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The Trading Code A Beginners Guide How To Make Money In The Stock Market And Day Trade For A Living(1st Edition)
Authors:
Richard Cohen
Cover Type:Hardcover
Condition:Used
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Book details
ISBN: 979-8360580584
Book publisher: Independently published (October 27, 2022)
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The Trading Code A Beginners Guide How To Make Money In The Stock Market And Day Trade For A Living 1st Edition Summary: Is someone who has earned more than 200 million dollars on the stock market particularly talented? Or can anyone do that?This question was asked by the highly successful traders Richard Dennis and William Eckhardt.Dennis earned over 200 million US dollars on the stock market in 18 years using just 400 US dollars in start-up capital. He claimed that anyone could learn how to trade by applying his trading system.Eckhardt, on the other hand, who was also a hugely successful futures trader and who had already earned many millions, claimed that Dennis’s success should be attributed to his extreme talent and that not everyone could replicate his achievements.Thus begins the legendary story of the Turtle Traders.The two men set out to verify their respective claims. They summarised their trading system through clearly defined rules, which they dubbed the ‘Turtle Trading System’.They placed an advertisement and selected some applicants who had no stock market experience to learn their trading system.The selected participants were first given a demo account to practise and the best of them qualified for a real money trading account with a starting capital of between 500,000 and 2,000,000 US dollars.In the years that followed, these selected participants averaged over 80% profit; and some of them are still successful traders today.Thus, Dennis was ultimately proved right. Anyone can learn to trade!Many believe that you have to be a mathematical genius to be successful in the stock market, or that you need a large amount of start-up capital. Or, like Warren Buffet, that you have to wait 50+ years before you can become rich.But do you really?The Trading Code gives you the answers to these and the following questions:How can a beginner with little starting capital and no prior knowledge achieve the highest possible returns on the stock market?How can they be successful without taking extremely high risks?Which strategies still work today?How can I achieve results as quickly as possible even as a beginner?Is it still possible today to trade profitably with a simple, clear strategy?The Trading Code is an easy-to-understand step-by-step guide to what exactly needs to be done to profitably trade CFDs on stocks and indices on the stock market.We take a close look at the basics. What is a share, index or stock market anyway? What are leveraged products (CFDs) and why are they so popular? How can you massively increase your profits with them? And how can you profit from falling prices? In addition, we will deal with concrete, tried-and-tested strategies based on those of the Turtle Trader, but which have since been adapted to today's market conditions.You don't need any previous knowledge, just a little starting capital. And I promise you, it won't be complicated or boring.
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