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

[Quibble]

Not all that you read about forex is true. You have to be careful about what you choose to follow. Most fake gurus will tell you to do something that is not possible. So, better set your limits.

 

[Siphonic]

These gurus only want your money; they are not concerned about the loss that you face. At the end of the day, they will enjoy what you have given them; you will suffer. They deafen their ears and blind their eyes to the suffering of such people. It is playing with the hopes of such people.

 

[Macromania]

You have to understand that all that you see on social media is not true. Most times, it’s the fraudsters who make videos to allure innocent traders into believing ridiculous things. So, before you believe in something, make use of the internet to find all about it.

 

[Monopial]

It’s an important topic to be discussed. New traders need to understand the seriousness of trading and that in no way, they can make money the way experienced traders do until they spend equal time as them.

 

[Shaner3]

Will have to agree with this. Forex is definitely profitable. Claiming to know forex can also be profitable

 

[Chorology]

It's true that there are some fake gurus out there who are making a lot of money in the forex market. However, we should not ruin our own finances by following their advice. Many of these so-called experts are nothing more than frauds who are looking to take advantage of naïve investors.

 

[Descrive]

Those ‘gurus’ are not gurus; they are a master of disguise. They can fool anyone with their words and ‘proofs’.

Forex can only be learned with hardwork and patience, so make sure you take the right path instead of following these so-called gurus and being scammed.

 

[Semantology]

We often see people claiming to be a forex expert or pro trader, who lure people in by promising huge profits. Those who choose to trust such scammers would only regret it in the end. That is why we need to educate ourselves before blindly following anyone. You cannot expect to get success that easily in forex. You should be willing to work towards it instead of wasting your time and money looking for shortcuts.

 

[Meamonk]

They must not know how to trade themselves. If that is so, this is the reason why those scammers are making money out of people’s pockets.
Living a luxurious lifestyle with innocent people’s money is like a modern-day ‘theft’. The only difference is that it is in front of our eyes, and we have no idea about it. It is only when everything takes place that we get to know about it.

 

[cashisking86]

People who really make money trading aren't out there with the gold chains and expensive cars because the chances are that in order to get to a point where they can trade well they have understood money well. And people who understand money well by and large invest it into assets on the quiet and enjoy their lives rather than brag about all the liabilities they bought.

 

[Isthmus]

Traders need to be careful about who they choose to follow. Social media is full of scammy people who will tell you false success stories and draw money from you with the false promises of teaching you to trade. You better don’t believe just anyone because forex trading is tough and you will need to dedicate plenty of time to your learning.

 

[Someecat]

Those who are genuinely earning money won’t brag and will be content with what they have. I highly doubt if these so-called ‘forex gurus’ make any money with forex trading. It is a scam, for sure. Otherwise, they would not bother about making money from their courses.

 

[Cradere]

If you can control the way you use your money for trading, you can minimise the risk that comes as a result of trading. Just don’t use your money if you are not sure about your skills and plan. Keep it in mind that you must never believe in a random person telling you that they know the secret to success.

 

[Acetarious]

Those forex gurus take advantage of the lack of our knowledge about forex. No one will ever tell you their success secrets in public. They want your money and nothing else.

 

[Overpoise]

I totally agree with OP. One should not become a forex trader just because they are impressed with the luxury lifestyle of a forex trader on instagram. Forex is not a quick road to getting rich. One has to work hard to pave their way towards success on their own. So, don’t be fooled by those fake experts on Social media and do your own research before entering the market.

 

[Seminule]

I agree. You will find a lot of mentors and teachers who are willing to teach you or want to sell you courses and signals. Unfortunately, 99% of them are not successful traders and most of them are scammers. Don’t blindly believe everything you see on the internet or social media.

 

[Angiosperm]

Too many so-called forex gurus make the bold claim that they can turn you into a millionaire by teaching you how to trade in the foreign exchange market. But you shouldn't take these fake gurus seriously. They all are fake and here to steal your money.

 

[Jackyard]

It's true that some "trading gurus" are taking advantage of young people by selling them worthless trading courses. But if you are dedicated enough, you will hardly ever need a guide. You can teach yourself anything and everything on your own. Stay away from phony "gurus."

 

[DukeBarrel]

Any random person selling you courses and saying that they have the best course and they know the secret of forex trading is fake because there is no one who knows the 'real' secret of forex trading.

 

[Bangkok]

It's extremely unlikely to find a genuine forex trader on social media. It's likely that the people making extravagant claims and profit guarantees are con artists attempting to swindle you out of your money. A sincere forex trader will offer tips and guidance but never try to convince you to trade with them or follow them by paying money.