what is the best place to learn about forex?
Hello. I am a new student in economics and I have learned about forex foreign currency exchange, recently. It looks quite interesting and lucrative for me, and I want to learn more about it via unexpensive methods, since I am in college and not have too much money to risk Can you recommend me a good book, website or forum on forex? Thanks Jack
Playing Forex may seem alluring, but most people who try it will lose money. Everything you need to do is to do a web search on the words "forex" or "loser" to see the consensus. Forex is what we call a "zero sum" game. You makes a bet with one another on whether a currency will rise or fall. For every winner there must be a loser. If you are smarter than the average player, you can make money. If you're stupider than the average player, you risk losing money. Most of the people that make the "game" in Forex are highly trained professionals in banks and other institutions. You are unlikely to beat them in this game. In fact Forex is not quite a zero sum game. It's a little negative sum game as forex broker takes a small percentage each transmission in dispersion. It is a small amount, but over a hundred subjects, it ends up being a significant sum of money. So the average player is probably losing money, and remember the average player is a highly trained professional and probably smarter than you. There are a lot of luck in the forex and if you play it, you will have some periods where you can earn money. This is usually because you have a lucky streak, not because you suddenly become an expert Forex player. But most people are willing to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money to try to improve it. Further complicating the problem is the large number of Forex scams on the Internet. Most forex sites are of dubious honesty. You will find many people on the Internet claiming that they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forex Crap, com/q2347." The "q2347" is a signal to the Forex Crap site you are about to be referred to them in "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog to try to get money from you. Also there is a good part of trolls out there who like pretend they are successful forex traders just for the fun of it. I would recommend not trying to do forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house all the time to take a small percentage from the pot.
Books to learn the Forex
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