I keep running across articles like this: Having been a forex trader for 25 years it amuses me when I see writers defend day trading. They say it really can make money! - Of course they have no track record to back it up just empty words. Fact is you are guaranteed to lose in day trading for one simple reason: All Movements in Short Time Frames Are Random Trillions of dollars trade hands each day and million of traderâs trade, all with different objectives and opinions and to say that you can predict what they do in a few hours or a day, is ridiculous. You canât. Volatility takes prices anywhere in a day and support and resistance levels are meaningless, so you would have the same success rate flipping a coin. Itâs absolutely impossible to get the odds on your side â PERIOD This is of course why you NEVER see any of the vendors selling these systems give you a real time track record â Why? Because they donât dare trade it! They would rather write some enticing copy and appeal to the greed and naivety of traders and make their money selling you the system â they win you lose â period. But I have seen a track record you may say and yes will have, but itâs NOT real. If you check the disclaimer on it you will see there all hypothetical! What does that mean? It means done in hindsight knowing the closing prices! Now who canât do that itâs not exactly hard. If we all knew tomorrows price today we would all be millionaires but we donât â and neither do we know what will happen tomorrow, so there not worth the paper their written on. Day trading is a good story but the logic doesnât add up and the biggest lie about day trading is you can make money at it longer term. If you could you would see a track record or the vendor would shut up and trade it himself and not need your few hundred dollars. If you want to win Appreciate that trading is an odds game and to trade the odds you need to trade over longer periods, where the data is valid and you can have a chance of getting the odds on your side. Finally Donât day trade, get real and trade with the odds on your side. Article Source: http://EzineArticles.com/?expert=Kelly_Price I am exploring currency trading and after watching for a couple of weeks it does appear to me that currency fluctuations are more random than stocks and indexes. The books I have read are almost unanimous in saying that you must trade longer term to be successful in the currencies. Does anyone have links to traders who are daytrading currencies profitably?