Foreign exchange is not a scam, because it is a currency exchange between countries and is supported by national credibility. Generally speaking, many people say that foreign exchange is a scam. This is because many criminals earn illegal gains by building foreign exchange trading platforms, resulting in no recourse for customers after losses. Foreign exchange has long been called a scam. Foreign exchange trading is a good investment tool. The reason why it is used as a scam is mainly because the domestic foreign exchange system has not been fully liberalized, so the formality of this industry can not be guaranteed at present, so it is used by criminals.

The foreign exchange scam is also very simple to say, but there are still many friends who are cheated. The main reason is the greed of these people. Many people only see the so-called high returns, but they don't see the high risks. Any investment has risks, and risks and benefits are often proportional. Imagine, if someone promises you some unreliable returns, how much income do you need to achieve to satisfy the result that you and he both make money?

Therefore, whether investing in foreign exchange or investing in stocks, futures and other products, don't believe what others say about high returns and low risks. In the investment market, we must always be alert to risks. If you are unfortunately deceived when investing, pay attention to collecting evidence and call the police quickly.

Matters needing attention in speculating foreign exchange

1, make good use of the financial budget, and remember not to use the funds necessary for life as capital. To be a successful foreign exchange trader, you must first have enough investment capital. If there is a loss, it will not affect your life. Remember not to use living funds as trading capital. Excessive financial pressure will mislead your investment strategy, increase trading risk and lead to greater mistakes.

2. Make good use of stop loss orders to reduce risks. When you trade, you should establish a tolerable loss range and make good use of stop-loss trading to avoid huge losses. The loss range should be set to 3- 10% of the total account according to the funds in the account. When the loss amount has reached your tolerance limit, don't make excuses to try to put all your eggs in one basket and close the account immediately. Set stop loss and take profit, so as to ensure that your losses are minimized, and of course, rebound is not ruled out.

3. Learn to implement the trading strategy thoroughly, and don't make excuses to overturn the original decision. The biggest fatal wound in trading is when you start to make excuses (when the loss has expanded) and think that the market may turn around at once. When you continue to think like this, you won't have the heart to end this position where losses continue to expand. You will only lose your mind and wait for the market to turn around. Please remember a simple rule: don't let the risk exceed the initially set tolerable range. Once the loss reaches the initial limit, don't hesitate to close the position immediately.