Can individual investors become currency traders? The answer is yes. Anyone who is serious, rigorous and realistic enough can learn everything there is to know about currency trading.
The power of vanilla options lies in their versatility. They allow a trader to adapt or adjust his positions in the financial markets according to the current situation.
Before diving into the financial markets, you absolutely must have a minimum of knowledge. Trading is not innate - in fact, it's actually a counter-intuitive activity that is psychologically taxing.
The forex market is the largest and most liquid financial market in the world. Since the gold standard was abandoned in 1971, exchange rates started floating and currency trading has therefore become possible.
Trading requires that you keep a cool head. The best traders succeed because they are able to control their emotions and because they think before they act. Greed, impatience and the lack of emotional control will inevitably lead a trader to lose.