^True.
But besides such hyped-up claims (which set up false expectations among wannabe forex traders), there's one other reason that forex trading has gotten such a bad name.
I'm referring to numerous "high yield investment programs"-- enticing small investors with the promise of earning, say, 35% daily for 4 days--that use forex trading as a cover for what, in reality, is simply a Ponzi scheme.
The truth is, profits can NEVER be guaranteed in trading. If anything, this must be seen for what it is: as a red flag serving to warn people to stay away.