To answer in simple NO, forex trading business itself is not scam but there may be some scam brokerage firms which are not regulated so be aware of such fake brokers and safeguard yourself by investing into such bucketshop brokers.
Why you guys have 02 websites with similar content ? Can you explain
To answer in simple NO, forex trading business itself is not scam but there may be some scam brokerage firms which are not regulated so be aware of such fake brokers.
Forex is so far the largest financial market in the world boasting highest liquidity,its huge trading volume representing the largest asset class in the world leading to high liquidity;its geographical dispersion;its continuous operation,24 hours a day apart from weekends etc. I t is not and will never be a scam. It could only smell poisonous to the outside world because traders have polluted it with negligence. This thus overburdens the regulatory body because you can’t cast fraud from the forex without casting out first widespread forex-illiteracy. This has consequently infested even regulated brokers as they are seduced into financial immorality. Making a ridicule of the efficacy of regulation. Think of it how can a whole regulated broker bug its software,deliberately crash platforms, with dishonestly calculated graphical glitches that cause wrecks corruption and flickering. We need thorough education and awareness in the market.
As i mentioned before, we have no affiliation with Forex Peace Army. I guess their content is similair as we are talking about the same subject.
Forex isnt a scam… If your worried about putting your money with a broker, best bet is to do it with a company on the NYSE.
These companies are publicly traded which means the market gives them value. So yeah, I wont give free publicity, but just look for a publicly trading company on the NY stock exchange or NASDAQ for that matter…
Forex is for sure a winable game, but before you get sucked up, let me tell you - it requires a lot more work than you think… A lot more, and im not even totally there yet!
Hope it helps.
Apex.
Hope
As long as u gamble it might seem that forex is a scam :)) And gamble means always in long shot to loose all by default because odds are against u. Knowledge + information and risk diversify always increase your odds for success.
If u talk about broker companies - just choose them wisely search for top forex brokers… we gather at goforex24 top forex companies from real people votes and other key factors.
cheer, Lin
Totally agree with Apex.
Forex is not a bigger scam than any other business.
Producers of food puts in it a tonnes of a crap. After that they makes a great and nice marketing and sells it to us and our children.
Hollywood guys put a crappy movie together, we go to a cinema, watch it and decide after that the movie is stupid as hell, but nobody returns to us a money for the tickets.
I can go on with it endless.
What I mean is that you should stay with an open eyes and pay attention to what you do, no matter what niche it is.
I agree.
But because it attracts much more than its share of gamblers, it’s something of a “desperate buyers’ market” and because of that, a huge industry has grown up around it comprising businesses many of whose fundamental [I]modus operandi[/I] revolves around exploiting the gullible and naive. And that, in turn, gives the presentation of forex-related information, goods and services online something of a “scammy” collective appearance.
Exactly so: it’s all very much “[I]caveat emptor[/I]”. 
++++i applaude you, lexy ++++
to me i think its professional SCAM although some brokers claims its not. by allow their victims to gain some coins and later take double or more of what they gave earlier.
Forex trading itself is not a scam its a market where you need to trade according to your skills. But there are many scams that are related with forex trading, like fake trading systems, useless trading robots that many try to sell to other traders.
Very true scam brokers are responsible when people think it is a scam business. Forex is not scam , those who are in this business use fake tools in dealing with their clients. It is recommended to work with fair and trusted broker so that trader will not face any scam in their trading.
There are scums in every business. But it doesn’t mean that a business itself is a scum.
It’s true, Forex is not a scam, some people in the business are.
totally agree with this! Its not Forex itself but some of the bad people inside of it.
Forex is just like every other market out there, whether it be the trading market or the basketball production market. In itself it is no inherently evil or inherently a scam. It depends on how it is utlized, which is dependent upon the members of the market. As afrorementioned, there are good and bad traders just as there are good and bad brokers. The number one real is caution and prudence.
I don’t think that it’s okay to talk about the whole market as a scam. Some brokers may be not as honest or scrupuluous about their clients and/or transactions, but it doesn’t mean the whole Forex is a scam.
Besides, twinkles929, you’re talking exactly about the brokers, not about the market. Then you’d better change the topic title, at least in my opinion.
This is a good community, it brings us the experiences about forex.