Let’s look at the story first and it will make you think.
Novice to Pro Millionaire Traders in 2 Weeks!
Richard Dennis was a famous trader who set out to prove that anyone could learn to trade and he set about proving it in 2 weeks.
He got a group of people together, who had never traded before and they were a diverse group. They ranged from an actor, to a security guard SO, just ordinary Joe’s. he taught them to trade in 14 days, gave them money and trading accounts and they rewarded him - by making $100 million in just 4 years!
Now this might strike you as a bit of a paradox, as 95% of forex traders lose!
The reason is not because they can’t learn, it’s because they learn the wrong information, want to follow others, or have the wrong mindset.
Today how many traders start trading without really understanding how markets work? - The bulk of them.
You Need Confidence and Discipline to Win
Most traders want to follow forex robots that haven’t even been traded, or follow a guru or mentor. Their lazy and wont take responsibility for their actions and lose.
Taking Control of Your Destiny
Dennis knew that he could give them the system - but he knew they would get nowhere with it, unless they understood it and had confidence in it.
Only if they understood it and had confidence would they have the discipline to follow it, through losing periods until they hit a home run.
You Don’t Need to Work Hard You Need to Work Smart!
If you want to learn to trade forex and win you don’t need to work hard, you need to work smart.
That means a few weeks study - forget all the rubbish said about you have to keep learning - you don’t!
Once you have your system, your then down to 30 minutes a day work and that’s it.
You Don’t Need to be Clever to Win Either
In forex trading there is no correlation between how much effort you put in and how much money you make - you get rewarded for being right and that’s it.
The next point to keep in mind is you don’t need to be clever.
The simpler a system is, the more robust it will be and the more likely it is to be successful.
The group Dennis taught were given a simple, long term trend following system, based on breakouts and this is always a good place for any novice to start.
Base your forex trading system on breakout methodology and focus on the long term trends. We have written on how to put together a system based on this methodology in our other articles so look them up.
Forget complicated systems they break and you need to keep it simple just a few rules and parameters is all you need.
The Hard Part!
The hard part as we said earlier is being disciplined. It sounds easy - but it’s not, as you have to keep on track while the market hands you losses and makes you look a fool and it’s hard even for experienced traders sometimes.
If you have built your system, understand how and why it works, discipline will be easier for you to achieve.
Now I am not saying you will get as rich as the group Dennis taught - but the opportunity is there, for anyone to learn forex trading and become a winner.
Sure it a challenge and sure you have to accept success sits on your shoulders but if you want success, the door is open for you.
Remember the market doesn’t beat the trader, the trader beats himself.
So have confidence and a burning desire to succeed and you can enjoy currency trading success.
The package is Betras Swing Method. It works for me, it should work for you…
Get the information, visit : http://betrastrade.blogspot.com/
No comments:
Post a Comment