The results are as follows: in 4.5 years the students received 80% of annual profits and went down in history as "turtles". “ People have a tendency to believe that complicated ideas are better than simple ones… Some of us thought that trading successfully couldn’t possibly be that simple that there must be something else to it”. 13 people were selected from them, the future turtles-millionaires. Many people responded to the offer to learn how to trade on the stock exchange with the starting capital of a million dollar, provided by Dennis. ![]() He and Eckhardt, having concluded a bet, posted ads in the Wall Street Journal, Barron's and New York Times. Dennis won the bet: almost all course participants earned millions, having proved that anybody can be trained to be a trader.īack in the 80-s, Richard Dennis had a reputation of an outstanding trader due to his ability of turning thousands into millions. "Way of the Turtle" describes the training process of people without any experience in stock trading. Dennis an Eckhardt have never told about the experiment in its entirety until now. The bet became a legendary trading experiment. To settle the debate, these successful traders decided to train beginners. Is it possible to be taught Forex trading from the beginning and to gain $31 million in just two years? Or the success results only from experience and professionalism? Richard Dennis and William Eckhardt bet about that in the early 80-s. ![]() "We're going to raise traders just like they raise turtles”: the story of an experiment
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