Do you think the Forex industry should be classed as a scam and shut down?
Firstly the company that promotes the binary options and the Forex broker is not the same thing.
Many traders lose their money, because they want to earn much without special trading skills and knowledge. And earn fast.
Yeah, I heard a lot about the bad experience with the Forex broker. But again, very often due to the fact that people tried trading without any previous practice or learning.
And in case you choose Forex broker, the good idea would be to find information about the regulation, get more details about trading terms and try yourself with the demo account. It`s the same trading, but with the virtual money.
Also, if you don`t want to invest your own money, try yourself as IB partner. As IB partner, you need to promote broker service in internet (social networks, website, blog and so on) the main point is to attract traders to conduct trading.
That`s how the page with the information about the broker regulation looks like.
And the way, how to earn as IB partner, without investment.
https://justforex.com/partnership/introducing-broker/?afm=152b31
I trade FOREX. I think without training and experience you going to sink money. But that's the freedom we have. It's better people lose money because of their ego than it is that we have to meet regulations to trade.
You are 100% right.
But you don
t need to lose your money, if you are introducing broker. Just chose a correct broker with nice trading benefits and commission for your promotion and cooperete with them as a partner. IB Its a nice program with a commission and without investments from your side.