Why Day Trading Forex is A Scam. In fact the mother of all scams. There is more manipulation in the trillions upon trillions Forex Market than any other market in the world. While there is sufficient liquidity and movement the Forex market is a big boys game.
Everyone from banks, brokers, big financial institutions, hedge funds, and the almighty central banks are involved in the schemes. The central bank of England was caught and fined during an investigation into the manipulation of Forex currency.
One thing to keep in mind is that we would be foolish to believe that we are going to be make a living trading Forex competing against institutions that are worth hundreds of millions. The brokers themselves are also involved in manipulation and they make money off their own customer’s orders.
If you are considering becoming a professional trader then please understand why day trading Forex is a scam. I’ve been in this industry for over 13 years now and have seen it all. The last thing I want to see you do is blow an account or lose your money simply because the odds are stacked against you.
It would be best to learn in other markets other than Forex. Futures and Stocks would be a better choice and would also recommend not to learn on Options or day trade Options for that matter either.
Hope you enjoyed the video on why day trading Forex is a scam. Leave a comment or question here on YouTube and would be happy to respond.
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