As any type trading/investments do have risks same is the case with the Forex. It is risky market.
Is forex trading safe?
Don't listen to "guru" traders on Twitter who try and sell you forex signals claiming they can make you millions overnight. Trading FX is extremely risky due to the leverage offered by some penny stock brokers listed here. New traders may get lucky at the start and make small profits but will lose everything on one or two trade due to poor risk management. They could have a 70% win ratio and still go broke. Forex trading robots sold on Clickbank have lost traders thousands of hard earned money. You need to find a reputable mentor who will teach you his strategy and profit from events such as Brexit. The pound is falling against every major currency, it is a great opportunity to make easy money short selling.
Agree
Yes...for pro trader not all
doing forex trading make you easy money. It is very easy, safe and secure. It is done by receiving forex signals either by manually or automatically.
Nowadays forex robot is used to receive signal and place a trade.
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Forex trading is safe if you are good at dealing with the risk management. When you trade forex, you put your money at risk in an investment strategy. However, the risk can be managed with a prudent trading strategy. You need to develop some good trading strategies, monitor economies closely, and make analysis of demand ans supply. Before investing, make sure you track the rates of exchange between them.
To know when to sell a particular currency and when to purchase one, you will have to start learning statistical analysis of economies and also their demand and supply. To keep your knowledge updated and senses alert, you can take advice of Forex Trading mentor like Kishore M, who help you with the Forex strategies, guide you with entries and exits of trades and alert you about the different changes in the world economies. Just remember, the market is not the same every day.