Poor- Odds Currency Trading

Despite the steep odds against success, many average retail traders persist in conducting personal currency trades. At one foreign currency trading broker, over 70% of customer accounts were found to be unprofitable over a twelve month period, ending in early 2012.

One of the risk factors is the 50 to 1 leverage factor. That means, $20,000 in cash can expose a $1 million risk. The temptation is great and the thrills are immense, but I can’t see the logic for an average investor. (See the Earl J Weinreb NewsHole® comments.)