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Chapter 6. Tools and Strategies to Get S... > Gut Check: What It Takes to Be a For...

Gut Check: What It Takes to Be a Forex Investor

I was flipping through the TV channels early one Sunday, enjoying the few hours before the markets in Asia opened, when I saw an advertisement for Forex. The spot featured a “testimonial” from an “actual Forex trader.” The trader was a cattle farmer in Montana or some other western state. He was standing in his pasture, talking about his experience in international investing and how Forex was the market of the future.

During the boom markets of the late '90s, I grew used to seeing commercials or stories about traders in remote or strange places, but this spot bothered me. It wasn't that the investor had begun trading or that he had become successful. What angered me was his advertised trading “strategy.” He claimed that the Forex market was easy. He could wake up, place his trade, and come back later in the day to collect his gains. In between, he had time to do his chores around the farm.


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