How To Trade Forex: Lessons From A Group Of Millionaire Traders To Help You Make Bigger Profits

In this article, we will look at how to trade Forex successfully and if you think you need to work hard or have an economics degree to earn, think again. Here we will show you how a group of ordinary people learned to trade in two weeks and then made millions in profit.

Can anyone learn to trade Forex? Richard Dennis, a world famous trader, set out to prove that anyone with the right education and mindset could win, so he conducted an experiment…

He got a group of people ranging from a security guard to an employee and set about teaching them how to trade. Her education lasted only two weeks, after receiving training from her, she gave them each $100,000 and allowed them to trade and they amassed hundreds of millions of dollars.

The question you may be asking yourself is: how did they manage to do so well so quickly when it is a known fact that over 90% of all traders lose money?

The answer is that Dennis not only focused them on the proper education, but also made sure they had the right mindset to be successful, let’s see how he taught the group so well and what you can learn from this experiment.

The system was simple, so simple that anyone could learn it; he didn’t even test and predict where prices might move in advance, he just traded the reality of price change through breakouts and setting and holding long-term trends, which is a timeless way to profit.

The real key with any system is to trade with discipline and this is why most traders fail: they can’t keep losses small. Most traders believe the ridiculous message that you can trade with over 90% accuracy, but sellers of cheap Forex robots and other sure fire systems put it out, but the serious trader knows this is not true. .

You will get losses and lots of them, but that doesn’t matter, if you keep them small. Consider the above system, it lost a lot more trades than it won, but that didn’t stop the system from making huge profits in the long run, because traders kept losses small and ran their profits.

The key to winning is to keep your losses small, which can be difficult when the market takes you the wrong way and makes you look like a fool, but you must take these losses! You must not get angry or frustrated, be tempted to take losses or deviate from your trading plan, you must stay the course and that requires tremendous mental discipline.

Can you learn a simple trading system? Of course you can and you can also get a disciplined mindset because this is simply a choice and it is a choice that any trader can make.

So focus on getting a simple Forex trading system and trade with discipline and you can enjoy a great second income from home.