So is forex a scam? Short answer ————– no. The forex market or foreign exchange market, is the largest financial trading market in the world, far bigger than the stock market, with volume of around USD5 trillion traded daily!
With the constant changes in currency values, traders, both companies and individuals, speculate on the worth of different currency pairs over a given period, as they buy and sell currency pairs for profit. This is done via the use of a trading platform like MetaTrader 4. Although forex has allowed many people and companies to generate significant wealth, it is NOT a get rich quick scheme. It involves significant risk and requires serious work for success (as with everything else), however there are many tools available that can help.