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In this article, we will look at why anyone can learn Forex trading and look at some people with no trading experience, who learned to trade in two weeks and then went on to become millionaire traders. How did they do it and what can you learn from them? Let's take a look at these traders in more detail. Richard Dennis was a successful trader and wanted to show anyone could trade successfully, with the right education. He selected a group of ordinary people and after two weeks of instruction, let them trade. This group which included an actor, a security guard and a kid just out of high school, made triple dit gains and several hundred millions of dollars in profit. 95% of traders lose yet, this group achieved outstanding success. The information Dennis taught them, can help you achieve success; let's look at the important parts of the experiment you can learn and use to help enhance your chances of Forex trading success. The system taught was simple to learn, that the traders mastered it in just 14 days. The system was a long term trend following system, with strong money management parameters. Simple systems work best because they have fewer elements to break than a system which is to complex or cluttered with too many indicators. The system actually lost the majority of its trades (over 70%) but because losses were so small and profits so big the system made huge overall profits on account equity. When trading Forex, most new traders believe the myth they can trade with 90% accuracy but its not true and you should look to make money on 30 - 50% of your trades and that means you need to trade with discipline. Most traders fail to keep losses small and even the super traders above, said that following the system was far harder than learning it - because no one likes taking losses. Of course the trader Dennis taught chose to be disciplined traders and you can too. You must understand your mindset is the key to your success and you need to keep your emotions out of your trading and employ sound money management. The above experiment proved, that anyone could learn to be a trader and no college education is required or even hard work, in comparison to the profit potential Forex markets offer. If you want to become a currency trader from home you can, all you need is a desire to succeed, a simple robust system. a disciplined mindset and your all set for currency trading success. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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