Answer
For Forex i wouldn't be too concerned with fundamentals since they're too volatile to be reliable. Factors influencing the exchange rate and how they inter react are too complex even for brokers and bankers. Just when you think you figured out fundamental indicators the rules change. What i would consider "workable" is the cost of money, in other words interest rates.

The solution is technical analysis and the ultimate indicator is price itself. The logic is simple, 1) you have to find the direction: is price range bound or trending? Even a child can see that. 2) where does price bounce off? From resistance and support lines provided by moving averages, pivot points, fibonacci, boll. bands. You do have to know how to use these, some are made for trending markets and others for rangebound markets. 3) where to enter or find a reversal? Reversal or entry signals are derived from candlepatterns and the more popular oscillators such as stochastics, but like with all other indicators you use the ones that work for you, the ones you feel comfortable with....

You only need two or three signals, use more and you end up being confused. So the rules are find the direction, find a support/resistance level and find the reversal/retracement. thats all there's to it. There is no indicator out there that will make you bundles of money each and every time so you need a money management plan in order for the winnings to outweigh the losses. A good and simple risk/reward ratio is 1:2, for example for every 15 pips loss you risk you try to gain 30 pips.

An example trade is when the exchange rate is trending up you might want to use 20, 50 and 200 EMA is a means of finding a support level, and a popular candle pattern as an entry.

This is the basic strategy, however don't stop yourself from developing and experimenting yourself with your own logic and personality. It doesn't mean because you're doing what others do that you'll be armed with the best trading system. There are many profitable strategies and its up to you to find one that suits you best.

the most popular indicators are: pivot points, fibonacci, MACD, stochastics, moving averages, RSI, boll.bands, candle patterns and ofcourse handdrawn support and resistance lines...

You also need to be aware that the larger the timeframe the more reliable signals are. The absolute minimum is a one hour chart. If daytrading with a 5 min or 15 min chart is your thing then be sure to watch a larger timeframe first....

successful trading often means leaving out what doesn't work....so its no use adding one indicator after another on the charts..

Technical analysis works because its extremely popular..

I want a method for scalping in forex trading?

I drew trend channel lines but Ican't foresee trend reversals

Answer
Rick over at http://www.forexnewstrader.com is a master scalper. He scalps 1 min and 5 min candles, news events and serveral other strategies. Check him out.

I have just opened my trading account and I am trying to decide on buying an autopilot forex trading software.

Answer
There's a new autopilot forex trading software going to be launched and promises to be really sensational. If you want to try autopilot forex trading, go for the latest. It is likely to be sold out very fast.

http://ForexLoophole.info

Question About Forex Autopilot?

I am new to Forex. I have little knowledge about Forex. I plan to trade using Forex auto pilot software. Is it applicable? Or I will still need to learn in depth of Forex?

Answer
There are only a few Forex auto pilot software systems that are not scams. However the good programs are only as good as the people running them. So... if you're not an experienced Forex trader with at least 5 years of successful trading behind you..... you will not be successful with them.

Think of it this way... if these programs really worked... your neighbors & co workers would all be using them.

which is best best site for forex trading?

Answer
Hi Kallumama,

When I first got started I learned the hard way and tried just about every Forex software, signal service, indicator, etc, and spent countless hours trying to study charts and read graphs. I almost gave up trying to trade the Forex market until I accidently came across the FreedomRocks strategy which has turned out to be one of the only true profitable systems Iâve ever used. http://www.yourforexinvestor.com Itâs very simple to understand, does 95% of the work, and takes me about 15-30 minutes to mange my account. I would be more than happy to share my experience with you so feel free to call or email me anytime. Also I too would suggest for informational purposes, http://www.babypips.com. If you would like I have compiled an excel spreadsheet of historical data on FreedomRocks for the 500 days prior to March 1, and I would be happy to share with you just e-mail me.

Best Regards,

Brandon Wells
Ph: 1-877-773-5345
http://www.yourforexinvestor.com

Does the FreedomRocks strategy really work for the Forex trade?

Answer
Iâve been using the FreedomRocks system and have came across a lot of posts on various forums and wanted to share my personal experience. First of all the system takes the guesswork and emotion out of trading on the Forex market. Itâs a proprietary system that does 95% of the work and takes a few minutes per day to manage.

