The Turtle Trading Strategy was actually born because of a disagreement between Richard Dennis a commodity speculator and his trading partner William Eckhardt over nature and nurture philosophy. Richard Dennis believed that average people could be trained and taught specific rules in order to become a profitable trader while William Eckhardt believed that trading success was a function of your innate talent and could not be taught.
All you need is to have your live account verified! Of course, you need to open a live account USD30 from each Forex Broker Below. Both Forex Brokers have excellent rating! In order to find out if successful trading can be taught, they hired a group of people called The Turtles and they were put through a rigorous training program and afterwards they were given a million dollars to trade.
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The Turtle experiment proved that successful trading can be taught as the group was able to generate millions of dollars in profits. In essence, the Turtle strategy is a trend following system and is designed more for the long-term traders.
Hope that you like the strategies that we share. If you like the strategies here, you will absolutely love our latest strategy The MorningPips Trading System. The aim of Morningpips is to finish trading by the morning. The components of the Turtle Trading system are as follows:.
The turtle system should be used only in the most liquid currency pairs which are the majors. The original Turtle trading strategy used a complex position sizing calculation which was based on the dollar volatility of the market.
The Turtles used a concept called N, which represent the underlying volatility of a particular market.
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N represents the average range in price movement that a particular market experience in a single day. The Turtle trading strategy had two different entry techniques called System 1 and System The forex forex system trading trading forex trading profit rules for the System 2 was the same the System 1 but using the day period instead.
The Turtle Trading Strategy requires a strong level of discipline in order to be able to catch the big moves in a trend. One of the biggest trader of all times Jesse Livermore concludes that: If you like to learn how to anticipate market movements and stop using lagging indicatorsthen you will absolutely LOVE our Sniper Trading System.
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