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Can anyone transform a small investment into a fortune by trading on the stock market? Or does it require exceptional talent? This conundrum was posed by renowned traders Richard Dennis and William Eckhardt. Dennis turned a humble $400 into a staggering $200 million over 18 years through market trading. He firmly believed that his trading system could be learned and replicated by anyone. Eckhardt, a highly successful futures trader, disagreed, attributing Dennis’s remarkable success to his unique talent, not a system that could be universally applied. This marked the genesis of the legendary Turtle Traders.
In order to settle their dispute, they encapsulated their trading strategies into a clearly articulated set of rules, which came to be known as the ‘Turtle Trading System’. They issued an open call for novices with no market experience to learn and apply their system. These individuals were initially given a demo account to hone their skills. The most proficient among them were granted real-money trading accounts backed by a starting capital ranging from $500,000 to $2,000,000. In the years that followed, these traders consistently yielded an average profit margin of over 80%, with some still enjoying thriving careers in trading today. It seemed Dennis’s theory was vindicated – trading was indeed a skill that could be mastered by anyone!
The Trading Code debunks common misconceptions about trading, such as the need for mathematical brilliance, substantial start-up capital, or decades of patience akin to Warren Buffett. It answers pressing questions: How can a novice trader with limited capital and no prior knowledge achieve superior returns on the stock market? How can they minimize risk while maximizing profits? Which strategies still hold water in today’s market? How can beginners expedite their success? Is it possible to trade profitably in today’s market using a simple, straightforward strategy?
The Trading Code is a comprehensive, easy-to-follow guide on how to trade CFDs on stocks and indices profitably. It breaks down the basics: What is a share