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Investors Have Failed to Time Currencies With Hedged ETFs

Daniel Sotiroff (daniel.sotiroff@morningstar.com)

Edwin Lefevre's classic tome, "Reminiscences of a Stock Operator," chronicles the career of Jesse Livermore, an infamous trader from the early 20th century. The book is often cited by traders and investors alike for the many lessons gleaned from Livermore's stock market trials--a mixed series of successes and failures. Livermore apparently never took his own advice.