It's such a simple formula, that it's overlooked by most new traders.



Why recreate and reinvent what has already been created, invented and tested?

There's always room for innovation, of course.

But, there's this to consider when you're trading the markets.

There's the "cost factor" of learning one's way to success in the markets. It isn't cheap.

From a purely financial cost basis, it just makes sense to cut out the costly mistake process whenever it's possible to. But, it seems that this is precisely where our egos get in the way of our own success.

In addition to the high cost of learning mistakes on our own, we also ignore that there is a significant "time factor" associated with learning things the hard way.

Our school systems understand this process and we readily agree, It's easy to see that it's advantageous to have someone who knows (what we do not), teach us, and bring us up to speed as quickly as possible.

Somehow, we can see this when we look at our educational institutions.

This is a tried an true approach to learning and applies to trading markets as well as everything else.

Could it be because our egos have been inflated with our sense of accomplishment in our careers and day jobs?

The facts declare that whatever field we already know or have mastered, that specific expertise will not help us to be successful in the field of trading the markets of this World.

There's just no doubt then, as it's already been proven in our own lives, that we need our own successful guides, teachers or mentors to succeed in trading markets.

Trading the Markets. We can learn to do it right and there are some successful traders willing to teach us how it's done.

This has been proven as part of an experiment conducted with real money and real students by Richard Dennis in the futures markets many years back. He believed that trading could be taught and set out to prove his theory. He succeeded tremendously and produced traders that are heads of some of the largest trading funds in the World today. Traders who manage Billions of dollars every day.

The success with this mentored group is legend and enormous.

And, the mentoring continues today through market trading masters who are willing to bring along others and teach them the secrets to success that they learned.

I'm most interested in collecting more information about these successful traders and their trading models and will continue post the ones I find to my web page which can be reached through the link at the end of this article.

My first very, very short list of "mentors of trading" is in the Forex Market. I will continue to investigate this market and, when I've completed this list, I'll move on to find the very best in other markets as well.

So far, several of the few trading masters I've found have filled their quotas and stopped teaching altogether (at least for a while).