Forex is NOT a scam

Yes, you heard that right. Forex is not a scam. There are a lot of scammers in the market, sure, but the market itself is too big to be a scam itself. Multiple trillion dollars run through it after all and you have governments and big banks participating in it. Forex is an OTC market. This means that it is an Over The Counter market and there is no central exchange. When there is no one in charge, then that means there is no one trying to rig it. Well, they might be trying, but the market is independent. Having said that, a lot of scamming does go on in the market because there are a lot of phony service providers and brokers. So you have to beware of them.


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