This is every true, if there was no risk associated with this type of trading then everyone would be doing it and become rich. Unlike the stock market currency trading can be more volatile. Not only do you have to worry about economic impacts of the currency you are trading but other countries too. I considered doing it and after reading several books and even using there free trail (basically a game mode and I would suggest that you do this before you put any real money in to a market. But you have to treat it like it is your money and not a game) I decided that it was in my best interest to stay away and save.
Another option is penny stocks and if you are willing to take the risk invest in these type of companies. I have a few and I do not plan on making any money off of them. If I do great if I don’t then nothing is hurt because I considered that money lost as soon as I invested it.