Do you know many people who turned approximately $400 into $200 million in ten years?
Richard Dennis, a famous trend trader, achieved this amazing accomplishment, becoming a millionaire before the age of 26.
He believed that trading could be taught to anyone, which led to the famous experiment of the Turtle Traders, where he taught a random group of people the basic principles of trading over a two week period.
His group of 23 traders, five years after he taught them how to trade, had made a collective profit of approximately $175 million dollars.
Richard has been an inspiration to many, and has proven the effectiveness of the trend following strategy.
We’ll now look at 6 of his most famous quotes:
“Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I’ve learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they’re almost always wrong.”
Forex trading involves significance and not suitable for all investors, High degree of leverage that is obtainable in Forex can work for you or against you. Past results is not an indicative of future performance.
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