Forex is not scam

It's like saying medicine is a scam because you failed med school.

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

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....

The forex market can never be a scam. Traders exchange currency values here. Which is conducted all over the world together.

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.

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.

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.

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

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.

For me personally, forex is not a deception, you just need to be able to understand and prepare in it.

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.

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.

Depends in broker not forex

Forex is a very professional business in the present world , it is not scam at al, we traders use this place as scam .

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.

No, forex trading is not a scam. People should not accuse forex trading to be a scam just because they lost in the game.

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.

No, It is not a scam business, it is legit and we can make good profit.

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.