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Who Are The Turtle Traders?
It all started with a bet between Richard Dennis and Bill Eckhardt.
The Turtle Traders’ legend began with a bet between American multi-millionaire commodities trader, Richard Dennis and his business partner, William Eckhardt. Dennis believed that traders could be taught to be great; Eckhardt disagreed asserting that genetics were the determining factor and that skilled traders were born with an innate sense of timing and a gift for reading market trends.
What transpired in 1983-1984 became one of the most famous experiments (nature versus nurture) in trading history. Averaging 80% per year, the program was a success, showing that anyone with a good set of rules and sufficient funds could be a successful trader.
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