As we all know even experienced Forex traders can make big mistakes and most people end up loosing all of the money that they invest within the first couple of months. Unlike most forex programs FreedomRocks is not attempting to guess which way the market is going to move because quite frankly no one can predict that and thatâs why the majority fail.

Let me emphasize that this is a long term investment strategy and not a get rich quick program. Itâs a very simple and easy system to understand and Iâve never seen any other program where someone with no prior trading experience could invest in the market and actually be profitable.

The FreedomRocks system represents a complete paradigm shift from traditional Forex investment practices:
- The automated system does the trading for you
-No charts, no graphs and no more Guesswork
-Spend only 20 minutes per week managing your account
-Structures your trading: Buy Low/ Sell High
- Allows you to collect daily interest on leveraged money
-100% control over your money

I believe that this is the best system for trading on the Forex but of course I donât expect anyone to take my word. I would encourage anyone looking for a smart way to trade in the market to take advantage of the 15-Day free trial so they can experience for themselves how it works.

For More information check out http://www.wiseforexinvestor.com

* Iâve also created a worksheet to assist people in setting up their account using the system so if anyone be interested I would be more than happy to share it.

Best Regards,

Rex White
503-922-1475
rexwhite@wiseforexinvestor.com

I want to put a small investment into the Iraqi Dinar and hold it for the long run. Would it be better to just purchase the cash or buy over a forex account. I no nothing about forex or its cons vs holding cash. I am aware of the risk of holding the Dinar and the banks not taking it. Any expert advise would be helpful.

Answer
mmmmmmmmm,

I would exchange it up while you can into $$

I think this wll remain the strongest currency for the future,

Find out more here:

http://forex-brotherhood-reviews.com/easyforex.html

what is the real difference between forex spot and forex future.?

besides that futures are centralized ecns at chicago and spot is none centralized.
and besides the time difference of operations.
please don't explain how its derived from the forward price etc..

Answer
There's just a difference in the premium, like in S&P futures vs index.

I've gotten better fills in the futures, especially when trading the reports, because futures are regulated by somebody and they can't rape you as easily, I suppose.

Liquidity is excellent in the futures, just can't get that insane 100:1 leverage.

In 6 months, how much can I win ?
Who is Midnight ?

And which nick belongs to someone ?
All nicks are free for using, they are not trademark....

Answer
Well....a couple of things you need to think about. "Earning big money very fast" is known by most people as gambling. If that is your objective with the Forex market I would strongly recommend that you look elsewhere. Like maybe....Las Vegas.

Now if you want to generate attractive returns on a consistent basis as part of a long term investment strategy....I can be of help.

First, I must caution you that any market that can generate high returns also involves high risk. You should never invest money that you cannot afford to lose in the Forex market. That being said there are conservative hedging strategies that can greatly reduce those risks.

If you were to earn 8% return per month, you would double your 5000Euros every 9 months. (9 mos - 10,000euros, 18 mos - 20,000euros, 36 months - 80,000euros). There are conservative Forex strategies with which you could consistently average over 8% per month. If you were to earn 12% per month you would double your money every 6 months (growing an initial 5000Euros to 320,000Euros in 36 months)

You have a much better chance of success by taking a conservative long term view than looking for an immediate big time win!

Laguerre and CCI indicator affectiveness?

I'd like to know how affective the Laguerre and CCI forex indicators are. Does anybody have experience using either of them? Does anybody know of any statistics such as either or both having an 80% (hypothetically) success rate? Thanks.

Answer
i tried the lag indicator at the recommendation ofsomeone and thought it was bleh. never used the other one. what seemes to make a good strategy is not which indicator you use, but mostly knowing the behavior of the market you are trading. for example, does a market stay flat more than it moves up / down? if it spends more pips flat, you better trade for reversals. but if it moves more than it stays flat, you better trade for breakouts or trends. and this is much more important to know and do, than what indicators you use in my opinion.

but if youd rather skip ahead and get a goods strategy , try http://comefollowme.zulutrade.com

Was it profitable?

Answer
Yes! Definitely!

If you go to any FOREX site, you would be able to see that most of these sites do offer FREE Technical Analysis Report, Daily Outlook or Trading Strategies. Use them! It works. You just need to ensure you follow this three conditions:

1-Open three different sites and look at the report. If 2 out of 3 or all 3 says Buy or Sell and having the same Enter and Exit targets, use it!

