The foreign exchange market is a global distributed or over-the-counter market for the trading of currencies. This market determines the foreign exchange rate. Foreign exchange fraud is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign.
So no, Forex trading is not a scam but the brokers create a scam in this type of trading. So, be sure to trade with the genuine broker and check their source. However, you can also take the help of good advisory firm like 100mcxtips, khelomcx and many more that provides accurate and profitable tips on the basis of technical and fundamental analysis of the stock and commodity market. (Source: https://www.quora.com/Is-forex-trading-a-scam )
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