Discovering Forex Trading Fraud

July 27, 2013 by  
Filed under Forex Trading

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The foreign exchange market, being the largest and the most liquid on the planet, is a wonderful method of profiting from and an increased lot of people are getting involved in trading currencies as a means of earning a living. Because of the expanding appeal of the Forex market, forex trading fraud artists attempting to exploit the Forex gravy train likewise tend to increase in number. Below are four ways on how you can recognize these scam artists.

To begin with, you have to make sure that the United States Commodities Futures Trading Commission (CFTC), or its equivalent in your nation, certifies your preferred Forex brokerage company. Besides searching for the regulator’s certification on your broker’s website, you ought to speak to the CFTC, through their website, to determine the authorization of your broker. A number of Forex brokerage firms are already certified; nevertheless, do countercheck to prevent being victimized by these terrible and unsafe forex trading fraud.

Next, stay away from over-the-top cases that assure high revenues in no time. There is no easy money in trading currencies. It is without doubt that it requires a great deal of dedication, examination, analytical abilities, understanding of economics, and constant practice to become a skilled trader in the foreign exchange market. There is no short cut for gathering high revenues in the Forex market. Therefore, any scheme promoting outrageous assurances through unwanted calls ought to make you to begin being suspicious. For example, an advertisement saying “1,000 pips per day!” or “300 % revenues in 2 days!” sounds too good to be real.

An additional method of recognizing a forex trading fraud is when a promo guarantees little or no monetary risk in trading currencies. In any investment, there is constantly the risk of loss. And, Forex trading cannot be an exception. Forex Scam artists can give you false promises that your investment is safe and secure, or they will use your capital for trading in the “Interbank Market,” and so on. You have to keep in mind that these assertions are far from reality, because even professional traders cannot assure that they will not lose their cash in any given day. The foreign exchange market is somewhat unpredictable; therefore, you have to stay away from people who fall short to recognize this vital truth.

Learn how to improve your odds … for FREE!

April 6, 2011 by  
Filed under Forex review

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Six important times of the day to trade forex

August 7, 2010 by  
Filed under Videos Ever wonder where the money is in the forex? Are you often left scratching your head trying to figure out how youre going to carve out your daily ration of 20 pips? Are you worried about having to sit at your computer all day long waiting for good trades to set up? Well, turn your brain off, because in this video clip Im going to show you those six times of the day when you need to be at your PC. The rest of the time you can go golfing, fishing, or whatever else cranks your wheel, because the rest of the time the forex is not doing much of anything. So, why stare at your screen endlessly trying to force a trade that invariably goes haywire? Dont wait a minute longer. View the clip now, and start making money today. No fluff, no false promises just the stuff that works. Thats what our members have grown to expect from all the time, not just some of the time. See you at the bank, and at the top.