Forex is a risky business. Despite being a risky business, many people trade in this market place because they know how to manage the risk and make a profit from the market by trading. If you do not follow the risk-reward, then Forex is a risk for you. If trading was not an easy thing, everyone would be trading. If you don't know how to manage risk in trading, you won't be able to make a profit. You need to manage 1: 2 risk rewards all the time and if you don't, trading is a risky business for you.
"No Risk No Gain, High-Risk High Profit" Business means risk Forex trading is a risky business but if you want to business you have to take risks. if anyone wants forex trade they know how to gain profit from the market by trading. If they want to trade then they research about trading strategy then they are successful.
I agree with those who say crypto can be riskier, although it also depends on what kind of crypto you dabble in. DeFi tokens are all the hype these days and it is hard to tell which projects are here to stay.
There are numerous risks you must keep in mind when actively trading the foreign exchange market. Forex market is a decentralized one and can take a turn anytime. It allows traders to borrow a virtual credit in the form of leverage, which can lead to huge profits and even big losses if there’s lack of a proper strategy and discipline. The better you understand these risks, and how they can be monitored and contained, the more prepared you can be as a Forex trader.
I also thought it would be much easier at first and thought about giving up at several different points. Love hearing success stories but I hate how common it is for beginners to blow their accounts and give up.
The Forex market is undoubtedly the most riskiest market. Forex trading is considered the 2nd most riskiest job in the world after coal mining. We do not try to realize this when we start trading. This hurts us. Let us not get carried away but take it as a serious business. If we can deal with it accordingly, yes, it can be extremely rewarding.