Wow, this is interesting. 2 major forex brokers reported that 70 percent of all accounts lost money each of the last 4 quarters, according to the following LA Times article. Are you kidding???
I knew the odds were stacked against all but the best players but those are pretty abysmal stats for those that play forex. Random betting with a risk management system would have to do better than that I would think. But then again you have to beat the spread and the quirky things that happen in the forex market that don't happen in the futures market.
I've got some of my own stories of experiences in the futures and forex markets that a few people thinking about getting into the game might like to read but that's another day.
Anyway here's the link to the article.
http://www.latimes.com/business/la-fi-amateur-currency-trading-20110403,0,588787.story
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