Without a question, the forex market is high-risk. Whether you want to earn money by swing trading forex, day trading forex, or through long-term investments, the risk and possibility for earning money from forex are both significant.
The most crucial thing to determine for yourself is whether you have a risk appetite. You must be ready to lose money because not every trade will turn a profit. Are you prepared to persevere despite a string of failures? Even the most successful traders occasionally experience losses, therefore Forex is probably not for you if you don't think you can manage it.
If you do decide to trade forex, you should give risk management some thought when developing your plan. By doing so, the risk are reduced.