If you want to learn forex and get the best Forex education you need to know about “the turtles” You may never have heard of them but these traders learned to trade in just 14 days ( they had no previous experience and went on to make $100 million! How did they do it? Let’s find out.
In 1984, trading legend Richard Dennis taught a Trend Following trading methodology to the group of students above, to prove that the skills required to trade successfully could be specifically learned by ANYONE.
Dennis was settling An argument with business partner William Eckhardt.
Dennis believed anyone could learn to trade, Eckhardt disagreed.
The “turtle” experiment was then carried out to prove who was right and all the potential traders were from different walks of life and all had no experience of trading.
The group included:
• An actor
• A security guard
• Two card players
• An auditor
• A boy fresh from school
• A woman exchange clerk
The Experiment
This group of 14 traders then proved Dennis right by earning an average annual compound rate of return of 80%, making over $100 million dollars for Dennis and many went on to become trading legends who still trade today.
What You Can Learn From The Turtles?
If you are embarking upon learning Forex trading and getting a Forex education the experiment has several key points you need to consider in your own Forex trading strategy.
The reason most traders fail is simply they cannot get the right mindset to succeed and this sees 95% lose.
The turtle trading experiment taught them the RIGHT MINDSET to trade successfully and gave them a set of rules they could believe in and have confidence in.
The system they were taught was simple, anyone could learn it and Dennis knew that simple systems work best as not only are they more robust in real time trading than complicated ones – but they are easier for traders to have confidence in as well.
Dennis taught them to have confidence in the system they were trading, and follow it rigidly to achieve success and this is the simple formula you need to learn as part of your own Forex education – if you do you could enjoy currency trading success to.
A Simple System + Discipline = Trading Success
Keep in mind they did this all in 14 days!
Why Sigma
1. Lowest spreads in the forex market, No other broker offers such competitive spreads .
2. Sigma is the only broker that allows you to customize your trading account as you wish.
3. Maintaining the security of your money is a major objective at Sigma.
Our devotion to our clients has made our firm a respected industry leader, that we have a strong commitment to maintain a long term relationship with our clients.
4. Low margin requirement.
5. Full Hedging capabilities.
6. Sigma is a registered financial institution, and registered with the European registration authorities. The regulations set out into notice by these agencies are created to help ensure the safety of our clients’ deposits.
7. We maintain enough liquid capital to meet the needs of the amount required to cover all client deposits, potential shift back and forth in the firm’s currency positions and outstanding expenses.
8. We put forward our financial information to regulatory bodies on a weekly and monthly basis.
9. In addition to all the above, Sigma holds all deposits with only highly reputable financial institutions. We are appreciate the trust of our clients place in us.
Please be aware of brokers that guarantee the safety of your funds or that claim that your funds will receive special protections such as FDIC insurance. Nobody can guarantee profits in Forex trading.
