does the forex & share market involve same level of risk?

Both have about the same level of risk as long as you don't use any leverage.

On the other hand while the price of a share can go down to $0 this doesn't happen with currencies.

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From a not that serious perspective: As forex is a 24h market you also get the risk of losing your sleep and watching the charts the whole day long.

I will elaborate on one of the answers.

The leverage makes fluctuations impact much more in your investment. So the leverage does not only increase your risk, but it also accelerates it.

Furthermore, using leverage implies buying a credit, and paying the subsequent fees. For example in a currency exchange standard account with 1:100 leverage and normal spreads, you might be paying 4% fees on your investment.

Therefore the risk is heavier, as you need to beat higher fees in order to make profits.

Also the earning possibilities are better, as if you are able to understand the currency markets, you can multiply your account equity within weeks.

Yes I think they both share the same level of risks in one or the other way but forex trading is more advantageous as compared to Share market.

Forex is more difficult because the retail investor is an even smaller fish.

If your trading strategies are taught well and learnt well then one is not riskier that the other. Your trading success; no matter what market you are trading; will be dependant on your own skill and ability to adapt to a changing market.

The market technically isn't any riskier, it is the leverage that makes the difference. More leverage means more risk.

short answer no

Both however do carry risk.

the main difference is that to deal in For-ex usually requires exposure to margin loans which can leave you losing more than you started with and there are many traps for unwary players.

with shares all you risk losing is your initial investment.