I enjoy the flexibility offered by the market. High leverage is a plus point, but it can also backfire if not used wisely. The downside is the unpredictability and presence of scammers.
most of the traders who are beginners always try to make huge money from there without learning that is totally impossible in practical life.
PROS- The forex markets are open 24 hours a day, making it possible to trade whenever it is convenient, which is very beneficial for short-term traders who tend to hold positions for brief periods of time (say a few minutes to a few hours). Few traders conduct transactions during all off-hours. Also forex trader who enjoy volatility can easily switch from one currency pair to another. CON- Numerous factors, largely international politics or economics, which can be challenging to research and draw trustworthy conclusions from, affect forex trades. The majority of forex trading is based on technical indicators, which is the main cause of the forex markets' high volatility.
CON - Mostly market maker model...meaning mostly you play against the "Broker" - thinly regulated ( only 3 in US I think and one can get a Broker licenses for pittance in some tin pot countries) - No central exchange to know true lit prices Alternative FX futures CON: Less leverage and less granularity, Broker failure risk same as any Futures account/ NO SIPC protection ( unless in UK Futures broker is used)
The forex market is one of the most lucrative and the riskiest financial markets in the world. It all depends on traders trading approach that results in profits or losses.