No.
Most forex traders that I know are not making money from it like that.
You can make money from forex or crypto trading. But you really need to learn how to avoid losses. Read about risk management. Know what averaging is. Leverage is very dangerous. Earn little is better than lose big in the process of looking to earn big.
Most forex and crypto traders are losing according to researches.
Holding bitcoin is the best
Swing trading is better
Scalping and day trading are the riskiest where most traders are losing more.
You made a very good point Pal. For me i would say this depends on the trader approach, forex is not a get rich quick scheme and this approach is the reason why many people fail because they come in with unrealistic expectations. Many traders are not making money because they lack proper knowledge, discipline, and strategy. The emphasis you placed on risk management, understanding how averaging works, and being cautious with leverage is very important and also incorporating psychology, i believe these are the few principles that keep a trader in the game. Also your point about earning small rather than chasing big profits and risking everything is a mindset more traders need to adopt. Also, choosing longer term approaches like swing trading over high-risk methods like scalping and day trading shows a mature understanding of how the market works. I believe in other to break out of the 90–95% of traders losing money, then you have to learn a lot around trading and be patient enough to develop a deep understanding of how trading works.