No it's not cheating.. But it's very unpredictable. You can study forex many years, you make analyses daily and guess what you first make a nice money from some positive trades and then you can make mistake with only one and you burn your money fast... For forex you need to have patience, your own money strategy, where you set how much are you prepared to loose and also in other way how much you can earn with each trade.. In short words you need to have at least 1:2 ratio... That means reward off each trade is 2x more that you can loose on each trade.