Quote from: AnOn.edu on August 23, 2012, 12:52 amThere is an old (semi-true) joke among traders. The IQ of your average Forex trader is about 130. The IQ of your average bond trader is about 100. The IQ of your average equities trader is, on a good day, 60. If you're going to be playing in currencies, bitcoin/USD.EUR/ETC, you better realize your swimming in deep waters.Currency traders, those who aren't getting paid to obtain blocks of currency for some government/corporation etc, are some of the dumbest smart people I know.In fact, it's worse for currency traders than it is for equities traders, they blow up their accounts on a regular basis since they are in a zero sum game at best and must rely heavily on borrowing to obtain leverage.Coming up with sophisticated equations and graphs, don't trump what the basic arithmetic of markets is. But people who become traders in general aren't going to let an awkward fact get in the way. Much like our present day Marxists, they have very complex ideas which don't quite interface with reality, but for which they have every explanation. Warren Buffet used to dabble in this business himself, but gave it up when he realized that his explanation essentially was able to fit two exactly opposite outcomes. Then he realized this was essentially numerology, a pseudo-scientific activity.Somebody with complex ideas... doesn't follow that they are actually a smart person. I could memorize random prime numbers 100+ digits in length for a couple of years, and although that would make for an amazing memory for prime numbers, it'd also be pretty darn dumb.The only way to *consistently* make money on a currency market is to commit some kind of crime or fraud. The rest is luck.On the other hand... getting people to pay you for this... is pretty darn smart...