Forex

In 1984, Richard Dennis taught a Trend Following trading methodology to the group of students above, to prove anyone, no matter what their profession, could be taught the skills required to trade successfully.

Dennis was settling a debate with his friend and business partner William Eckhardt. Dennis believed anyone could learn to trade and Eckhardt disagreed - the “turtle” experiment was conducted to settle the debate.

The Experiment

The group of 14 traders he taught (the turtles) earned an average annual compound rate of return of 80% proving Dennis right and making him $100 million dollars!

What the Experiment Proved

The experiment with the “turtles” showed that anyone could indeed be taught to trade - all they had to do was learn, and follow a set of rules.

What you can learn from the Turtle experiment

Trading actually looks quite simple, yet few succeed and the fact is 95% of traders lose all their money.

The reason most traders fail is simply they cannot get the right mindset to succeed. The turtle trading experiment taught them the RIGHT MINDSET to trade successfully

The system they were taught was essentially simple, so simple in fact, that anyone could learn it and he combined this with giving the traders not just the system and rules but also the mindset to succeed and trade it with discipline.

Dennis realized that most traders can’t trade with discipline, their emotions get involved and they end up losing.