Not necessarily. Say your holding currency is the USD and the USD went down .5% that day, yet you made 1% in your holding capital, you made money without trading currency pairs. I understand what you say about the holding currency depreciation, but you can beat it without actually trading currency pairs, you just have to beat inflation and depreciation.
ha ha, bloomberg or cnbc bracket traders they are on there all the time their job is to sell fx you will never see a track record from these fools
ok, I'm bored with it there is no cure for stupidity it's just the way god made things I guess for human survival to continue 95% must be incredibly gullible
If you don't believe it, go ahead try it. You open up a forex account, trade it, then report back with your results.
Getting back to the question, I trade full-time for 2 years now.. study for 5 years average week for me for this year.. bucketshop metatrader 4 broker, using price action chart trading.
up something like 68% as of Dec31 2012 down something like 35 to 38 % 2013 usually on no more than 50% margin and no, I don't believe you just another goddamned liar shooting his mouth off on the internet trying to pretend he knows something go crawl back in your hole because everytime you take your head out of your ass it starts stinking up the joint otherwise, I will be anxiously awaiting your research results on retail traders
There is a distinction between hedging FX exposure and using FX as an asset class. Your contention is that managers who don't trade FX don't know what money is, but the guy trading in his living room does? IMO, equities are far more exploitable that FX (breadth statistics) and far less crowded. That also goes for any curve trade (oil, FI). I personally wouldn't allocate to an FX manager.