Executive summary by Sacha Tarkovsky

One of the most inspiring stories I ever read, was how legendary trader Richard Dennis taught 14 people who had never traded before, to trade successfully in just two weeks.

Richard Dennis taught them three major points:
1. A simple method they could have confidence in.
2. Money management.
3. Applying the method with discipline.

1. Method
You should be using a long term trend following methodology looking for the big trends that produce the big profits and breakout trading is ideal for this.
If you want to win at online forex trading, you need to know about breakouts.

2. Money Management
If you start with a “breakout method” and base your trading method on it, then stop placement is obvious.
If you only trade significant breaks your odds of success will be high.

3. Discipline
Is perhaps the hardest part of trading online forex.
You need to apply your method with rigid discipline otherwise you have no method at all.

Discipline is all about experience and even seasoned traders find it hard to keep executing a method when a string of losses occur.

1. Market Wizards and The New Market Wizards ( edit )
2. Trader Vic

A true trading legend, who shares with us his thoughts on trading, money management and trading psychology, a fantastic all round book.
Trading is Simple, yet people try and complicate it.

Work smart not hard!