If you think you are can ‘beat’ these participants go for it. Most lose their shirt very quickly.

Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "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 for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to 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 constantly taking a small percentage from the pot.

Read the warnings in the links below:

I’ll say that last line one more time: those who have both a good strategy, AND the patience to trade small, always win. Always.

But you can spend the rest of your life, literally, trying to find that elusive "good strategy". Some people will even so far as to tell you that a good strategy doesn’t exist. And that just isn’t true, and the proof of it is: there are some people who make a living trading the Forex, and so, how do they do it? They have a good strategy.

Most of those people who who make a living have super high IQs. They are GENIUSES. Ever heard of the little kid who could speak at a few months old, read and write before the age of 1, and was hired by NASA before the age of 10 to help them with their hard math problems? Yeah, some people are just really smart. Those are some of the people who are winning with the Forex. It takes that kind of brains.

But some people decided to get together and come up with a way to talk some of these smart people into sharing their strategies. The Forex is so big, that even if you shared your strategy with thousands of people, it still wouldn’t matter, nor would you are the thousands you shared it with be able to move the market any direction at all. So what’s the harm in sharing?

Yet still most people don’t share their strategies… that is, unless, you pay them to. Well, a website put together a way to pay them, not for their whole strategy and logic and indicators, but rather just for their buy and sell signals. They developed a way to connect directly to their broker account, to "read" from their broker account when they buy and when they sell. They then track their actual trades in real time, and report on their success rate. Then people like me and you can check them out to see their actual success rate (NOT backtest results - but real trades made in real time) to see if we like what we see. And if so, we also can plug our actual broker accounts into that website (it requires you to send a form to your broker, granting them direct access to your trading account) and they will make your account FOLLOW that signal provider… aka copy their trades.

It may sound dangerous to follow someone you don’t know. But, to make it safer, you can follow several at once. That way if one of them, for whatever reason, does badly… the others will probably make up the difference. Thus, you acquire some additional safety by following several instead of putting all your money on just one (that would indeed be dangerous).

Anyway, you can find all these strategies at: http://comefollowme.zulutrade.com/Performance.aspx

Most brokers are compatible with it. For example, FXCM and FXDD and quite a few others all have direct support. To prove it, here is the website on FXCM.com which shows you that FXCM supports it… http://www.fxcm.co.uk/zulutrade-lod-form.jsp (that’s for FXCM uk, just so you know)

Anyway so if FXCM supports it, and they are the biggest Forex broker in the world (I think), then it must not be a scam. And besides that, I use it (successfully) and have made pips, and I affirm that it’s not a scam. For anyone who is looking at getting into the Forex, I think it’ll set you a long ways ahead in terms of getting a strategy. It would basically save you years of study most likely. And many times you can actually learn how their strategies work, by watching them, and some even tell you how they do it. So defiantly go there and learn. Bookmark it in your browser.

And then don’t forget step #2… trade lightly. Don’t blow your account in just 3 to 5 trades. Please, don’t do that!

You can try Demo mode on eToro..

Click and see the intro video.. You might consider to try..
http://dogetnow.wordpress.com/2011/05/15/forex-trading-etoro/