The world's currencies are traded on the Forex market, a reputable exchange. It is not fraud on its own. Without the Forex market, it would be challenging to exchange the currencies required to purchase imports, sell exports, travel, or conduct international business. However, because there is no centralized or regulated exchange and because high leverage positions theoretically have the potential to make significant money for traders, scammers take advantage of the absence of regulation to target novice traders who want to enter the market. Because the forex market is a "zero-sum" market, in order for one trader to profit, another dealer must lose money. As a result, the forex market does not by itself increase market value. The undercapitalized trader is always likely to lose because the majority of currency movements are controlled by huge, well-financed corporate institutions and banks that have a thorough understanding of the financial markets. to such Institution...
