Is FOREX a Scam?

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True story: I asked a friend if she was familiar with Forex and she laughed and said, “Girl, I thought that was a scam.”  I cracked up and said…SO DID I!!!  This is a common response when you talk to someone about Forex.

If you’re reading this, you’ve been introduced in some way shape or form to Forex or you’ve heard of it.  The purpose of this blog is to tell exactly what it is and is not.

FOREX IS…

Forex is short for Foreign Exchange (FOREX) and the Foreign Exchange is the global financial market where currency is traded.  

It’s the platform where all of the world’s money is exchanged and it is LEGAL.  Million and billion dollar companies, as well as the banking systems, trade dollars on the foreign exchange. They take our money and use it to buy and sell between currencies, making themselves huge profits!  Until the implementation of smart devices and apps, the Foreign Exchange traders were limited to the stock market located in their perspective countries.  Now, the market is open to all who have the knowledge and capability thanks to the expansion of technology.  

Forex is a highly volatile market but can also be very lucrative.  In Forex trading, you can trade on the raising and lowering of price whereas in stocks you only make money when they raise.

FOREX IS NOT…

No, Forex is not a scam…LOL.  It is real and it is the Foreign Exchange, as stated earlier.  It literally can not be a scam. 🤦🏽‍♀️

It also is not a “get rich quick” scheme.  I do not recommend anyone watch a few videos and then jump in and begin trading. I suggest you work with experienced and skilled traders that will teach you how to trade with knowledge and understanding of market, structure, markups, and historical data.

Most important thing you should know is, it’s not hard!  When you have the opportunity to connect with an experienced trader, TAKE IT!  We can go to school for years but where you really learn is in the field where you can apply your experience to your teachings. ☺️

My company, XtreamFX Global Academy, can help you!!  We’re an academy that provides top notch training and access to experienced master traders. 

We have weekly trade alerts and suggestions for easy money, not to mention, our referral residuals for those who want to share and take advantage of the business opportunities. 

If you’re interested, reach out and register for FREE TODAY!

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