For few rookie traders Forex can be dangerous. Traders who are really working hard on their analysis and strategy, they are going to minimize the risk value.
I got your point, but I think new traders need to concentrate on only their learning process! Then they should select only transparent broker according to their regulation status! Yes, market maker brokers are available here & there! So, traders need to avoid non-regulated broker! Without regulation brokers are dangerous!
Profitable, only if the risk is managed to a good extent.Forex is risky no doubt but the most profitable avenue as well.