Fundamental, technical, or both?

Definition of forex has been described in What is Forex?. When someone exchanges his money to another curency, actually he is doing the foreign currency exchange. Foreign exchange can be done by give the money in physical or not. Trade by submission of physical may happen when you buy or sell foreign currency through the services of a money changer. For example, when you buy US Dollar from money changer, you will receive the physical form of the money, which you can use to buy stuffs, pay a service, or you may keep it to resell.
This time, when movement of informations become faster, the foreign trading currency is not limited to the exchange of money in physical form. Many exchange currency transactions have been converted into digital form. The goal is doing deal in the right time at the right price, beside that the currency will not effected by rebates which cause of some physical damages. When you buy or sell a currency, you will not get it in the physical form, but you will get a confirmation of the last transaction.
To survive in forex is not too easy but also not too hard. Many books, ebooks, articles, and videos discusses about how to play and survive in forex. Almost all of them give you various techniques of technical analyst. Some of them were creating trading robot softwares and indicators to help you create decision. They are believe that technical analyst is easier to read than fundamental analyst. Technical analysts believe that prices always move uniformly follow a certain pattern. Their purposes to learn the patterns are to found the price trend as fast as possible, to estimate the possibility time and range of the trend, and to choose the benefit time to entry and exit the market. For fundamental analysts, they analyzed based on news about the condition and situation of economic, political, and security of countries globally. Especially for major currencies such as United States, United Kingdom, Europe, Japan, dan Swiss. 

Smart trader, poor gambler

On Monday night, in Flora Garden, there are two skinny guy sitting opposite. One man wear a blue shirt and black hat, and another in black with a blue hat. The blue one called Haha, and the black one called Walley.  Haha is reading Weekly News while smoking. Walley is watching Haha's behaviour. He always chuckles more than six time in a minute.
"What's wrong, buddy?" Haha asked.
"I don't know," Walley is trying to sip a cup of hot coffee in front of him. "How about you? You sound like a lizard. Tsk-tsk-tsk, tsk-tsk-tsk, and tsk-tsk-tsk."
He puts his cigarrete and drives out the smoke, "look at this news. Someone had just lost his money and becomes crazy after invest in forex. What a poor man..." Haha waves his hand then smiles, "every body knows, forex is only a game that created by goverment to steal our money. But they always deny, speculate, and give many reasons." He shakes his head and sigh.
"It seems that you had have a bad experience with forex, don't you?"
"Not really. In about two years ago, my business partner has tried to join the game and started to invest. He bought a lot of books and e-books about forex, plus the trading softwares," Haha smokes his cigarette until his mouth full and the smoke starts to fill his throat. "He learns every day, every night, every time he can. He asked his sons and wife to join with him. He promoted forex to every people he meets, included me." Haha answers. "He said that money will come easily, if you can read forex face," He fixes his seat and continue the story, "he said that to become the king of forex, you have to learn and control your emotions."
Walley smiles and roles his eyes, "we are a human, right? There is no single man which doesn't has emotions, even modern robots are created to have emotions, at least one. That is really not make sense."
"Yeah, you are right."
"Indeed! What a bad rule. That's why forex users never run out even though the ​​success stories less than the failure." Walley saw Haha's cigarette out. Then, he offers his cigarettes to Haha. "So, what happens next? Did he failed? Did he bankrupted, has a lot of debt, and leave the forex?"

What is Forex?

Forex (Foreign Exchange) is the new trading system alternative in terms of the total cash value traded, and any person, firm or country may participate in this market. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.
Every activity in forex is complex, risk, and unpredictable. So, it means forex is only fit to a man with the high business skill. Forex trading and investment inderivatives can be very speculative and may result in loses as well as profits. You should carefully your financial situation and consult your financial advisor as to the suitability to your situation prior to making any investment or entering into any transactions. You should be aware of all the risk associated with foreign exchange trading, and seek advice from an independent financial advisor if your have any doubts.
In other words, forex is not suitable for all investors. Most importantly do not invest money that you cannot afford to lose. If you fail to meet any margin requirement, your position may be liquidate and you will responsible for any resulting losses. To manage exprosure, employ risk-reducing strategies such as "stop loss" or "limit orders".