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Best Currency Traders - Free Trading Advise From the Millionaire Traders! by kelly price





Article Author Biography
Best Currency Traders - Free Trading Advise From the Millionaire Traders! by
Article Posted: 02/27/2010
Article Views: 180
Articles Written: 2028
Word Count: 394
Article Votes: 0
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Best Currency Traders - Free Trading Advise From the Millionaire Traders!


 
Finance & Investment
If you want to learn Forex, you should learn from the best currency traders and in this article, we will look at one such group which went on after just two weeks training, to make hundreds of millions of Dollars. Before we look at the trading strategy, let's look at the background to their education.

Richard Dennis was an experienced trader, who set out to prove that anyone could learn to trade quickly and make money, regardless of their sex, age or educational background. He got a group of people together which included - an actor, a security guard, a lady auditor, a kid fresh from high school and a professional card player, to name just a few of the group.

The training began and after two weeks, he had taught them the strategy they would use and they then went on to trade. The rest is history, as the clocked up gains of $200 million, in just 4 years. Now these traders learned quickly and were spectacularly successful so how did they do it? Dennis gave them a simple system and it's a fact that all the best trading systems are as they have fewer elements to break than complex ones; he also based it on sound logic which was following long term trends via breakouts which is a great way to trade.

The real key to success though, was giving them the right mindset which was to accept far more losses than profits but to have the discipline to keep losses small and have the courage to run the big trends. Anyone can learn a simple system but getting the right mindset proves difficult for most traders - they simply cannot accept losses and run them and on the other hand they don't have the courage to run their profits and this leads to losses long term.

The good news is being disciplined is a choice and its a choice which any trader can make if they want too. If you understand this article you will now understand, why anyone has the potential to win but most traders fail.

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Related Articles - best currency traders, currency traders, best currency trading, free forex trading forex trading advice,

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