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Is the Forex market a scam?

by Randy

Is the Forex market a scam? I hear a lot about people getting scammed in this market. Isn't it a little too good to be true?

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Is the Forex market a scam?

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Aug 29, 2011
Good question...and No the market is not a scam.
by: Forex Trading Rookie

Although it's easy for some to label the entire market a scam, it's truly not. The Forex market is a legitimate financial market that plays a vital role in the global economy.

While some systems, brokers and Forex gurus are indeed scams, the market itself is not. That's like trying to call the stock market or the bond market a scam. Heck it's like trying to call the entire U.S. financial system a...well wait, you get the idea.

Many traders do lose their shirts in this game and it's not something to take lightly. If you like to gamble, go to the craps table. If you want to learn how to trade and are willing to work at it, the Forex market can be rewarding.

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