Why Isn’t Forex Trading Taught in School?
There are three types of education today. The first is academic education, the second is professional education and the third is financial education.
Back in the industrial age circa 1930s, major industries needed more workers than entrepreneurs, therefore the richest industrialist took over the education ministry and decided to churn out more employees who only know how to look for a job and not get into entrepreneurship. Financial education was taken out of the normal syllabus.
Employees didn’t have to learn how to trade stocks or currencies because they were well paid and companies could take care of them for the rest of their lives. So it wasn’t important for schools to teach students how to trade forex because the current syllabus is enough for one to get a job.
As the information age came along after world war 2, more and more industries got into competition and to make things worst, huge companies got into debt due to bad spending and needed big bailouts from the country. Once debt is too much to be taken care by the government, companies had to lay off their employees to cut down on payroll. Once the country is hit with depression, employees who are retrenched will find it very difficult to look for another job as there are no extra jobs available in a bad economy. Employees with professional education like accountants and doctors can still form their own consultancy to get by. Only skilled workers can trade their skills for money. Normal office workers with no skills would just have to stay jobless til the economy comes back in a few years.
Once a country is hit by bad economy, only the ones with strong financial education will survive and escape poverty. A good example of strong financial education is having the ability to scalp the forex market for extra income. To get educated in forex trading, one has to invest time and money to learn from financial experts.