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The turtle story is perhaps one of the most inspiring trading stories ever and if you want to learn forex trading, then you should study how they did it.

Let’s look at it in more detail.

The Experiment

Legendary trader Richard Dennis set out to prove over 20 years ago, that successful trading could be learned by anyone and set out to prove his point.

He took 23 people all with no trading experience:

Male, female, young, old and from a variety of jobs - many of them blue collar and set out to teach these people a method they could use to make big profits.

Forex trading (also called foreign exchange trading) is very popular as a way to invest from the comfort and privacy of your own home. This particular method of investment has been growing in popularity since 2005.

Forex online trading is just like any other investment vehicle—full of risks that can cost you dearly if you don’t know what you’re doing or fail to act responsibly.

Some people, looking for quick cash with minimum effort, make the serious mistake of investing their money in Forex before they have any idea of what they’re doing. Unless they get extremely lucky, they lose their money.

Do the opposite of what they do! This may sound obvious but most traders like to follow accepted market wisdom and trade in the direction of the crowd. If you want to win at forex trading you need to step away from the crowd – and that’s what this article is all about.

In terms of following accepted market wisdom like day trading, buying low – selling high and predicting the market, these are 3 examples of how to lose when devising a forex trading strategy and if you don’t know why read our other articles!

The character trait we are referring to will make you lose, yet it is one we all admire in all other aspects of life - so what is it?

The trait is being too clever.

This may sound odd, but working in a brokerage for 10 years and seeing thousands of clients, every time a trader tries to apply to much effort or be to clever they lose because:

Simple systems are best and the real key is the discipline to execute the method – not its complexity.

It’s the dream of all Forex traders to set up a business they can make huge profits from and do it from home. No boss, any long hours - just big profits! Is it possible?

Yes it is but you need to keep the following facts firmly in mind.

Fact: Anyone can learn to trade

It’s a fact that anyone can learn to trade and everything about trading can be specifically learned by those traders prepared to put in the time and effort to do so and this was clearly demonstrated by the following: