Forex trading is not a scam; it is a real business which can be profitable if treated like one. Forex is legit but is extremely easy to lose money in a very unpredictable manner. Yes it can be a losing gamble if you invest huge amounts without having a clue of what you are doing and just relying on luck. Forex demands proper trading strategy with money management tools.
I have seen according to my trading experience the traders who are not able to make profit from this trading place and consistency loser only these consider Forex as scams.
Maybe yes because making profit in trading is not easy and might they often facing with loss and can't get earning from this business hence they said forex as scam business because they hate forex due can't make money, but indeed risk in forex also always there and choose broker also important
I suggest that success in trading is based on your own self discipline.. and I base that on my own successes and failures.
When I get into silly mode, I get clobbered, and when I trade my plan and the setups that I have mastered, then I do ok....
To compute data based on other people is of no value...... the only decision maker that has to be measured is yourself.... and I guess that is why we should have a documented trading plan and a documented trading journal...... the two things that many traders are reluctant to use.
Forex trading is not a gamble as there are many genuine traders in the market who trade and earn well. Only those who had suffered huge losses in this market consider it to be a gamble. There is a risk in trading like you can familiarize yourself with technical indicators, gain knowledge and study fundamental analysis from dusk till dawn but there still remains some risk while trading. That’s not a scam but risk is natural in every type of business. Effective risk management can help to mitigate these losses. Just be patient and trade with due confidence after gaining sufficient knowledge of the market.