Is Forex Multi-Level Marketing? (MLM Forex)

What is Multi-Level Marketing (MLM)?

Multi-level business abbreviated: MLM, also known as Network Marketing.

Multi-level marketing is a general term used to refer to a method of marketing products. This is a business activity, direct sales that consumers can directly buy goods at the company or through a single distributor without having to go through agents or retailers.

MLM is a system where there is someone on the upper side who gets the most profit from that system.

MLM is centralized system where all participants works for themself but also for someone on the top.

Multi-Level Marketing and Forex

Here are comments from some experts:

1. Forex is MLM

"FOREX" is Foreign Exchange trading. It's a legitimate business practice that banks and large companies use to balance how much of a country's currency they are holding.

Basically you buy and sell money and try to profit from the difference between the exchange rates in different countries ... if you can buy 10,000 Argentine pesos for $100.00 USD from France and sell them for $100.05 to Singapore, you have made $.05 and Singapore has some pesos they needed, and France no longer has a surplus ... do it enough times and you have made good money.

Here's the scam:

To do FOREX, you need to be a member of an "exchange" and have a trading account ... these "opportunities" are renting the use of their account, and the access to very specialized trading software. And often charging a commission on any gains. So they make money even if you lose it.

They will give FREE access to their account to someone who recruits a couple of full-pay victims ... so your friend from high school just wants you to sign up to minimize his costs.

And the exchange charges a "small trade" fee for trades that are too small, and their idea of "small" is large. A standard lot is a 100,000-unit lot. That is a $100,000 trade if you are trading in dollars, 100,000 euros, or 100,000 of whatever currency you are working with.

Real FOREX traders have degrees in economics and often politics, are trained by their employers, have really fast Internet connections, have the best computers and software, and aren't risking their own money.

Also there are TONS of "entrepreneurs" that build MLMs around Forex, selling "conferences", "coaching" and "classes" and other resources to help people with Forex - and obviously those resources are a scam. Then they flex the lifestyle either by faking it or by using the many they got from the people they fool and claim its from Forex. No actual trader will act or "coach" like that.

2. Forex is not an MLM

Forex is decentralized system where there is no central exchange that monitors all transactions.

Forex is spread all around the globe. It is based on the internet market network and participants use internet platform to make a trade.

Let me approach your question of whether the Forex is an MLM this way.

First, A MLM stands for mult-level marketing. As you know, simplistically stated this is a business model that has one business (or individual) sponsor (or market) to another business (or individual) to generate revenue and to extend the business. This process is repeated and ultimately what can result in a many level of business structure, hence multi-level marketing.

Second, the Forex is composed of various and largely decentralized players that make up the market. There are the basal infrastructure entities that provide the core servers. There are different entities that interface with the infrastructure. If big enough they interface directly. If not they use an aggregator that consolidates the actions of many smaller accounts to interface at an appropriate level with the core infrastructure. An so on. Essentially, these are separate entities not related, not sequentially oriented, etc. Meaning, they are not in a multi-level structure. Largely they are independently operating entities acting in their own role or their own self interest.

Lastly, there are some entities at the retail level of Forex education, access, etc. that sell their educational and other services in a multi-level marketing business structure. One business (or individual) markets Forex education, etc. services to another individual (or business). As this structure propagates then a multi-level marketing structure is established.

So, this is what I really want to say. The Forex is not a multi-level marketing or MLM structure. Some retail level Forex interfacing organizations can operate by multi-level marketing models. My recommendation is to avoid such entities for access to the Forex market. There are plenty of other educational and facilitation groups that can help you learn to access the Forex market without dealing with the unique characteristics of a MLM.

I have a significant concern with a MLM structure as an interface to the Forex market. An MLM education and business structure is fine when you are marketing shampoo, diet bars, T-shirts, etc. Meaning these are simple products that do not rely on expert knowledge, expert systems, etc. In a Forex based MLM, the focus of the organization is usually observed to be too much on marketing and too little on actual trading education, skill, and trade psychology development. In the Forex, there is no room for compromise in trade skill and trade psychology development. I consider MLM organizations retailing Forex education to be worrisome. I understand this is my perspective and there will undoubtedly be those that disagree, but I believe my concerns are well justified.

3. My idea: Forex also has the form of becoming MLM

As long as Forex is a commodity, everything can be put into business. So Forex is also MLM if they consider it a product of a multilevel system. Forex is not an MLM if it operates in a decentralized fashion.

Forex itself is like trading money, buying money and selling it back. But to treat money as a commodity the way multi-level business works is definitely a scam.

Money is also a fraud tool of the elite. Because they use it to bribe the powers that run the country by printing money.

So it can be said that Forex is not a good way to do business. And moreover, it creates no real product value.

Only the elite, the tycoons of the banking tycoons, who control the global money are the real hegemons of Forex. So Forex players can become rich, but they will not be able to become billionaires like Bill Gates.

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