Do you have the heart for foreign exchange trading?
When he isn’t working as a Sacramento-area chiropractor, Neil Kalia likes to watch the currencies of other countries closely. Very closely. Kalia, 34, estimates that he spends between 40 and 50 hours a week boning up on how the Euro, Australian dollar and British pound stack up against the U.S. dollar. When he trades, it’s usually quick: “anywhere between 24 hours to two weeks, I get out.” Statistics confirm tremendous growth in foreign exchange trading by individuals such as Kalia in the past decade. According to the Bank of International Settlements (BIS), daily volume of foreign exchange trading has ... (full story)