Nope! Tik Tok is a new concept and has no connection with forex. Since it’s a social media platform, it carries the same pros and cons of platforms such as Fabook and Instagram .
All That Tik Tok can do is make newcomers believe how easy it is to make money through forex and how fake gurus can help them. And I think it’s easier to attract people to make money than to dance.
at the moment tiktok plays an important role for crypto trader, this is sounds odd but really a true fact.
In Tik Tok also has opportunities to get earning from videos like as youtube but in different ways, however, the forex business is different from Tik Tok video, this challenging business, but if you have many followers and views video, it can give more chances to get earning.
Not at all! Like all other social media platforms, Tik Tok can help new traders understand about the market with short videos. However, there is also a potential risk where scammers will try to lure newcomers and benefit from them.
Tik Tok has the power to influence today’s youth. In fact, they get most of the updates from this app only. So, I guess Tik Tok can help brokers find new traders who are looking for a way to make money.
I can’t deny that many traders around the world get to know about forex through Tik Tok. But they better not believe in all that Tik Tokers tell them about the forex market. Trading is not as easy as mimicking, singing, or dancing.
I don't think TikTok will ruin forex. This is another way that traders use to talk about their trading strategy with some fun elements, making it easier for others to understand.