from within.

Trading requires discipline above all else and you need iron discipline to win.

This is hard for even veteran traders at times when the market continues to hand you losses and you look stupid. Don't believe the rubbish you read on the net about consistent income - you will take losses for weeks or months at a time and you need to stay on track, until you hit a home run.

It's a motivating story and this group called "the turtles" showed that anyone can achieve success, with the right mindset and education. Sure you might not make as much money as them however the opportunity is there and even if you don't you can enjoy currency trading success and make a great income for the effort you put in.

Read more of their story and I hope it gives you the confidence to trade, as it did for me 25 years ago and got me started in the world's most exciting investment!

NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE