1) The registration process is complicated
Use ASIC regulated brokers as, based on my personal experiences, they are more clear on what personal data are required and pretty straight forward.
2) The idea of diving into the market without any prior knowledge is daunting.
Of course, prior knowledge is required & essential before diving into any business/activities/etc.
3) "You require a lot of money before you can invest"
That's very incorrect and gross misconception as some brokers (mostly/all unregulated ones) allow a wanna-be-trader to start off with USD1.00....and some even give the wanna-be-trader money to "get a feel of a live account"......and then, in most cases, skin them alive when the wanna-be-trader deposit any significant money into that account.
4) "People always lose money in forex"
That is pure BS....greed and over-trading a small account is the killer. I would go as far as to say that those who cannot or does not make money from trading the forex are all gamblers at heart.....or jinx.
5) "Whole thing is too complicated and scary"
Again, that's hogwash (trying to avoid using BS again).....Any first day (at school, work, anywhere) can be scary or exciting depending on the individual.
To me, forex is about having the ability to make good money without having to work hard for it.
It's one of the cheapest business (if indeed we treat it that way) with very little start-up capital, but with the potential to become a multi-million business entity.
Often times, I have asked the question: "Where in this world can we make USD5 (and more) in a few seconds with one push of the computer keyboard?"
That's exactly what happened when I first try out trading the forex some 3 years ago.
One of the major problem I have come across is wanna-be-traders trying/wishing to make >USD300 daily profits on a <USD1,500 trading account.
A sure account killer is a under-funded trading account.
If a wanna-be-trader wants/wish to have USD300 daily profits, have a USD10k to USD30k account because you will only be risking a very small percentage of the capital to realize 3%-1% daily profits, which should be pretty simple to do.
I think all your questions are/have been adequately answered in various forums posted by wanna-be-traders and replied by seasoned forex traders. Just do a google search and I am sure you will have ample material to work with.