Is Forex A Scam?

Olieng38

Sergeant
Messages
132
Forex is not a scam. It is a market place where people win and lose, just like in any other business, depending on their trading strategies. Before signing up for a forex account, ensure you do a background check for the broker to avoid traps laid by scammers and fraudsters. Never rely solely on website reviews since many scammers out there lure innocent traders with fake reviews
 

Enayess

Recruit
Messages
104
Many people who call forex a scam are the traders who failed because of not following pipsiology instructions. One golden rule for any forex trader before signing up for an account is that you must ensure your broker is regulated and has a clear background. Don't go for a less popular broker just because the offers are more enticing. That's one of the easiest ways to lose money through forex
 

CRPA9

Recruit
Messages
67
There are many scams around forex but forex itself is not a scam.
Get rich quick schemes are the biggest.
 
Messages
189
obviously there are scammers in this sector which is why you should utilise sites like this to review brokers before signing up.
 

TrapLok

Recruit
Messages
132
Christina, I think that you gave excellent advice. Forums are excellent place to exchange options with other traders about all issues related to trading. Here you can also stay informed about scamming activities on the market and protect yourself from them, and, of course, your money
 

Boyd35

Recruit
Messages
68
I would also agree that we as traders need to share some solidarity, at least when it comes to scamming activities on the market. Only by sharing information and experiences, we will be able to fight scammers by warning other traders about their activities
 

Clay Davidson

Recruit
Messages
70
For sure it's not and I am not sure who is spreading this, that's a very good way to make a lot of money in real and a lot of people do use it anyway. I do not understand all that matters here. There are always some bad brokers and that's really it.
 
Top