With forex you can make money online and you can also lose money very fast. I once read most forex trader (maybe 80-90%) loss their money. So if you want to enter the forex game, then you need to do it the right way:

• You should start forex trading with a demo account, try to learn the market with it. It’s better to lose money with a demo account that losing real money.
• Learn charting. You need to learn how to use chart and indicators. The chart will give you signal  when to enter the market and when to close your position. This is called technical analysis. Technical analysis is done by looking at previous price data. This strategy look at past chart of price and indicators to make future price prediction. You can learn more about charts at StockCharts.com
• Make your own trading plan. Your trading plan should tell you when to enter market, and close position. You should also know your trading lot size, stop loss, and take profit price. Make this plan very clear, otherwise you will have trouble discipline your self on your trading. Get your trading plan by reading post at forums, reading forex books, and analysis on your demo account.
• Learn money management. Money management is very important so you don’t lose money stupidly. Always risk a small percentage of your money, below 5%. If you have $100 and you lose 50%, then you will only have $50 and you need to have 100% return to get your money back to $100. See that you lose only 50% but need to get 100% to get your money back.
• Be disipline. Once you have your trading plan, then you need to follow your plan. Your trading plan must be clear so it is easier to be disipline. Always follow your plan. Every day before entering the market, read your trading plan. This will help you to get disipline.