Slightly off the track... IMHO, It could also be debated by some that there is more Money to be made by selling services and products (such as books, seminars, systems, signals, acting as an IB/Introducer/referer etc) to Spot Foreign Exchange traders rather than being actually involved with trading the Forex markets yourself.

I will agree that money can be made, but with my honest asessment todate, it could be debated that this game is a high risk, high volitility but only mediocre reward financial vehicle and as such, I will confess that I am thinking seriously whether or not Forex trading is an investment vehicle worth including in my overall investment portfolio holistically speaking.

Presently with my analysis to-date the expected return I could hope to achieve was only around 4-15% P.A using a diversified suite of trading systems. It appears if you want anything more than mediocre gains, it is looking more and more likely that one has to have an edge, (essentially the experience) which can only be gained after many years, and I emphasize many years of trading experience I believe. Infact, it looks like you may as well just throw the money in to a diversified set of proven hedgefunds and let them do all the dirty work on your behalf while the free time which would have been spent sitting in front of a computer staring at charts, could then be used to leaverage other endeavours.

Yes, I believe a raw newbie today can become a great trader if they put their time and effort into honing their trading and mindset to be able to make instuitive and empirical decisions that give them the edge in the market, over us the masses and raw newbie trader types (with only 0-5 years of experience), but I personally believe that it is looking more and more likely that I will be able to gain financially through other opportunities in less time (but not necessarily less effort I will concede)

Edit: Typos.