Forex is not scam

any kind of institution cant be scam , the people we are scam. our mentality.

UweMoench posted:
Forex is not scam. Some people who have failed in trading used to say that forex is a scam. They think, I didn't make it so no one can make it. But yes, there are brokers that are scam. Do not listen people who say like this. And most importantly you can google it.

The way a trader usually manages his risk is known as risk management policy. What are the ways? - is a question. Different traders have different ways like some reduces lot size and trade in low spread-consuming pairs. Some avoid trading during any news occurs and these all are taken as risk management policy.

Risk management, meaning using low leverage, narrow trading spread and other approached that lower trading risk, and money management should be the part of one’s trading as it helps in bringing out profits on an average. The target of every risk management strategy is to save traders from sudden market crashes.

The Forex market is a legit global market. Every person involved in the forex market shares a common goal to make profits from it. It is the approach to this goal that differentiates who are legit traders and who are fraudulent persons. The market itself is highly respected and considered to be important worldwide, because trading currencies in the forex market creates the price value of one currency relative to other currencies, all through the supply and demand process.

Oh one says forex is gambling, others say no, it's marketplace. I think forex is really marketplace for trading. Somebody has profit there, someone not. Moreover, forex provides various opportunities for earning. Even if you don't know how to trade, you can always invest. This can be especially good for newbies.

There are several reasons newbies can’t succeed for and among those reasons one is that they are affected with several issues like revenge-trading, enhancing lot size, not caring about market situation, trading in highly volatile pairs. When a trader has positive mindset, he will never stick to these issues.