2-Wait for the price to reach or touch the Entry price mentioned in the report for that particular pair!

3-Ensure that the time the report was issued is synchronized with your local time!

You do need some basic understanding of some indicators though. If you can, trade with this FREE signals and why not open another account and trade without these signals! Diversify. You may also opt for automated software. However, this is not for newbies!

Happy posting and making money with the FREE signals! Yes!

Haneef Yusoff
www.forexreviewportal.com

What is the expectation of USD against GBP? Forex?

The price closed at 1.5346 do you expect it to get up or down next week?

Answer
1. An analysis of GBP/USD concludes:


---"I remain bearish on GBP/USD.

Despite some gains late last week, the UK economy continues to weigh on the pound. Construction and Services PMIs continue to point to contraction, although Services PMI posted a solid reading. The US had another disappointing week, which gave the pound some breathing room. If British Manufacturing Production does not meet market expectations, we could see the pound take a hit, as it did early last week following a disappointing Manufacturing PMI reading."----

http://www.forexcrunch.com/category/forex-weekly-outlook/gbp-usd-outlook/

2. 'Bearish' GBP/USD means 'bullish' for USD/GBP. That means there is expectation of USD appreciating against GBP.

.
.

.

Answer
Hi

All investment carries risk and forex is not an eception. But I thing forex is very exciting and very profitable business if you trade with strict money management ryles. And it would be if you chose right broker and will spend some time for self education.
I could introduce you to one of forex broker leaders that is located in SWITZERLAND.
They have very tight spreads. Total 25 currency pairs, Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 pips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

Good luck!

forex trade?

Is forex trade profitable? How does one get started and what is the best broker to use?

Answer
Hi,

Of course forex is profitable and it is very exciting business. You may trade 5,5 days per wheek; 24 hours a day from Sunday night to Friday night.
Main rules to win:
Always have trading plan,
Be patient - market always be there
Don't be greedy,
Don't set too big goals,
Never risk more than 1%-2% of your trading capital,
Always use reasonable stop loss orders.

And note markets are not places - markets are people.

If you are interesting I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 pips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

If you have any questions, please don't hesitate and contact me (press on my name).

Good luck!

I would like to trade currencies online using easy-forex.. but i really don't know much about it..
How much they charge for each trade?
How much fees i should pay every month minimum?
If i make some money from trading will it be transferred to my bank account immediately, or i should cancel my forex account to have my money back?

Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

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:
Source:
http://www.cftc.gov/opa/enf98/opaforexa1...
http://www.smartmoney.com/investing/stoc...
http://en.wikipedia.org/wiki/Forex_scams
http://www.cftc.gov/ConsumerProtection/F...
http://www.cftc.gov/ucm/groups/public/@c...
http://finance.yahoo.com/banking-budgeti...

Asker's rating & comment

What is the hidden game in Forex Trading?

Q. I feel there is a game in Forex trading but i'm not able to figure it out. I feel it's not transparent as all broker companies pretend, can any one advice me, is my feeling right or wrong?

--
FX Mania
http://www.geocities.jp/fxtrading777/

Answer
the Forex doesn't have a central organism where currencies are dealt. You have to think of it as the global exchange of currencies. If you go to a bank and buy US dollars with your local currency then you have participated in the forex, in other words you have participated in that global exchange. But the idea is much broader. Forex includes the exchange of goods and services, investment transactions, speculation and everything else involved with money, even when you purchase something in a mall for your own use. All this is hardly transparent which makes it difficult for the layman and not so layman. Thats the nature of the Forex but it doesn't mean you can't make consistent profits from this enormous market.

A complex system such as the worldwide exchange of currencies can be narrowed down to relatively simple concepts for you to use. However, exactly because of this reason and it's low transparency, many scam artists arose to sell supposedly "profitable" trading strategies.
Be careful.

btw, there's no game. Forex is just forex, it can't be manipulated like a stock for example. The currency market is too large to be manipulated with the idea of scamming people.

