In this article, we will look at some lessons from a group of ordinary people who learned to trade in just 14 days and then made a few million dollars. You can learn a lot from this group of people so let’s see how they have achieved amazing Forex trading success after a few weeks of training.
The paradox of FX trading is easy to learn but rarely successful. In fact, only 5 percent of the money-making businessmen are in the minority. If you know how our group of super traders has learned to win, you will understand how they made money and how you can do it.
The story begins when a famous businessman named Richard Dennis decides to teach a group of people who have never done business before. He chose some people and they were both men and women, of different ages, different levels of intelligence and group:
An out-of-school kid who never worked, a security guard, a lady accounts clerk and an actor and Dennis then started teaching them trade.
They learned to trade in just 14 days and the rest is history – they have accumulated millions of dollars in trading profits and many are still trading successfully today. So how did they succeed when so many businesses failed? Let’s take a look at more details.
The trading method was not complicated or there was no extra load with the indicators, it was easy! The trading method follows the price action in a chart, locking up big trends through breakouts which is a proven way to make money.
Focus on long-term arrangements!
Most traders prefer to trade skulls and day, they put a lot of effort and lose money. The team of traders whom Dennis has taught has reversed and focused on the big trends that last for many weeks or in some cases months and hold them for huge profits.
The system has lost most of its time and about 70% of businesses have lost money but those who have made money have made huge profits. This allows traders to accumulate long-term profits in triple digits and still lose most of their business.
The method was easy to learn but difficult to follow, as many traders have said in interviews and test books. However, they knew they had to maintain discipline and reduce losing trades quickly and run their profits to win, and they did so with remarkable success.
No one likes to lose, we all have pride – but if you want to win in Forex trading you must learn to take losses and keep them short.
Most traders can’t do this and lose. To enjoy the success of currency trading, you must learn to minimize losses or you will lose. Be smart – lose your ego and accept the loss and run the profit and you can achieve success.
Why You Can Succeed Forex Trading
If you understand the article, you will see why most traders lose and how you can win. It is easy to learn an FX trading system that can make money but you need to have the right mindset to win and this is why most traders fail.
The right mindset for success though is a choice and if you want to enjoy success, make the right choice and on the path to long term FX trading success.