IS THERE A “Forex scam”?

I wish here to present my opinion on the possibility of making money or not on the forex market. It is a market that is becoming increasingly fashionable in recent years with the emergence of many new brokers.

Many beginners fail quickly because they all do the opposite of what would be appropriate to make money. They use a highly leveraged (up to 400 in some brokers), encouraged by some intermediaries not very ethical, want to make money quickly and all this without having a specific trading system or any training.

You understand that in reality, such an approach is doomed to failure. The reason is simple: The ingredients of success will have an advantage over other market participants with a positive expectation system with a detailed plan for different scenarios and a money management that will always be absolutely respected. 

Another key factor often forgotten is the trader himself (it is the trader who makes trades and who has time or not to place stop-loss orders) and his attitude to markets and chess. A feature found in all major traders is that they have failed many times before always bounce without leaving room for doubt. It makes a big difference with most novices after one or two failures will leave by saying that it is not possible to win. Some even speak of a “  forex scam  ”, which seems somewhat excessive.