The Entrepreneurs

Turtle Experiment: What can we learn from it?

  • Written by News Feature Team

Forex market is marvel wonder of the investment world. When the stock markets are trying to make money and grow big, this market has grown to be the largest investment market the world has ever seen. If you look at the Forex market, you will fall to the ground when you know how much money is being traded every second in this market. It is not millions and also not billions, the amount is in trillions and every day this market is growing big.

The turtle experiment in Forex was the true wonder that has made the traders of the world believe there is no luck in Forex. When Forex trading first started, traders were losing money and they are also losing it. At that time, many of the people believed that this market was rigged. There was one trader, named Dennis Richard who has made millions by trading in the market. He was seen as a legend of the investment world and many believe it was pure luck that brought this fame and money to Dennis. His partner, Eckhart also believed that Dennis was a miracle trader. They were all proved wrong by this turtle experiment and this is what earned this experiment a spot in the history of Forex forever, every trader from the present and the future can learn many things from this historical experiment of Forex.

As a human being, we have learned continuously to keep pace with this modern world. When it comes to the Forex trading profession we are participating the most volatile market in the world. So if we don’t trade this market with the extreme level of caution then we are bound to lose money. Just by assessing the current success rate of the traders it’s evident that this industry is not for all. Out of 100 traders, only 5 of them are making money on regular basis. So without working hard, it’s nearly impossible to become a successful trader. The starting part of your trading career will be a bumpy ride but over the period of time, everything will get easy. There nothing to fear, you need to have strong confidence to win this volatile market.

Every trader is born genius; it is the discipline which showcases their ingenuity

People believed that Dennis has a miracle that made him earn these millions. When he started this turtle experiment, there were not only Forex traders to be his students. Thousands of people to apply for a becoming the student of the legendary Forex trader. Everybody was not selected and only 14 people were lucky to be trading and learning with Dennis Richard. Among these traders, there are financial consultants, traders and teacher and also other professionals. Some of these people did not have any prior education in Forex and many of them had no idea how to trade. They were given education and taught how to trade by Dennis himself and within two weeks, their training was complete. We think it will take us years to achieve mastery, but Dennis showed us mastery can be achieved in weeks. These traders were later given money by Dennis whom they invested and made more than 100 million in the next years. Many of them had no schooling on Forex and they were making thousands of dollars. It was all because of their discipline. This experiment broke the biggest myth that Dennis was an ordinary trader. Every trader is brilliant born but needs the discipline to showcase his wisdom and intuition.

Time and tide wait for none. So if you decide to become a full-time trader then start learning the fundamental things of this market. Try to find some good trading course conducted by the professional trader so that you can get an overall idea of this market. Think about the advance money management system before placing a trade. Never take unnecessary risk to make a big profit.


.

New Venture Institute named best univers…

NVI Director Matt Salier The New Venture Institute (NVI) at Flinders University has achieved global recognition by being named the ‘Top Challenger in the Asia-Pacific’ in the latest UBI World Benchmark...

Invert Robotics’ technology is enabling …

Invert Robotics technology demonstrated on a Boeing 767 UPSIDE-DOWN ROBOTS FROM “MIDDLE-EARTH” TO IMPROVE GLOBAL AVIATION SAFETY   From the small country that ‘punches above its weight’ in regard to innovation and...

Google Trends is the go-to for retail da…

While Nielsen is recognised as the world leader in retail data measurement, its data collection methodology leaves room for improvement, highlighted by recent Nielsen data which suggested amazon.com.au enjoyed a...

Poolwerx makes the top 500 US franchise …

Poolwerx has been ranked 183 in Entrepreneur magazine’s Franchise 500® list, just three years after the pool and spa care franchise entered the US market. Poolwerx CEO John O’Brien said since...

Microsoft moves into Sydney's new startu…

In a major coup for NSW, Microsoft will bring its world-renowned intensive program for start-ups to the new Sydney Startup Hub, making it one of only eight locations in the...

