At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.
Although it is also a tool that is ready, you should try the demo. It is always better to play it safe, at least in the forex. There is money and sometimes a lot, at risk.
It can be. However, it is unbelievably difficult to make money with forex trading in the long term. In fact, I do not know any forex trader who managed to transparently earn an annual 20% return over a 10 year period.
One reason for this is that forex trading is actually not an investment, but rather speculation. Buying a stock which pays dividends and also grows in value over time IS an investment. But unfortunately forex pairs do not pay dividends nor interest.
Well if you keep forex trading so low profile like stock, I mean not earning 60% a year but rather less than 10 then you can trade safely for years.
Also forex pays its dividend - swaps - on exotic pairs it can bring a lot of joy - or frustration when price move.
It is like walking slowly around city
or running through jungle with leopard in your steps.
Crypto is even more wild...