forex.com isn't a scam. you are just paying a fee to swap curriencies.

it is legit but does involve some risk of course. you have to have some free time on your hands to watch the markets and keep up when trading forex.

<<<Is Forex a scam?>>>

Forex is not a scam, it is a market for exchanging currencies and derivatives on currencies.

A lot of products associatied with Forex trading are scams.

<<<I don't know if it's trustworthy>>>

Forex itself is. Most products associated with it are not.

<<<I don't know if … you can really make money with it?>>>

You can. You can also lose money with it. Forex trading is a zero sum game. For every dollar you one person makes another person loses a dollar. Once you include fees and expenses, the average return is less than zero, i.e. a loss.

<<<Do you have to invest a lot?>>>

You do not have to invest a lot of dollars, but every trader has drawdowns and if you do not start with enough money you will lose it all when you have your first significant drawdown.

If you want to make a profit trading on the Forex you probably do have to invest a fair amount of time learning how to trade. You can learn how to trade in normal markets without too much work, but to learn how to protect yourself when markets become abnormal you have to invest a lot more time.

<<<I'm looking for people who actually had experience with it.>>>

Sorry, I do not have actual experience with it. What I do have is
(1) experience with other derivatives
(2) some invetment in learning about Forex trading.

The time I spent convinced me I did not want to risk my money on it.

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the Internet. Most Forex websites are of questionable honesty.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Hi,

As a college student I was struggling to find some ways to make some spare cash, knowing I didn’t have much to invest initially.

After reading a lot of reviews of things I didn’t really believe, I stumbled upon some of the robots I thought looked more promising. I realized I would be at a huge disadvantage playing the market just by instinct rather than real calculations that others were using. The one I found that looked the most reliable was http://www.forexmegadroidsoftware.com

Reasons I chose it:

Developers had over 35 years of trading experience
Ability to adapt to any market condition
-This seemed to be the real unique feature
Claims of over 300% gains a month

After reviewing as many systems as I could find, I purchased this one. I only had a $1000 to invest, but tried it anyway. I honestly didn’t make a 300% gain, but I did increase my $1000 to ~$2300 in just under a month. I’d say that’s pretty good. Maybe larger investments could have greater gains, I don’t really know. I did have a few days with losses, but none were more than $55.

Just my honest review here, hope it helps