Forex Trading, as with any other form of investing, you must be knowledgeable of what you are trading before you can expect to turn a profit and not trade yourself into a financial hole. Forex trading looks simple but few succeed. A lot of the so called investment wisdom doesn't work and is given by people who have never traded in their lives. You must always remind yourself that forex trading is so high profitable and riskful that you must do it carefully.Remember it is margin trading and expanded more than 100 times as your normal investment. You need to ask yourself how much you can afford to lose. Be extremely honest with yourself about this, in fact, be more than honest so that you are sure to not overextend your budget and cost yourself the family home.