What should you be afraid of in Forex - brokers or yourself?

Most novice participants come to the Forex market hoping for a rich future, because the offer to receive a sum of one hundred dollars every day is very tempting. However, dreams in the end do not come true, turning into reality - the situation is similar to the fairy tale about Cinderella, in which the carriage turned into a simple pumpkin at midnight.

As a result, many come to the conclusion that Forex is a scam, a banal scam, which is offered by cybercriminals everywhere on the Internet. The only winners are brokers who earn large sums on losing traders. Is it so?

1. So that you do not suffer the fate of bankruptcy, on the first day of working on the Forex market, you must immediately learn that Forex is an international currency market, where the laws of the economy really function, currency purchase and sale transactions are carried out between market participants. At first glance, the purpose of trading is simple: opening a position, buying a currency and closing a position after selling a currency.
2. Profit represents the difference gained from trading. In the foreign exchange market, trading is possible thanks to brokers that allow you to open an account, providing leverage, that is, they give traders a loan amount that is many times greater than the size of the deposit. And dealing centers play the role of intermediaries in the auction.
3. Fraud in Forex, if it takes place, is only in the context of the fact that trading in the currency market itself resembles a minefield, because it is difficult to predict a safe step, especially if there is no idea what it is about. And very often unscrupulous brokers take advantage of this.

It is important to remember: they say that Forex is a scam, those traders who did not bother to study the features of trading, did not choose a strategy, did not practice on a demo account, but, like a player in a casino, decided to work, following their intuition and passion.

Having drained the entire deposit, they were dissatisfied with the result - not many people are able to see the beam in their own eyes, therefore the broker, the market, anyone, but not themselves are to blame, which means that the Forex market is a complete deception of honest citizens.

Draw your own conclusions!