What do you think about Forex being a 'scam'?

[dixieadd]

Originally Posted by dojo

I've heard about Forex some years ago, when I started seeing all those ads in many places. There were disgruntled traders who have lost a lot and claimed it's all a hoax. It really took me a while to understand it might not be the case. What do you thing about this? Have you also heard these 'voices'? Is Forex still in controversy?

Mate, I'm trading forex after I used to do equity for quite a while. Definitely there is no spam, the market exists, it is there high and very liquid indeed. the fact that is an otc and there is no organized exchange (e.g.the London Stock Exchange or the Philly one) does not make less real. Trust you me for many years this market was available only to brokers and big institutional investors to make their big money. And with the tech boom are emerging more and more platforms (some good, others not so much) that brings it to general user and ordinary people like you and I can also trade forex with small amount.