that is true but I think that practical experience is more important with forex. Learn the basics then sit at the charts every day following markets, observing and that will teach you how it really works
Knowledge is of utmost importance for a trader to make their results better but it is not the only thing, unfortunately. A trader should also be disciplined in order to implement the knowledge on practice. I mean that more often than not traders know that in some certain situation they need to wait and avoid trading, but their emotions are so strong that they open the deals because of the greed and usually lose the money. So, knowledge and implementation of the knowledge are two key things which you need to make your tradingprofitable.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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