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If you want Forex trading advice which can get you on the road to trading success, you need to learn from the best traders and in this article, we will look at a group of traders who learned to trade in two weeks and went on to make millions in profit. How did they do it? Lets take a look at this group of traders in more detail and see what we can learn from them. Richard Dennis was a famous trader who had a bet with his partner, he could teach anyone to be a successful trader and do so so quickly, so he set up an experiment. He gathered a group of people with no trading experience which included - a lady auditor, a security guard, an actor and a kid who had just finished high school. This group were then taught to trade in two weeks and went on to make millions in profit and Dennis had proved - anyone had the potential to be a successful currency trader and learn quickly. So if 95% of traders lose, what did these traders do right? Let's take a look - The best trading systems are simple and robust and focus on trading price action. If you make a system to complex it will have to many elements to break so, these traders were taught a simple system which predicted nothing, it just focused on locking into the big trends and big profits, as price action confirmed the moves via breakouts and this is the best way to trade currencies. - Another important point many traders need to learn is that, you can lose far more trades than you win and still make huge gains. The system these traders used, only won 30% of the time but because the winners were far bigger than the systems losers it made huge gains. Never believe the rubbish you read online that you can trade with 90% accuracy it's not possible. - All the traders commented learning the system was easy but learning how to trade with discipline is hard because taking losses hurts the ego. When most traders lose, they let losses run and hope they turn around but this leads to disaster. The group of traders Dennis taught knew, taking losses and keeping them small, was the key to winning and they traded with discipline and were well rewarded. As you can see to win at Forex trading, you only need a simple trading system but you will also see the key to winning is getting the right mindset which most traders don't. The good news is getting the right mindset is a choice and if you make the right choice you can win. So if you want to make money trading currencies you can, you just need to work smart and get the right mindset and currency trading success can yours. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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