You absolutely do not need to be a genius to trade well.
If you want to earn a passive income through forex trading, please work hard and do not be dishearten.
Back in 1998, Long-Term Capital Management (LTCM) ,which was
managed by professors, PHDs, finance veterans and
Nobel Prize winners, crashed.
The fall of LTCM was swift and sudden, and the company lost billions in a short span of time.
Hence, there is no evidence that smarter people are able to trade better.
In another case, Richard Dennis and his friend had debated on the idea if trading can be taught.
In order to test out the idea, they conducted a turtle experiment whereby
they interviewed, hired people with no prior experience in trading, taught them how to trade
and gave them capital to trade. At the end of the experiment, it was concluded that trading can
be taught and some of the turtles eventually started their own fund management companies.
Anybody can learn forex trading. In fact, in Japan, many housewives are doing exactly that.