Many people think that trading requires a great deal of cash to begin with. To tell you the reality, the truths contrast this mistaken belief that lots of traders have. The majority of the great traders started with only a percentage. Bruce Kovner, a one time NYC Taxi Cab driver had no cash. So, he obtained $3,000 on his charge card in 1977 and began trading forex and futures.Guess, just how much he made! He ultimately made $11 Billion. This is real. He resides in New york city.
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So, the fantastic Turtle Trading Experiment was born. Advertisements were made in NY Times, Wall Street Journal and the Barrons. Thousands applied. 13 individuals who had no experience of trading were picked for the experiment. They were offered a set of guidelines that they were supposed to follow at all cost. This is what is known as trading discipline. Within 4 years a number of them called Turtles were millionaires themselves.
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