Is it me or is there any real skill in the speculation of forex markets. Unlike shares which can be evaluated, how do you value a curency. I have made several forays into the spot cable to my cost. As I see it you need a crystal ball to know which way the price is heading I dont see how reading books could help predict things like the Dollar rally on Fri 20 feb for instance when I kept going long on the $/£. The herd mentality seems to be the only real guide, but if like me youre a contrarian type investor this can be very costly. 4 times on Friday I bought at what thought would be the turning point only to be wiped out each time. Help I think I need therapy. Any advice grapefully received.