Learn Forex - Essential Tips From a Group of Millionaire Traders to Lead You to Huge FX Profits!

If you want to learn Forex and win, you need to get yourself a good currency trading education

. In this article, we will look at a group of people who had never traded, learnt to trade in two weeks and went on to make millions of dollars. Let's take a look at these traders in more detail and see what we can learn from them and get on the road to trading success.

Richard Dennis wanted to prove anyone could learn to trade and make money with the right trading and he set up an experiment. He advertised for people who wanted to learn to trade and thousands replied so he picked a cross section of people from all walks of life and the group contained - a security guard, an actor, a young boy just out of high school, a lady accountant and a professional card player. These people were then given two weeks training and after that Dennis gave them live trading accounts.

These traders went on to make hundreds of millions of dollars and the experiment had shown that educational ability, sex or age were no barrier to success and even better trading could be learned quickly. So what can you learn from these traders? Let's take a closer look.

- The group showed that anyone could learn to trade and they were only taught a simple strategy and any trader needs to learn the best Forex trading strategies are simple because my a strategy to complex and it will have to many elements to break. Anyone has the capacity to learn a simple trading strategy which can make money and you don't need a college education to do so.

- The strategy also focused on the long term and its a fact that most traders don't trade long term, they like to scalp and day trade, take low odds trades and lose. If you want to win, focus on the long term trends that make the really big profits. If you this, you can spend less time on your trading and make more money.

- Perhaps the major lesson a new trader can learn from these super traders is money management. Money management and trading with discipline is the key to success and these traders actually LOST over 70% of their trades yet still made huge gains because they kept their losses small.

- Most traders think they can win most of the time and believe the laughable message of Forex robot vendors who tell them they can enjoy a 95% success rate, of course its not true but that doesn't mean you can't make big gains you can, just keep your losses small and run profits and you will do just fine.

The above story was an inspiration to me, when I first started to learn to trade and I hope it inspires you to join the exciting world of Forex trading.

Learn Forex - Essential Tips From a Group of Millionaire Traders to Lead You to Huge FX Profits!

By: Kelly Price

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