Forex not fully risk free. We can not avoid loss we can manage loss. Loss will happen that's natural. We just need to win more than to lose. If we try to be right 100% times it will lead us to more loss.
Yes forex is one of the riskiest business in the world. If we don't follow proper risk management, it becomes riskier. This is what most newbies do. I would suggest them to follow proper risk management.
Risk is present in every job, not less in Forex trading. However, to get rid of this risk, you have to use some formula. For example, you need to use a 1: 2 risk-reward in every trade and follow money management.
Forex definitely comes with huge risks and there's no one who can have success in forex without a good risk management strategy. We must plan on how we are going to minimise our risks before we enter into any trade, else losses can be severe.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.