Is forex a difficult market for beginners?

[CrazyCzarina 17]

There are several reasons forex can be an attractive market, even for beginners who have little experience. The forex market is accessible, requiring only a small deposit of funds for traders to get involved. Also, the market is open for 24 hours per day/5 days a week (it's closed for a short period on weekends). This means that traders can get into the market at any time of day, even when other more centralised markets are closed. Forex traders also pay only a simple trading fee determined by the spread between currency bid and ask prices, and trading is often governed by simplified tax rules. Finally, traders can pre-determine their stop-loss and trade exit prices prior to entering each trade, meaning they have full control over how much risk they want to take on.