Namu Posted July 11, 2023 Share Posted July 11, 2023 Forex trading has indeed become incredibly popular worldwide, primarily due to its potential for substantial profits. There are various advantages associated with it. Learning about forex trading has also become more accessible, thanks to resources like YouTube, forex forums, and educational facilities provided by brokers like FreshForex. These resources greatly aid in improving understanding and knowledge of the forex market. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted July 11, 2023 Share Posted July 11, 2023 Unregulated brokers often involve in scam activities in the market. Traders need to stay away from those brokers to avoid scams. Those brokers may deceive you. Trading with regulated brokers like Hotforex is the safest way to trade. Regulated brokers provide maximum security in the forex market. Traders should also check their services and trading condition before investing money. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted July 11, 2023 Share Posted July 11, 2023 If you trade with shady bucketshops operating in unregulated environment, ignoring KYC procedures, etc. then risks significantly increase that you eventually will be left with nothing or blocked with a lame reason. Quote Link to comment Share on other sites More sharing options...
nanamage Posted July 30, 2023 Share Posted July 30, 2023 Forex trading is a profitable investment instrument. Forex trading is also risky, so we must choose a broker whose regulations are clear and registered. However, there are indeed some unscrupulous brokers such as Forexmetal which end up being scams and members' funds cannot be withdrawn. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted July 31, 2023 Share Posted July 31, 2023 Proper money and risk management is essential in forex trading. We all know that forex is a risky market. So, trader should approach the market with proper caution. Otherwise failure is sure to come. I trade with Hotforex and never take more than 2% risk per trade according to my capital. That way I am surviving this since 2017. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 6, 2023 Share Posted August 6, 2023 Forex is worldwide business, in the big pool with full money it is common thing will there are some people entering the pool sometimes violating rules with scam other people to get money. If likely you find any offer profitable EA with guarantee profit or money back guarantee, check first deeply, because there are some traders experience stated money-back guarantee is only like a lump of sugar to make fruit, when they claim it the seller doesn't respond it. Quote Link to comment Share on other sites More sharing options...
Namu Posted August 8, 2023 Share Posted August 8, 2023 Forex is indeed a very global business, so everyone pays attention. Especially when you have an EA. And does the FXOpen broker provide it too? Is it safe for traders? Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 20, 2023 Share Posted August 20, 2023 On 8/8/2023 at 1:25 PM, Namu said: Forex is indeed a very global business, so everyone pays attention. Especially when you have an EA. And does the FXOpen broker provide it too? Is it safe for traders? FXOpen has included a broker that gives a good service, included help clients with services Automated Expert Advisors and Indicator Script Fixes for FXOpen International Clients!, Quote Link to comment Share on other sites More sharing options...
nanamage Posted August 23, 2023 Share Posted August 23, 2023 Forex is not a scam. But one of the bad brokers has become a scam like SuntonFx because they make all member margin calls. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 4 Share Posted January 4 On 8/23/2023 at 10:24 PM, nanamage said: Forex is not a scam. But one of the bad brokers has become a scam like SuntonFx because they make all member margin calls. Forex trading is a type of business that need many skills and we will need to learn and develop them in an Effective manner. Quote Link to comment Share on other sites More sharing options...
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