Does forex trading really work?
I see people on instagram bragging about howis turning their lives around basically acting as finance gurus teaching you how you should live your life.
Most of them don't have an economic or quantitative background (not that is strictly necessary) and can't even understand what trading actually is. I don't have much knowledge about the topic but I guess they use what people refer to as technical analysis and that's it.
Is there an expert that can articulate in detail why what these people do doesn't work, that is not so simple to do trading and that to actually do trading you should have some knowledge about markets and the main drivers?
Or maybe I am completely wrong and would appreciate a different opinion on this.