Today, I’ll let you in on a secret: most currency traders lose money. But keep it on the hush. No one has to know. Let’s keep denying what’s obvious to see. Let’s fool ourselves that their luck is indeed genius. Let’s keep cheering their “illusion of control”. Well, any day but not today.
This is the hour of truth. We’ll shout these wise words from Friedrich Nietzsche: “Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed.” So, here comes the question: Can the average Joe make a living trading currencies? Yes, when hell freezes over first. Here are few reasons why.