Turtle stock trading success.

The question "What should a professional trader be like?" Iterates every forex newbie. Some people think that you need to have a special education, others argue that only millionaires engage in trading.

The Turtles trading system, or rather its history, completely refute the prevailing prejudices; its author, Richard Denis (a famous financier), thanks to non-standard solutions, was able to introduce a new approach to exchange trading.

It all started with the fact that he placed recruitment advertisements in several stock exchange publications, and there were no special requirements for candidates regarding education and work experience.

There were more than three thousand people interested, from which all 14 candidates were selected, most of whom had absolutely no idea about trading on the stock exchange. Among those selected were two poker players, a security guard, a computer graphics designer and a little-known actor.

This was followed by a two-week training in trading, in addition to technical aspects, Richard Denis shared all his secrets with future players.

At the end of the short courses, each of the traders was provided with starting capital and complete freedom of action. The system itself is called Turtles. As a result of such an experiment, several independent companies appeared trading in different markets.

Using similar trading principles, the Turtles were able to achieve amazing results over several years of trading, increasing their initial capital tenfold, and the average annual profit was about 100%. The secrets of such successes were the use of technical analysis and strict money management. To find entry points, a fairly simple strategy of trading on the breakout of highs was used.

Moreover, the maximum should be quite significant and last more than two weeks. To increase the profitability of trading, the addition of profitable transactions was widely used, and the volumes of opened positions themselves also increased.

The success of Turtles has shown that no matter what markets the trading strategy is used in and who uses it, if all the rules and guidelines are strictly followed, profit is simply guaranteed.