Forex is not scam

Mar 25, 2021 at 14:34
3,148 Views
66 Replies
Member Since Apr 09, 2019   538 posts
Jan 26, 2022 at 11:51
It's like saying medicine is a scam because you failed med school.
If you can't spot the liquidity then you are the liquidity.
Member Since Jan 10, 2022   9 posts
Jan 26, 2022 at 14:35
CraigMcG2020 posted:
Its definitely not a scam i know people verified making hundreds of thousands from it but they have put work time and effort into becoming a great trader. Most fail and then blame everything but themselves

Who are these people? Whenever I find people with verified accounts they always turn out to be scammers
Member Since Feb 08, 2019   213 posts
Jan 26, 2022 at 15:54
Why would anyone show their winning accounts? The winners don't brag about it they just get on with it. The losers try to flog useless systems....
Member Since Mar 16, 2021   477 posts
Jan 26, 2022 at 17:12
The forex market can never be a scam. Traders exchange currency values here. Which is conducted all over the world together.
Member Since Apr 03, 2021   470 posts
Jan 26, 2022 at 23:44
Forex business is not a scam, but choosing the broker is an important matter because not all broker is trusted, in huge business-like as forex, where here there is so big money circulating in the market, sometimes used by an unresponsible person to scammed people. choose a reliable broker that has been regulated and trusted by among traders, read the review, and spent money that affords to lose.
Member Since Aug 10, 2021   178 posts
Jan 27, 2022 at 02:30
Exactly forex is not a scam. It is a genuine business and you can make a lot of money and profit if you have knowledge and skilsl.
Member Since Aug 10, 2020   7 posts
Jan 28, 2022 at 13:59
I agree that those people who often lose on Forex are prone to saying that it’s all scam and nothing else. I explore Foreх on a demo account and I already see how complicated this system is. It requires you to improve your personal qualities. The very thought of trading on a real account a bit scares me but I hope I will try it soon.
Member Since Feb 12, 2019   105 posts
Jan 28, 2022 at 14:45
I think its sour grapes on behalf of some of people's own failing and inability to apply the principles they learn here and not put in the work
Member Since Jan 26, 2013   73 posts
Jan 28, 2022 at 15:38
As a former corporate currency trader, forex is not a scam but there are a lot of unscrupulous people wanting to get a piece of the pie by setting up scams by putting up bogus brokers and schemes. It is a legitimate business. Business would not function without forex as companies cannot get their international revenues converted into their home currencies and will need to pay their suppliers into theirs. If you vacation in another country, you will need to convert your money into their currency.

To prevent yourself from being scammed, do your trading with a well known and licensed broker and don't buy or rent any EAs (especially those that grid and/or martingale). Instead, study and practice and develop your own trading style.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Member Since Jan 28, 2022   10 posts
Jan 28, 2022 at 20:21
For me personally, forex is not a deception, you just need to be able to understand and prepare in it.
Member Since Jul 19, 2020   788 posts
Jan 29, 2022 at 01:52
Roman4711 posted:
For me personally, forex is not a deception, you just need to be able to understand and prepare in it.
In general, I also think that there is no possibility of loss if trading follows total discipline.
Member Since Jan 24, 2022   20 posts
Jan 29, 2022 at 05:12
fores looks like deceptive for those who don't know how to time the forex. Lack of trading skills and imitating others will not make one a successful trader.
Member Since Jan 29, 2022   4 posts
Jan 29, 2022 at 06:06
Depends in broker not forex
Member Since Jun 26, 2020   327 posts
Jan 29, 2022 at 07:16
Forex is a very professional business in the present world , it is not scam at al, we traders use this place as scam .
Member Since Dec 14, 2021   46 posts
Feb 08, 2022 at 08:13
Forex isn’t a scam, it is a legitimate financial market. There are scammers though who set up traps for traders to fall into. The people who fall prey to these scammers lose money. These traders then use the word “scam” for the forex market as a whole. If a trader is careful, there is no way that the money can be lost easily.
Member Since Dec 13, 2021   32 posts
Feb 09, 2022 at 04:44
No, forex trading is not a scam. People should not accuse forex trading to be a scam just because they lost in the game.
Member Since Feb 07, 2022   24 posts
Feb 09, 2022 at 10:35
Forex market is real and is used by governments, banks , financial institutes and traders like us to earn through this and meet the supply and demand of the currencies in the market. Therefore it is the most liquid market in the world with around 6.6 trillion transactions taking place every single day.
Member Since Aug 10, 2021   178 posts
Mar 07, 2022 at 03:33
No, It is not a scam business, it is legit and we can make good profit.
Member Since Jun 26, 2020   327 posts
Mar 07, 2022 at 08:05
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless.  beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.  
Member Since Jun 12, 2021   132 posts
Mar 07, 2022 at 08:54
Forex is scam or not it depends on your approach , if you have positive mind you will take this place as a business , if not you will act in there as scam. thanks
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