In reality ALL people do not lose money at Forex. I will however agree that MOST people lose money at Forex. I also have a feeling that MOST people lose money in options, futures and the stock market as well. Th real problems are human nature and human emeotions.

Without a specific trading plan and the discipline to stick to a plan you have no chance to succeed in Forex. Most people are controlled by fear and greed. How many times have you stayed in a trade too long because you were greedy and wanted more only to see the trade move further against you. How many times have you gotten out of a trade too soon because you were afraid that it woul move against you but as soon as you got out the market continued to generate profits that should have been yours.

So I guess to answer your question….yes there is a secret way to trade Forex. It is to have a solid trading plan, have the firm discipline to stick to the plan, always use a stop loss, always have a profit target, pay very close attention to your charts, keep fear and greed locked in a drawer somewhere………

Or setup a simple conservative hedge trade where you let the market do it’s thing. You don’t care because you can make money if the market goes up or down. You will get paid an interest payment everyday. And you only have to spend about 30 minutes a week to manage an account of any size.

I am simply amazed that more peolple do not use hedging strategies….the banks all do……and they are trading YOUR money!
References :
full time Forex investor and mentor

Does that mean that it’s impossible for the "average joe" to make money in Fx. No, it’s not impossible. However it’s extremely unlikely and when it does happen, it’s usually due to a stroke of good luck.
References :
I managed a group of professional traders prior to retirement. They traded in various financial instruments, including Fx.