some truth in this article from Marcus Padley
You too can be a forex trader but be warned, it's a gamble
May 19, 2012
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SO THE $A goes through parity, in the other direction this time, and again every Tom, Dick and Harry is suddenly a currency expert.
The same thing happened when it first rose through parity in October 2010. It's as if the Aussie dollar hitting the big figure miraculously releases a foreign-exchange-predicting hormone that empowers everyone with the skill to predict the future.
Read more: http://www.smh.com.au/business/you-too-can-be-a-forex-trader-but-be-warned-its-a-gamble-20120518-1yw6p.html#ixzz1vOecXMUd
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