Forex is not scam

It is not a scam, forex market values those who work hard to understand it.

croisssan posted:
Definitely yes. Perhaps forex is not always profitable. But this is definitely not a scam.

Agreed. As long as you stick with the regulation and follow the rules and guideline, you will notice that forex is not a scam.

I would call forex trading a challenging task. It requires skills and years of practice to do it properly.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

I have been trading for years in forex, so I can confidently say that they are not a scam. It is a legit market.

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.

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.