So is there a trading apporach that could be universally adopted for trading success? In my opinion, I do not think so. The reason is simple, if you have ever heard of the turtle traders (Richard Dennis), one of the pretty much successful and talked about trend following strategist many years back, whom engaged a group of newbie traders that had no experience or idea about the financial markets. It was where Richard and his partner later trained this group of people to use their proprietary strategy, and with no stone unturned, to find out if they could attain the similar result that they had achieved over the years. And yes, the result indeed turned out to be pretty surprising to many, as almost 70% of this group of trained trend followers failed to make profit from the market using their proprietary strategy, where the remainder either modified or refined it, and only a minority found success in following the system totally. But the final result of this interesting story was pretty ...
Trading The Global Markets With A Systematic Approach