The Studio Ltd, NSW’s first Media and Cr…

Top media and entertainment industry powerhouses join forces for NSW’s first creative tech incubator     SYDNEY, 14th February 2018: The Studio Ltd, NSW’s first Media and Creative Tech incubator for the media, entertainment...

New Zealand retailer Foodstuffs to trial…

Auckland, New Zealand - New Zealanders will be the first in the world to trial new artificial intelligence technology that brings the checkout to the trolley when they shop for...

ANU and Intelledox Announce Strategic Ag…

Canberra, 13 February 2018: The Australian National University (ANU) and Intelledox, a global software provider focused on bringing digital transformation to everyday customer interactions across medium and large organisations, have...

Volantio Secures $2.6M Series B Financin…

Atlanta, GA. - February 12, 2018 - Volantio, a global leader in post-booking revenue and capacity optimization software for airlines, today announced a $2.6M funding round led by Ingleside...

Incubator support to help build globally…

Dozens of new Australian businesses will receive help to transform their ideas into globally competitive businesses as a result of the Turnbull Government’s Incubator Support initiative. The funding, which totals $1.78...

Creating opportunities for clean energy …

Origin is encouraging local Australian clean energy start-ups to apply for two pioneering accelerator programs that are offering both local and international support and opportunities.   Applications for Australia’s first clean energy...

Caltex Australia launches Slingshot acce…

Caltex is looking for the next gen of disruptive businesses for its Spark Accelerator Program  Caltex Australia, the nation’s leading transport and fuel supplier, is today launching Caltex Spark, a new innovation...

The Aussie entrepreneurs taking a bite o…

SMARTPHONE owners know the pain and frustration that comes with a broken or damaged device.  However, one innovative Sydney startup is taking away the stress of mobile phone repairs, recovering and...

Find-me appoints Rachel Boden as new CEO

Find-me Technologies, the creator of the Find-me Carers Watch, a wearable device to assist the elderly and those diagnosed with dementia, is preparing for rapid growth with the appointment of...

Teens can try careers before they buy wi…

Teenagers preparing to enter the workforce without a clear plan get to ‘try before they buy’ with Apprenticeship Careers Australia’s pre-apprenticeship and traineeship programs. The new, free, short courses give...

Investible pilot program sees Indigenous…

Indigenous Business Australia’s (IBA) national accelerator program, run by early stage investment group Investible, has helped nine early-stage indigenous startups turn their businesses into viable commercial enterprises.    The eight-week accelerator saw participants work with...

The Women's Business School announces Ac…

The Women’s Business School has been designed to support and increase the growth of scalable businesses run by women. Statistics show that women, particularly women from indigenous and multicultural...

5 Songs You Should Have On Your Road Tri…

If you plan on grabbing yourself a cheap campervan hire and hitting the open road with your friends, one of the best ways to pass the time is to have...

HOW TO STITCH UP YOUR FASHION LABEL SO Y…

Burleigh based fashion lawyer Julian Blanchard, who has worked with some of the biggest Australian fashion brands like Billabong and One Teaspoon, as well as emerging trend-setters like Byron Bay...

EXYRA: Eye protection

Microsoft and Apple know that looking at computer screens can affect your eyes and your mood. The proof lies in that fact that PCs, laptops, iPhones and the best smartphones...

5 Actionable Tips to Keep your Office De…

If you work in an office job, the chances are that you spend an average of eight hours a day at your desk. Well, that’s when you’re supposed to be...

Airtasker teams up with Coles for fast a…

Coles is teaming up with Australia’s largest local services marketplace Airtasker to trial a new fast and flexible grocery delivery offer for Sydney customers. The Airtasker Shop and Deliver service...

Planning on expanding your SME internati…

When expanding a business internationally there are 101 things to think about. Organising finances can often be the most confusing and stressful of these. With countless big banks and transfer...

Top 5 Reasons To Choose WordPress As You…

When it comes to building your own website, you’ll find a lot of options to make your pick from. But then again, with so many options at play, narrowing down...