Wednesday, February 4, 2009

Forex Trading- How to Make Millions

By forexmillion

We have all heard of trading systems that promise to make you millions in a matter of weeks, so is this possible? Can you really achieve millions of dollars in a matter of weeks? Well according to the Turle's story, yes this is possible. Turles's story is about inexperienced traders that in 14 days after implementing his strategies have earned millions of dollars in profit. Some of these traders are now some of the most famous Forex Traders in the world.

So what is this theory and is it for real?

It all started with a debate.

On one hand we had Richard Dennis taught a group of students about a system used to follow a trend. The idea of this was to prove that profession is not an issue and that trading is a skill that anybody can learn if they are taught correctly.

Whilst a Friend of his Eckhardt believed that successful trading cannot be taught to just anyone.. So who did Richard decide to teach?

The trading group came from all backgrounds and they had absolutely nothing in common, except for the fact that they knew nothing about Forex Trading. They ranged from security guards, book keepers, work experience, clerks, and professional card player.

The first part they were taught was the psychology of trading, having the right mindset and how to use a simple trading system with money management skills also being taught. This is what they needed to learn to succeed.

So what is the system? Can you learn this system?

The system that Dennis taught was so simple, so simple that anyone can learn it and implement it. They were also taught they needed to build confidence in their new system and how they needed discipline ensure the success of the system.

What they learnt.

This story teaches us that in trading it is not necessary to have a profession to achieve something but working smart and not hard on the right areas added with a strong determination to succeed - millions comes next. The key to this is learning simple strategies and implement them, for more education lessons feel free to visit the CFD FX REPORTthey offer a host of Free Education lessons and can help you find the Best Forex Brokerfor placing your winning trades.

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