why forex is so risky?

Greetings, trading enthusiast here.

Lets say that I'm a complete newbie but I've finally managed to get my life together and due to me having more of the free time now, I'd like to finally hop to trading. Of course, I do realize that it is a long journey and a positive progress when it comes to income could potentially take up to a few years, understandable.

What I'd like to hear from somebody who knows how to answer my question is the following;

Judging by where the world is at right now and that we have a crypto-trading category right beside us, would it be a good idea to still instead of becoming a crypto-trader to try and get good at forex? I mean, people say that crypto is the future of money, the so-called "cashless society". Basically, isn't it too late to hop in the forex train? And if you were new to trading but felt some type of passion about the whole concept, would you still go for forex in 2020 or rather for crypto-trading?

Regards,
RSO.

Forex is risky because it is the most volatile market.

every element in Forex trading contains huge risk, no way to avoid , from all leverage is most , so when using leverage above all in a real account traders should make sure a most powerful analyzing money management, otherwise the result from trading could be dangerous.

Forex is very risky but to make this risk easy you need to acquire proper knowledge. If a trader does not have proper education about Forex, it is not possible to get good rewards from that trading. If you do not manage money management and risk rewards and trade, your investment may be at risk. For this, you have to maintain discipline and trade.

New traders are their own worst enemies.

trading is risky and more risky is news trading , need a powerful fundamental knowledge which is the main element to bring good result during news.

Yeah due to high leverage forex trading is very risky. It also becomes risky as most people make it gambling. They do unrealistic expectation. And to achieve that they take huge risk. Basically they are doing a risky business by taking more risky actions.

Yes, you are right. I agree with you.

you got the nice point which is unrealistic trading target , i always see when making a plan traders become emotional and greedy , they forget everything and do very immature trading plan , as a result when market moves at random , they almost lost their whole equity.

It is not that the forex trading is so risky, it is just that every business that you entertain is always risky, no matter how circumstance the outcome may be. Just like forex and business, when you are learning and gaining the knowledge, the risk level goes down.

c

If you think that the market is risky, take a low risk. If you think it is not, take a high risk expecting a higher reward, either way, the choice is yours and so is the responsibility that comes with it.

Be careful out there:

Forex trading Scams Mentioned in the 'Times' on Saturday.
https://www.thetimes.co.uk/past-six-...scam-tjw0xrldb

AND

https://www.chroniclelive.co.uk/news...users-18756421

risk is everywhere , just you have to make sure the risk management , if you can manage it successfully , then you will be profitable despite of having much risk situation.

Besides volatility it is risky to us because we did not take it as a serious business. Most of us compare it like casino and think they have to push buttons in order to make money whereas it does not works like that, we have to practice and learn the art of trading before jumping into this market.

Forex is a very risky market. Without any knowledge, it is quite difficult to survive in this risky market. So, gather knowledge and then try to earn money from this market.

Forex is undoubtedly risky, that is why its believed that its not everyone's cup of tea.

There are multiple reasons why trading is risky. It's difficult to learn to do so, it takes time, and effort, and often a lot of losses - sometimes not just financial ones because your loved ones may run out of patience with your financial losses. And even if you learn, you may end up happening on a scammer broker that will take your hard-earned money at the blink of an eye. That happens, and it happens a lot. To put it in perspective - in 2018 alone traders in the UK lost 27 million pounds to such scams. Not to mistakes in trading. To scams. It's risky, stressful industry and anyone entering it should have no illusions about that.

Trading in itself have a very low risk regardless what kind of leverage you are using, be it 1:1 or 1:10000 (in real life, the more leverage you can get, the BETTER place you are for a trade !!)

You know what its "risky" ?!?! doing this activity WITHOUT the proper knowledge behind it !!! there its a HUGE % of "traders" that think they know what are they doing but as soon as you strip their chart of all the crap they are running they have NO IDEA what to do next because the candles/price in itself its just a random thing going up/down/stalling.. Suddenly they are trying to read/understand ancient egiptyan with a 128bit encryption and have no idea what butto to press next (buy/sell/ lol)


Understand this: the REAL "risk" in trading its placing trades blindly every single time without truly understanding why.. and NO, the market itsnt "random" there are tons of moments that it speaks to you loud and clear

Dont be a fool and stop believing the ancient myths of trading, level uP !!

risk is everywhere at any business , but Forex trading contains huge risk than others. so need a proper trading first of all. but our plan not works because there is no money management.