Years ago, I tried my hand at forex trading. It can be alluring since, with 100x leverage, one can accrue amazing profits very quickly. Of course, what typically happens – and what happened with me – is that one can also blow one’s entire account up very quickly too. The combination of quick swings and lots of leverage can be lethal.
Looking at today’s EUR/USD action – – even just for the past few hours – – reminds me how little I miss FX trading and how I will never, ever return to it.