I am trading forex since 2004 and seen many ups and downs. Forex trading is like our life. We cannot expect any one to teach about life. We have to experience ourselves. The same way, we cannot expect some one to teach us forex trading. we have to learn ourselves out of experience. Each and every time we fail to make money, we have to analyze why it went wrong and correct ourselves. There is no proven theory to have win-win trading always. Of course there will be losses. But we have to make sure the losses are less than the profit we make. I advice all the newbies not to fall as a prey for any fraudster on net. I request you always to invest small money in live accounts and learn it yourself. please do not invest the money that you can afford to loose. always invest money in a mindset that you will loose the money. only then your emotions will not dominate you. practice for a long term and check if you can make consistent profit for more than a year. then start investing big money into it. I started to trade from 2004 and i was not successful until 2007. Then i realized where i went wrong and corrected all my mistakes. Now i am consistent in profit since 2007. But the only problem is brokers. We cannot rely on any broker on a longer run. When i am consistent on profit, the brokers change their settings and send re-quotes. I am looking for a good broker to trade with. In the past 6 years, i have changed more than 40 brokers. Finally i switced over to a new broker and running my system. let me check how it goes..