Is it really easy to make money on forex with ‘proper’ knowledge? As a trader, I will say no.
After completing your basic online/Youtube course, beginners think they will start making profits. But in reality they face losing streaks.
What I have learned from my experience is that, after completing the basic course, a trader must practise in a demo account for a few months to develop their strategy. Yet, there is no guarantee that every trader who demo trades before joining the live market will be profitable.
Real knowledge is experience. If a trader trades for years, being consistent with their strategy, that is how they gain proper knowledge, and are able to make consistent profits.