Initially, Forex should be seen as supplementary income. You are not the only one who may really need or desire an additional flow of money. If you have been thinking that forex may be the way to supplement your income, here are some things you should know first.

Learn about one particular currency pair to start with and expand your horizons from there. You must avoid attempting to spread you learning experience across all the different pairings involved, but rather focus on understanding one specific pairing until it is mastered. Choose your pair and read everything you can about them. Make sure you comprehend their volatility, as opposed to forecasting. Follow the news about the countries that use these currencies.

Do not choose to put yourself in a position just because someone else is there. Foreign exchange traders are human; they do not talk about their failures, but talk about …