Why forex trading can be risky for most people?

It is the believe of most people that forex trading is a risky business to do. This I strongly disagree, because if we do research on most of these people that says forex trading is risky, we will see they did not really understand forex before they start and they have no strategy.

Even if after we have learnt about forex trading and understand it, we will still need to have a strategy. This will help us to know when to enter and close a trade. So forex trading is not risky.

Me personally I am the kind of person that have interest in learning how to trade forex. But when i come across the risks involved in it, I felt discourage. Forex is all about buying it ( the cryptocurrency) when the price is low and selling it when the price is high. Now the problem, how will you know whether the price will go down or not. That's the one factor affecting forex trading.

There are several reasons why forex trading can be risky for most people.  One reason is that it is a highly volatile market, and prices can fluctuate rapidly.  This makes it difficult to predict the direction of the market and can lead to losses if a trader makes the wrong decision.  Another reason is that forex trading requires a high level of knowledge and experience.  Most people do not have the time or expertise to properly analyze the market and make informed trading decisions.  Finally, forex trading can be emotionally taxing, and it is easy to make impulsive decisions that can lead to losses. 

 Getting a qualitative knowledge to the trading market setting would actually brings in return the confidance and expertise to get on with it.

The situation happens as a result of volatility nature of the forex market in which, even the most experience trader sometimes loses.

While a trader benafit wirh leverage, the loss is magnified un like may be stock.

Research.

Forex trading carries inherent risks primarily due to market volatility and leverage. The foreign exchange market's rapid price fluctuations can lead to substantial financial losses for inexperienced traders. Leverage amplifies both gains and losses, magnifying the risk. Emotional factors, lack of proper education, and inadequate risk management contribute to the challenge. additionally, geopolitical events, economic indicators, and unexpected market shifts make predicting currency movements inherently uncertain. without a thorough understanding of these complexities, individuals may find forex trading perilous, emphasizing the importance of comprehensive knowledge, disciplined strategies, and risk mitigation to navigate the inherent uncertainties of the forex market.