forex trading, scam or?

[Nii]

forex trading is not a scam as many people think. its a skill set that needs extensive learning and practice.

 

[Jasz]

Forex trading is never a scam. What you need is the right skills. You need to experience too. Yes experience the downsides of trading to (I hope not badly) before you can keep your head straight. I know some of my friends that made it through trading.

It's not scam! Things you should attribute to scam are platforms out there. So many fake platforms there clamouring how their website will get you trade and profit a lot. This at the end of the day end up being a big lie.

You will lose the enticing bonus they give you, lose the money you invest and a good time of yours.

Trading is not a scam, what you should be careful about is trading sites.

When you get a good and legit at form, with the right skill and experience, you are good.

 

[Wharf]

When people trade forex without a strategy and lose money, they call it a scam. But in reality, forex trading is a really effective way of making money. People just need to learn the concepts of forex in detail and devise excellent money management and risk management strategies to maximize profits and minimize losses.

 

[Nimrod]

You will hear only those people calling forex trading a scam who couldn’t make it through trading. The ones who have been doing well in the market know how good it is as a career and what opportunities it can offer.

All I want to tell new traders is that forex trading might be difficult but once you learn how to take advantage of the market, you will know what you can make through it.

 

[Critomancy]

Because the possibility of becoming a profitable trader is very less, it doesn’t mean it is a scam. Trading skills are required to become a profitable trader—the knowledge of fundamental and technical analysis, risk management, trading psychology—do not develop overnight. It’s a matter of commitment and takes months. Traders who are capable of doing that only make money in forex.

 

[Setho]

Forex trading is an activity that has been existing for up to about 50 years now and as such there is no reliable data to clean that people have been manipulating the market of it is a scam. There are usually some rules that are guiding it and you have to follow it accordingly if you want to make the most out of the various opportunities in the market. It is definitely going to take a little of your time in order to study and also become concerned with it but with time you're going to understand that it is very well what it.

 

[eldavis]

Forex trading is not in any way a scam and can never be a scam unless maybe you find yourself self registering under a fake broker, that's the only way I can see someone being scammed in forex trading, and it is not the forex market. Those persons who consider forex trading a scam probably might have gone into the forex market without taking any form of training and ended up loosing their capital.

 

[Ahtisham Tahir]

The forex market is a very complex and very time taking thing to learn. I have been working in this field for 2 years and still learning for the best.

 

[Ponmo]

Forex trading is not everyone’s cup of tea. You have to be patient to be profitable because you need to give enough time to your career to grow. The beginning is commonly full of losses, so use only the extra money you have to trade. Otherwise, wait until you are ready for the losses.

 

[Zonked]

You get what you work for. Be it your life or forex trading!
Forex trading gives good results to those who work tirelessly towards their goals. Not to those who keep hitting and trying every now and then. To make consistent profits, you have to be consistent at making efforts.
And in no way, it’s a scam. Around $6 trillion transactions daily are not a joke.

 

[Neuroid]

It’s easy to call forex trading a scam when you are not able to make the expected profits from it. But it takes a heart to lose your money and still wait until you get better at it. You need skills to make money and it’s not just in the case of forex trading.

 

[Revetment]

Looking at the volume of the trades traded per day which is more than $6 trillion and professional traders like George Soros or Richard Dennis there should be no doubt forex trading. Acquiring right trading skills and having a good emotional balance is important for winning trades. One can’t say that forex is a scam without having proper knowledge and understanding about forex trading.

 

[Shrubbery]

Because the possibility of becoming a profitable trader is very less, it doesn’t mean it is a scam. Trading skills are required to become a profitable trader—the knowledge of fundamental and technical analysis, risk management, trading psychology—do not develop overnight. It’s a matter of commitment and takes months. Traders who are capable of doing that only make money in forex.

I totally agree with your point. If the forex trading is hard and possibilities of becoming a profitable trader are less, that doesn’t make forex a scam. Forex trading requires a good amount of hard work to acquire trading skills and if any new trader, unaware of this fact ends up losing then he/she accuses it of being a scam.

 

[Torsade]

Forex is the biggest market in the world. Every day, around 6 trillion dollars are traded, so there is no question of doubting the authenticity of forex trading. Those who lose money in forex trading due to no solid trading strategy call forex trading a scam. Anyone who is interested in forex trading should spend time learning and practicing it.