Quora is a question-and-answer site where questions are asked, answered, edited and organized by its community of users. One of the readers recently asked "Is Forex Trading Safe, Legal and Efficient?" And Evelyn answered -
Forex trading is legal and safe as long as you’re working with a reputable broker and you use a disciplined money management program. Whether or not it’s efficient depends on your trading mentality, your aforementioned money management plan, your work ethic and your preferred trading strategy. Trading forex is definitely a proven way to generate a full time income but only for a small percentage of the traders who engage in it. Those forex traders who are consistently profitable have a predefined set of trading rules and most importantly they have the discipline to hold to them.