The Forex market is a great way to make money, but when your money is on the line then it is vital to be as informed as possible to minimize any risks.
It is absolutely possible to win more than you lose. Other than doing your homework, having patience and meticulously watching the markets you can also enter into a futures contract.
What will the future hold?
When the Forex exchanges are good and profits are running high it is a natural for a newbie to the market to keep riding when they should lock. Many traders on the markets have the tendency to forget that things can change quickly.
This can leads to a trader riding the market overnight only to wake up to losses in the morning. When you lock your trade at a good price you ensure that you come out a winner should the prices drop. You would enter a trade and wait for the prices to reach a nice profit level.
Once you are sure you are happy with the current price you enter into a futures contract and lock at the current price. This means that if the prices go up some more you lose out a bit but you are also safe guarded if they suddenly crash overnight. Knowing when to lock or when to continue riding the trade can only be gained through experience in Forex trading and doing your homework about your particular trade very well.