Currency day trading looks low risk and high reward to most traders but it is impossible to win at it and you will
end up losing your equity. This article will look at why you will lose and a better short term method of trading...
So why is currency day trading doomed to failure?
The reason is obvious - all moves in daily time frames are of a totally random nature. You simply cannot judge what
millions of traders are going to do in minutes or hours, it's ridiculous.
You Can't Get the Odds in Your Favour!
There are no support or resistance levels that can be trusted, you can't get the odds in your favour and that means
a wipe out at some point.
There are however many vendors online who will tell you that you can win at day trading and they even present track
records to prove it - but these track records are never real , just a back test.
Simply check the small print and you will find the words "simulated in hindsight" somewhere and that means - they
have made no money for real and if you think a simulation, will give the same results in real time think again - it
won't.
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