I'm just going to leave this here.<p>I worked at a FX broker as a software engineer. When nerds first read about this stuff we all have the same knee-jerk reaction: "I write code. I'm smart. I could build a robot trader and make a Walter White pile of cash."<p>In short, I would recommend you stay the hell away from FX. It's bullshit. It's not like the any type of trading (algorithmic, quantative, manual, good luck charm) you see in stockes. I do thank the blog author for mentioning that his system never seemed to work long term. That's the key element most people can't accept.<p>Here are a few notes from my time in FX:<p>FX is traded on margin, and it's easy to lose all your money. Nearly every single person will lose all their money in FX, and those who claim success are riding a temporary wave. Even "experts" in the field can't hold big gains much more than a few weeks or months at best.<p>A few years back our company bought a trading system we'd been marketing like crazy and had customers buy into. Senior management decided to invest a 6-figure sum in this system with the intent of using the profits for employee bonuses. The day it crashed, not only did we have angry customers but our employees were pretty depressed.<p>FX trading systems are hype. Always. You'll hear the term "holy grail" in reference to trading strategies. That should be enough to keep you away. The real money is made by selling systems to idiots and writing books about it. As a matter of fact, you'll notice a lot of forums and blogs have referral links to brokers ;).<p>A common sentiment I heard tossed around traders and employees goes something like, "rather than trade FX, just go to Vegas and play roulette. At least you get free beers."<p>The technology is god-awful. You'd be blown away if you saw how shit-tacular the backend is that handles your money. I thought it was just the place I worked, but nope.<p>The company I worked for is very open and compliant, which I found admirable. This has continued to be their focus, so that's cool. Many brokers are corrupt, particularly if they're not in the US. Brokers have been caught increasing margins against traders, stop-gapping trades and worse. In the US the NFA is insane so they do a decent job of regulating, but it seems every year or so they nab a broker on something. Most NFA fines range in the millions so we took this seriously.<p>I have more war stories, but that's enough. Best advice: do not trade FX. I realize that may rile some of you, so be it. I wouldn't put my money near that shit.