Can forex be manipulated by scammers?
Welcome!
This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.
This question has been flagged
15
Replies
486
Views
No. The forex (foreign exchange) market, like any financial market, is not immune to manipulation attempts by unscrupulous individuals or groups. Forex manipulation typically involves deceptive practices aimed at influencing currency exchange rates for personal gain.
yes, it can be manipulated by evil scammers. They do exist even in the trading industry. They can manipulate and create a "too good to be true" trading platforms and attract traders.
It is best to monitor your accounts to spot any suspicious changes in your account. You can also abate these by always fact-checking and looking for reliable sources to avoid fake news. Forex is a great environment for riskers and investors but you should always be cautious and wise all the time.
no
No, there's no such scammer can manipulate the Forex market but scammer can use it to scam people. So, stay safe and be cautious.
Yes
No
Yes, you can be scammed when trading forex.
No
No
no
No
no
No
No
The forex itself cannot be manipulated but the accounts, possible.