I am a complete noob to Forex but not to trading stocks. I've flipped through a couple books on Forex at the store but they all sucked. They were all about chart patterns and whatever and not actually about how Forex works. I want some info about how Forex works. Is the trading just like with stocks? Is there really no commission? How do taxes on Forex work when tax time comes? What exactly is a "pip?" I hear Forex brokerages give you 100:1 leverage... how do people not completely screw themselves after 5 minutes with such huge leverage? I've heard that the Forex market is open 24 hours a day, which sounds cool, because basically I would like to be able to come home from work and trade a bit in the evening and maybe make $20-30 a day or something just to start out, which I think will be nice with no commissions. But, nearly everything I've heard about Forex falls under one of these categories: - It's impossible to make money in Forex - All Forex brokers are scams - Forex brokers take positions against you. - Forex brokers screw you in some other way (spread, whatever) And nearly all the Forex sites I've looked at look way too shady for me to actually want to open an account with them. So does anyone have any recommendations for where I can learn about how Forex works? Or open a practice account where I can trade in real time WITHOUT actually depositing money? edit - oh, and are chart patterns and TA the same in Forex as they are with stocks? ie. if you can trade stocks, can you trade Forex? And anything else a Forex noob needs to know. Thanks.