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.
ElliotEll posted: 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.
Forex is never a scam rather brokers can be scam. Forex is a market where traders gather to exchange currencies in return of which they earn their livelihood. To avoid scam, traders should be careful about broker selection. Forex is a market which you can use the way you want so how it can be a scam.
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.
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.
Yes, I agree forex is not a scam. This was the viewpoint of those who had suffered the losses. I, too, have experienced losses and been upset at times, but there is a gain and a loss in trading, so one should maintain a good attitude toward it.
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.