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Leverage is a scam - Forex brokers are electronic scams

By Woodpecan, March 3, 2022 in Scams Alert

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Cybork 34

Posted March 3, 2022

Personally, I do not trust brokers who offer leverage greater than 500 because it is too risky for both the business and the traders.

Just my two cents, banks do not provide high leverage because they are unwilling to take on the risk, whereas brokers are willing to risk their capitals and investments in this, which is how brokers play an important role in this supply and demand market.

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FOREX trading carries a high level of risk and may not be suitable for all investors. Leverage increases risk and loss exposure. Before you decide to trade foreign exchange, think about your investment goals, level of experience, and risk tolerance. Your initial investment may be lost in part or entirely. Do not put money into investments that you cannot afford to lose. Educate yourself on the risks of foreign exchange trading, and if you have any questions, seek advice from an independent financial or tax advisor. Any data and information is provided "as is" for informational purposes only and is not intended for trading or advice. Past performance is not a predictor of future outcomes.

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