Forex Trading Tutorial - Lessons From A Group Of Super Traders For Bigger Forex Profits

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Here we will give you a Forex trading tutorial which if you understand can get you on the road to making big Forex profits quickly and is essential Forex education for all novice traders.

Are traders born or made? This question is one many people who want to trade ask themselves - can I really learn to trade and win? One man set out to prove that anyone could learn and his name was Richard Dennis.

Dennis set up a test, he took a group of people who ranged from a security guard to a lady auditor who had never traded before and taught them to trade in 14 days. He then gave them money and watched them trade; they made over a hundred million dollars and went down in history as trading legends - the point had been proved.

Trading is a learned skill but this doesn't change the fact, that well over 90% of all traders lose money. So why don't they win when everything about trading can be learned?

Some explanation will make this clearer.

Trading is simple and those who think a complicated method works better are wrong; a simple system will work well because its stronger, with fewer elements to break and Dennis used a very simple method.

He knew learning the method would present no problems to his group. What would present them with problems, was getting the right mindset to apply it because if you can't apply a method correctly, you don't have one.

Most traders simply cannot apply a system with discipline and as soon as they start to lose, they let their losses get out of control and when trading on leverage this leads to disaster.

Dennis therefore taught his pupils strict money management rules and the mindset to take losses and stay on course until they hit profits again. In fact, they lost far more trades than they won - but they still made huge gains.


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