| You might have asked yourself if
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| | developing his trading before he averaged
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| investing is a skill that can be learnt
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| | 52% per annum between 1982 and 1991 with
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| by you or if it is something that only
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| | his fund AZF Commodity Management.In a
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| works for people with sound instincts and
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| | recent audio interview Larry Williams,
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| good luck. Probably one of the most
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| | famous for winning the 1987 Robbins World
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| famous answers to this question are the
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| | Cup Trading Championship where he managed
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| results from an experiment conducted
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| | to turn $10,000 into $1.1 million, said
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| during 1984 by successful trader Richard
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| | it took him 6 to 12 years working out how
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| Dennis who taught a trend-following
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| | to invest.Christopher Tate, the famous
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| methodology to a group of non-investors
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| | Australian author on trading, actually
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| that he later nicknamed the "Turtles".
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| | claimed it took him around three years
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| Dennis strongly believed that investing
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| | just to break even.Why does it take so
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| abilities could be broken down into a set
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| | long?
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| of rules that could be passed on to
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| | You can see that some of the most
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| others. Here is an extract from the Wall
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| | successful investors took many years to
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| Street Journal article outlining the
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| | master trading. Why does it take so long?
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| results:Can the skills of a successful
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| | There are a few good reasons:Firstly, the
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| investor be learned? Or are they innate,
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| | students of Mr. Dennis had a distinct
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| some sort of sixth sense a lucky few are
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| | advantage since they were shown how to
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| born with? Richard Dennis, the legendary
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| | invest by a successful investor,
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| Chicago trader who turned $400 into $200
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| | demonstrating that one of the most
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| million in 18 years, has no doubt.
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| | successful ways to learn to invest is to
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| Following an experiment with a group of
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| | get instruction from a professional,
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| would-be investors, he's convinced
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| | observe what they do, ask questions and
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| investing can be learned. Over the past 1
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| | have a go yourself. Of course, many of
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| 1/2 years, a group of 14 traders he
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| | the classic trading books were available
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| taught earned an average annual compound
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| | at the time of the Turtles experiment,
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| rate of return of 80%. In contrast, about
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| | yet the participants were not successful
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| 70% of all non-professional investors
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| | until the expert knowledge and investing
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| lose money on a yearly basis.How long
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| | experience of a successful investor was
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| does it take to learn to trade
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| | imparted to them.Secondly, investing is a
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| successfully?
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| | practical skill set. A theoretical
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| Of further interest is the time it takes
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| | understanding doesn't make a successful
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| people to learn to invest successfully.
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| | investor. The gaining of experience is a
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| Market Wizards, the best-selling classic
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| | vital ingredient to trading as
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| reference book by Jack D. Schwager,
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| | demonstrated by the length of time
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| delves into the minds of some of the
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| | committed by some of the world's most
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| world's most successful investors finding
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| | successful investors above. Having the
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| that they took up to a decade to learn to
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| | discipline to implement your trading plan
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| trade effectively.Al Weiss, who pioneered
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| | is perhaps one of the most important
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| the development of the urethane
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| | elements of gaining practical experience.
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| skateboard wheel, spent four years
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