With this new found understanding I hit the books. I studied the basics of currencies all over again. I went to libraries, I talked to mathematicians, I even bought other e-books about FOREX trading. All of these sources provided hypothetical models of how currencies should move, however, none of them provided the hard and fast answer that I wanted.
The worst part was all the rest of the e-books. They sold absolute rubbish! Almost all of the "GURU's" were not even traders. They would even go so far as to say how much you could gain if you leverage this and you leverage that. I think that is purely irresponsible of them to sell the idea of leveraging to novice traders. The ONLY way these people make any money is by selling their overpriced e-books and CD's full of basic FOREX trading tips that you can learn from any trading book off the shelf. That's it. These people are CORPORATIONS. They are not there to help you. All they want to do in the end of the day is to make a sale; they have no "secrets" to offer or anything that is even worth a penny.
I don't know about you but buying e-books from irresponsible non-traders that have not spent a single minute of their lives trading does not sit easy with me. Honestly, do you think they will tell you anything useful? Don't buy into these SCAMS. You Have Been Warned!
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