How long will it take me to learn how to trade?
How long will it take me to learn how to trade? Here we see Soros' strong appreciation of risk/reward - one of the facets that helped carve his reputation as arguably, the best Forex trader in the world. Rather than subscribing to the traditional economic theory that prices will eventually move to a theoretical equilibrium, Soros deemed the theory of reflexivity to be more helpful in judging the financial markets. All trades take place electronically and trading can be done 24 hours a day, 7 days a week. Note that those numbers were cited just two months before an unexpected seismic shock in the currency markets highlighted the risks of forex trading by retail investors. On January 15, 2015, the Swiss National Bank abandoned the Swiss franc's cap of 1.20 against the euro that it had in place for three years. As a result, the Swiss franc soared as much as 41% against the euro and 38% versus the U.S. dollar on that day. My point here is that you should only consider trading Forex...