Forex is not a scam. If you don't have proper knowledge about the market, you have to face losses in every business. In the forex market, you need proper knowledge and experience to make money.
The forex market is the best place to earn money. But to earn money from this place you need to have the proper knowledge and experience about the market.
It is not a wise decision to stay all time in trading. If you want to make money from this market, you need to make the right decision at the right time.
The readymade strategy may not suit you. Every trader has different types of trading qualities. So, it is better to customize your strategy if you want to make money from this market.
You need both knowledge and broker to trade in this market. Without a good broker, you can not trade in this market. On the other hand, without proper knowledge. you can not survive in this risky market.
Loss is a common thing in the forex market. If you want to become successful in this market, you need to have a proper plan to make deal with the losses.
As leverage is a kind of borrowed money, it will be very risky to use it without proper knowledge. But if you have proper knowledge about the whole process, you can make money from this market by using high leverage.