Devoted to understanding the basics and fundamentals of investing

Chris wrote with reference to trading FX, "... investing in the stock market has similar if not greater risks."  This is a pretty bold statement.  Risk in the investing world has specific meaning.  Remember, risk is defined by variance, or the absolute volatility of an asset price.  I think if you run the numbers, that for most currency pairs (you always express the value of one currency in terms of another), that the volatility is greater than that found in the stock market.  Hence, the risk is lower in the stock market.  Also, the stock market has a positive sloped beta while FX has a flat beta which hovers around zero.  That means, if you buy a basket of stocks, you will expect positive returns over time.  If you buy a basket of currencies, you expect zero return over time.

Chris wrote further with reference to day trading with an FX system, "...a tested trading system will allow those traders to employ practices of stop-loss; risk reward; and portfolio risk per trade."  These strategies are not unique to the FX day trading market.  All of them are available in the stock market at lower risk levels.

One advantage the day traded FX market has over the day traded stock market is liquidity.  For major currency pairs, the FX markets are the most liquid in the world.  That is, the bid offered spread is smaller than in other markets.  However, retail FX participants do not enjoy this narrow spread.  They pay up significantly compared to institutional buyers.

So, I don't want to rain on anyone's parade.  But the FX market is more risky and on a risk adjusted basis, the returns available in the stock market dominate by far.