Answer
Forex trading is the buying and selling of currencies. Investopedia had a good definition (and video!) Here:

http://www.investopedia.com/terms/f/forex.asp#axzz25QAKIlz9

forex trading method????.?

i am a rookie.. i started to research this crap 3 days ago but in short
1:40 leverage
using the pivot system s1,s2,p,r1,r2 with the macd and EMA 9,18
my question is this

is my method of using a one hr and 5min chart sufficiant??

if so and you are familiar w/ what i am doing

could ya give me a few pointers???

i am going to start a real account with 200 cash i know it is not much but in my practice acount of 100k i am only wagering $200 dolla at any given moment so far by using $200 i gained 4 dolla in 3 days is that good??? who cares about dollers i know 4 dolla is crap but is the % decent???

thanks 4 any help

Answer
Save your $200 and trade the simulator for free, until you have enough data to see a trend. Three days is squat, meaningless.

You should trade the simulator for at least six months while you learn. Don't get in a hurry to lose money. When you begin to make "virtual" money, then you can open a live account and risk your own.

There are literally thousands of indicators. You have to decide what works for you, and it will take you years to try them all.

Try instead to decide your time frame, and your risk level, and learn good money management techniques, then maybe you'll stick around awhile.

Or just jump right in there and blow your $200, then come back here and blast us all for how risky Forex is and how it can't be done and what a SCAM it is.

Here's the Forex simulator game called PriceMotion
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

http://www.tradingeducation.com/forex_trading_primer.asp

There are also great resources for Forex at Investopedia.com
Here are some others

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com

If you do please post me a link...Thanks ::D

Answer
search for forex on google , tons of more stimulator links at http://www.onlineblogging4money.blogspot.com

Look under investing post.

forex trading method????.?

i am a rookie.. i started to research this crap 3 days ago but in short
1:40 leverage
using the pivot system s1,s2,p,r1,r2 with the macd and EMA 9,18
my question is this

is my method of using a one hr and 5min chart sufficiant??

if so and you are familiar w/ what i am doing

could ya give me a few pointers???

i am going to start a real account with 200 cash i know it is not much but in my practice acount of 100k i am only wagering $200 dolla at any given moment so far by using $200 i gained 4 dolla in 3 days is that good??? who cares about dollers i know 4 dolla is crap but is the % decent???

thanks 4 any help

Answer
Save your $200 and trade the simulator for free, until you have enough data to see a trend. Three days is squat, meaningless.

You should trade the simulator for at least six months while you learn. Don't get in a hurry to lose money. When you begin to make "virtual" money, then you can open a live account and risk your own.

There are literally thousands of indicators. You have to decide what works for you, and it will take you years to try them all.

Try instead to decide your time frame, and your risk level, and learn good money management techniques, then maybe you'll stick around awhile.

Or just jump right in there and blow your $200, then come back here and blast us all for how risky Forex is and how it can't be done and what a SCAM it is.

Here's the Forex simulator game called PriceMotion
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

http://www.tradingeducation.com/forex_trading_primer.asp

There are also great resources for Forex at Investopedia.com
Here are some others

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com

Im a beginner trader and I already know that forex is a zero sum game. Stealing money from other people using Forex is bad...

I want to know if stock, commodities and EFT is also zero sum.

Thank you!!!

Answer
Too bad that peaceandlove does not agree that forex is a zero sum game. Either he doesn't know what a zero sum game is or just can't understand it.

Anyway, a zero-sum game is a game in which for every dollar earned somebody else loses a dollar. Virtually all derivatives are zero sum because you gain $1 on a derivative only if your counterparty loses $1. That means forex and commodities are generally zero sum because they are usually traded based on some kind of derivative. Spot commodities are not zero sum because if you own gold and gold prices go up, you have earned money without taking it from anyone else.

Stocks are not zero sum because everyone owning the stock can make money at nobody's expense if the stock price goes up. ETF's are similar to stocks although some ETF's contain only derivatives so those would be zero-sum.

I do not agree that "stealing money from other people using forex is bad". If someone else loses in forex for you to gain they were either speculating in which losing is part of the process and must be accepted or hedging in which case they are paying for their risk reduction by losing money. There is nothing immoral IMHO about trading forex. It's really clear that forex markets in general serve a public good by facilitating international trade by allowing both buyers and sellers to hedge out currency risk. How can it be immoral to contribute to a process fairly that serves the public good?

About trading easy-forex?

I would like to trade currencies online using easy-forex.. but i really don't know much about it..
How much they charge for each trade?
How much fees i should pay every month minimum?
If i make some money from trading will it be transferred to my bank account immediately, or i should cancel my forex account to have my money back?

Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

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: