text: Forex is not a scam its a market, like the stock market only forex is currency. If you are talking about software that tells you when to buy or sell curreny, that is a scam. \n\nThe currency exchange market is a very nessisay part of the U.S. economy, without it international trade could not be done using currency they would have to barter, exchange goods for goods, which in nearly impossible. \n\nIf you want to trade Forex it can be very profitable but very risky, many ways to limit risk one is to invest money in say short term foreigh investments but engague in forwads to guarantee an even higher return by locking in a forward greator than spot.