Forex is not scam
Member Since Jun 21, 2021
33 posts
Mar 07, 2022 at 10:52
It is not a scam, forex market values those who work hard to understand it.
Member Since Jun 07, 2021
72 posts
Apr 25, 2022 at 10:42
I would call forex trading a challenging task. It requires skills and years of practice to do it properly.
Apr 25, 2022 at 16:40
skihav posted:
I believe that forex is not a scam. With the wrong organization of work, losses are possible, but this does not mean that Forex is a scam.
Exactly. Forex is just Forex, currency exchange. The scam is that there are people selling holy grain FX robots that do not work
Apr 26, 2022 at 09:32
I wouldn't call forex a scam, but it does have asymmetric information, which leads to misinformation. To prevent becoming trapped in a scam, have a basic understanding of how forex trading works, and have an upright trading knowledge and trade with well-regulated forex brokers always just to be on the safer side.
Member Since Feb 16, 2022
63 posts
Apr 27, 2022 at 06:00
Forex is not a scam rather some traders do scam in trading. Scammers never come in treading to survive for long. Their intent is to earn a large volume of profit within a very short time. Always stay away from scamming and a scamming broker.
Member Since Apr 14, 2022
32 posts
Apr 28, 2022 at 11:06
The Forex market is a legal trading market where you can trade the world's major currencies. It would be difficult to trade the currencies required to conduct cross-border commerce without the forex market. So in my opinion it can’t be related to any kind of scam or fraud.
Member Since Apr 14, 2022
34 posts
Apr 29, 2022 at 11:29
Forex isn't a scam if you ask me. I've been trading for more than two years now and luckily I've never encountered a scam trap up till now. However, there are traders who might have been a victim of such scams so it is quite necessary to be alert and do proper research while choosing a broker.
Member Since Oct 29, 2020
21 posts
May 02, 2022 at 09:35
Not only traders trade forex but also big financial institutions, MNCs and Central Banks that represent the government trade. Forex is a legit global platform for exchanging one currency with another.
Member Since Aug 05, 2021
401 posts
May 04, 2022 at 14:36
Forex trading gets a bad reputation partly from all the scam brokers, indicators, mentors, paid courses and etc. that aren't worth anything and people wind up being scammed for large amounts of money. There's also the factor that so many think it's a quick easy way to get money and they wind up losing their deposit and giving up, so they label it as a scam and move on.
May 20, 2022 at 04:36
Of course not. The forex market is real and legit. The online forex market has been existing for a very long time. The reason why some people have this misconception that the forex market is a scam is because they failed in earning profits. The reason is not whether the market is legit or not but insufficient knowledge of a trader.
Member Since Jul 20, 2020
399 posts
May 24, 2022 at 13:36
Hotfoote posted:
Forex isn’t a scam, a lot of failed traders just call it that because they’re bad at it and didn’t make any money/the money they wanted to.
I agree, most are not happy it wasn't a get rick quick scheme and they are bitter they couldn't make it so they tell others it cant be done. Best to just follow what your eyes tell you and don't be discourages by all the neigh sayers
May 24, 2022 at 16:51
Forex is not a scam. Scam is essentially found among brokers who provide imaginary services. Sometimes it happens that you send money, but you will never see it back. Therefore, you need to choose a broker that has been in existence for at least 5 years.
Member Since Feb 16, 2022
63 posts
May 25, 2022 at 06:55
Forex cannot be scam but a broker can. In all ways, a scam broker is harmful for a trader so traders should be careful about this. A scam broker is never supportive to traders so it should be avoided. There are different types of scam brokers available in the market and we should keep ourselves apart from them.
Jun 21, 2022 at 07:41
That’s exactly what reality looks like. Those who set unrealistic expectations will obviously have to take unexpected losses. The market becomes their easy target to blame. But if you are ready to find reasons behind your losses and improve the way you trade, success won’t be a far cry.
Member Since Jun 21, 2022
1 posts
Jun 22, 2022 at 05:04
I have been trading for years in forex, so I can confidently say that they are not a scam. It is a legit market.
Jun 23, 2022 at 04:28
Forex trading is not a scam. There are numerous opportunities to financially benefit from it. Not only traders but other big firms or institutions trade forex including big investment banks and central banks which represent the governments.
Jun 24, 2022 at 09:45
Forex is not a scam but there are many scams in forex.
With the rising number of people taking interest in forex trading, scams have no dearth of traders who would like to make use of an easy way to make money. It comes up to the traders to be careful about the services they take.
With the rising number of people taking interest in forex trading, scams have no dearth of traders who would like to make use of an easy way to make money. It comes up to the traders to be careful about the services they take.
Member Since Jun 02, 2022
24 posts
Jun 27, 2022 at 04:24
Every person is capable of doing a different set of things and so, we can’t expect all of them to be great at trading forex. Just because someone doesn’t understand forex, it doesn’t mean that the whole concept of forex trading is a lie. You must first find out if you are capable of doing it or not.
