Forex is not a scam, but the fake gurus are the living a luxury lifestyle with your cash...

[Epimyth]

Forex is good, but the way it is portrayed in social media doesn't support that claim. These fake gurus who are just con artists will eventually rob you. Courses don’t make you rich. What will make you successful is a tonne of learning, years of practice, a strategy, a trading plan, numerous failures, and unwavering patience.

 

[wizard8]

Also heard about people scamming in many ways.
They sell the idea to people and hoping they invest and then give them back for the first few months some returns and there after it just stops

 

[Eusorphia]

Forex trading is not a scam. However, the majority of so-called trading gurus are tarnishing the image of forex trading. They are selling useless courses and signals in order to steal money from aspiring traders and live a lavish lifestyle. Beginner traders are advised to identify these so-called trading gurus in order to avoid falling into a big trap.

 

[Tomfoolery]

Most forex traders on Instagram are scammers. Forex trading is hard, as over 95% of forex traders lose money. Plus, it is getting harder and harder to compete with machine learning algorithms and high-frequency trading firms, who get the vast majority of profits. Stay away from such fake gurus and don’t fall for any scams or signals.

 

[Factualism]

These fake gurus have surely made trading a big issue. We can’t stop scams from doing their job but we can definitely make up our minds that no shortcut is going to work and we better do the hard work to reach our trading goals.