Is Forex Trading a Scam?
Is Forex Trading a Scam
Now, before we even answer this question, please know that we always answer it straight without trying to hide anything. So please do not take offense in anyway. Now let’s go address this…this is the common questions among new traders and losing traders (no offense guys). Why even ask this question “Is Forex Trading a Scam?” Usually it’s because they cannot make money and they feel that there’s no way to make a profit in the market. And most likely traders who ask this question have been scammed before.
Forex or Forex trading on its own is not a scam. With over USD4 Trillion (yes it’s Trillion!) changing hands per day, we find it hard to believe that the whole market is a scam. Well, take a look at what each respective country in the world use… they have their own currency. How is Forex Trading a scam even possible? Real businesses and real people are involved and they even keep strong currencies as investments.
However, take note, while Forex is certainly no scam but it’s the marketers involved in this industry that makes up most of the scams. That’s the biggest scam in Forex that’s going around. Because the trading market is about making money and people in general make irrational decisions when it comes to this (which still amazes us until today!)
The real scam in Forex is mainly marketers selling and promoting stuffs that do not work. They have hyped up videos that promises the sky but in the end the product itself is nothing but a useless piece of indicator. We know… we have been scammed many times before until we decided to invest in real trading education and not chase after shiny objects. There is no holy grail. Just remember that you will not be scammed again. Also when you know for a fact that legendary Investors and Traders like Warren Buffett and George Soros both generate 25% and 23% average return on investment per year give you a good benchmark of what you can achieve consistently year on year. This knowledge alone should keep you safe from ALL scams because if you see an offer that can provide you 100% ROI per month… you better start running away from it QUICK!
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Is Forex Trading a Scam – Simple Video Explanation
Is Forex Trading a Scam Video!
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