Is Forex trading a scam?

[boredpanda]

I'm new to investing and I'm trying to get some basic knowledge about the different types of investing out there. Everywhere I go, there seems to be an undercurrent of people who say Forex trading is a way to make good money. I think I understand it as trading currencies betting if one will go up or down against another. Is that right? I'd love it if someone could explain ti to me like I was 5 years old. I guess my big questions is whether Forex trading is a scam or not? Should I spend more time researching it, or is it an area I should completely ignore?

[jIM_Ohio]

I'm new to investing and I'm trying to get some basic knowledge about the different types of investing out there. Everywhere I go, there seems to be an undercurrent of people who say Forex trading is a way to make good money. I think I understand it as trading currencies betting if one will go up or down against another. Is that right? I'd love it if someone could explain ti to me like I was 5 years old. I guess my big questions is whether Forex trading is a scam or not? Should I spend more time researching it, or is it an area I should completely ignore?

Forex is real and is not a scam
it is volatile, and not for rookies

same for options-
trading options is real and is highly volatile, not for rookies

If you are looking to trade, I would learn by options before I did forex, and with options focus on conservative techniques like selling covered calls.

[snafu]

boredpanda, there is a huge difference between investing and gambling. As a gambler, you'll do better in LasVegas than jumping into trading currencies with the definition of yourself you've offered here. You need to learn to walk before you can run with the traders... 2015 is going to be a bumpy ride, I hope you'll take some time to read a couple of the excellent, quick read books often recommended here while you squirrel away every cent/franc/pound/Yuan you can manage so that you have the sums needed to open investment and trading accounts.

[lowriskinc]

Forex has been around for years and online advertisers are willing to pay a bundle for their visitors. That must mean something.

[JodieWRoberts]

Forex treading is not a scam. It is the largest financial market in the world with $2 trillion traded daily. But if you are thinking about entering to the world of forex then you should get some good training before sticking your toe there. you can also get help from good on-line sites.

[JanKlein]

No its not a scam. Its a proper business and many people are doing this business and earn very handsome earning