Forex Trading is beneficial as I say but a lot of people are also at a loss due to forex trading because that was due to their lack of experience and they were trading without analyzing the coins which are very important in trading. That's why they were at a loss. Although it is better for the traders.
suffering loss was not happen in forex market , we face it in any finance market when trading skill was not prepare well. If have no trading skill , it should not invest or trade in any finance market.forex and cryptorrency market need deep analisys for each entry .alot cryptocurrency traders or investors come from forex market due its potency , and for whose that previously be expert in forex will easily gain profits in market with their technical analosys.
I have no experience with the currency market, but I understand that one of the advantages is that the volume is consolidated, so the technical analysis is much more accurate than in cryptocurrencies. In this case there is also a lot of volatility, only the cryptocurrency market is much easier for me because I know the logic much more, besides that one of the things that I do not like about the currency market is that you have to use brokers where Most of the time they demand excess KYC, especially for brokers and it is very boring that you make profits in a broker and that suddenly you cannot operate later because you are from a prohibited country, as in some cases has happened to some friends. I think all of this is what most keeps me away from that market.