Yep, forex is not going to be easy way to make money. I guess people think it will be easy because you can get astronomical leverage and the markets trade 24-5. But those things don’t make profit easier to come by, they just increase your access opportunities.
And therein lies the danger - high leverage and a 24-5 market is a more efficient way to lose money if you are starting out in trading and not yet making a profit. And that’s how most new forex traders get drawn in to forex - low capital, high leverage, no opening gaps, constant availability of live markets. Lots of reversals as forex prices are not inherently more likely to go either up or down.
Its not forex that kills them, its their terrible trading assumptions.
So maybe what I’m saying is forex is just trading. And trading badly is a great way to lose money. And because people can trade forex more, they lose it faster and bigger.