Is Forex Legit. And unfortunately, many newcomers to forex trading have unrealistic expectations about how it works and how profitable it can be. Without it, it would be impossible to easily and quickly acquire the currencies needed to import and export goods or conduct business on a global level.
Forex traders should beware of people who promise perfect trading strategies. The short answer to that question is yes, forex trading is a legitimate way to make money by investing in foreign currencies on the foreign exchange market. As such, Forex trading is a legitimate endeavour where investors buy and sell different currency pairs.
Unfortunately, scamming is quite rampant in the Forex world.
We have pointed out some reasons why Capital.com is a trustworthy forex broker; Capital.com official website.
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How is the Forex Market Regulated? No value is added through trading currencies which means there is the potential for increased risk of scams. Forex.co
m is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.