Is FOREX a scam? Of course not
Are there thousands of Forex Scammers out there? Fuck Yeah
All day long we are messaged and asked about Forex, which we don't trade (we trade mid-large cap stocks) any where you look on IG you will see:
"come catch pips in your sleep"
"90% success rate"
"no experience needed"
"insert unrealistic return in short span....."
All HUGE red flags!
We all have gotten those emails from the Nigerian Prince who needs $1,000 to bring his $50million to the states and needs you to send him some money for some reason and if you do it, he will pay you millions of dollars for helping him. 99.9% of people know it's a scam, and the scammers know that, they want that small .001% who are dumb enough to believe it and send the money.
Same thing holds true with these Forex Scammers. The worst of all of these scammer are the "so called forex brokers" if you ever opened an account with one, we will explain how that scam works in our next post. If anyone is telling you that you will be right 90% of the time with no experience in a financial market, is full of shit. Just look at these peoples pages who are "Forex Guru's". Don't fall for there gimmicks and only open a broker account with a reputable company not of these fly by night company's.