Forex Scams – What Do I Look For?
Written By: Ray Caran
Forex Brokers scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market.
In this type of case, investors may be promised many thousands of dollars in profits in just a few weeks or months. Often with an initial investment of $5,000 or less you will get rich. The investor money is never actually placed in the market through a legitimate dealer, but simply diverted, stolen for the personal benefit of the con artists.
Be aware that there is a unique organization - The United States Commodity Futures Trading Commission (CFTC). This agency regulates the trading of Forex currency, commodity futures and options contracts in the US and fights against companies involved in illegal or fraudulent sell of currency, commodity futures and options.
I use Fap Turbo Expert Guide and have had great success. Click Here For Info
How do I protect myself?
There are five essential aspects of foreign currency market a beginner trader should be aware of:
Forex Fundamental Analysis
Forex Technical Analysis
Money Management
Forex Trading Psychology
Forex Brokerage
Understanding these five aspects will help you to successfully invest in the Forex Market and not get scammed.
Here are five ways to help you find the best Forex broker and avoid Forex scams:
1. Find out if the broker's company is a registered futures commission agent. Get the brokers NFA ID number. Beware of dealing with affiliates who may be associated with legitimate brokers but operate on their own.
2. Make certain the registered FCM has substantial assets. The minimum required by the NFA is $250,000.
3. A 3 to 5 pip spread is normal in liquid markets, such as the major currency pairs, and fees are typically charged on only the buy side.
4. Requotes should be rare. If you get requoted more than a couple of times per year, something is fishy.
5. Get a good information provider, and compare the brokers offer in the open market with others. Is it in step with the market? Or is it off? If it is off, they might be trying to profit from that difference.A
As I stated earlier, Fap Turbo Expert Click Here For Details help you to avoid being scammed.
Most Forex fraud and commodity fraud is committed by firms located in South Florida, Southern California or outside the United States. Russia is currently a major source of investment fraud. Never make a check or bank wire payable to ANYONE other than a FCM registered with the NFA.
A high number of cases of Forex fraud is instigated by firms located in the United States and brokers of the firm and were at one time registered with the National Futures Association and have had their licenses revoked.
You can spend a lot of money to download programs that have promised to make you tons of money. Do your research and look into Fap Turbo, Details, you won’t be sorry.
Sunday, March 14, 2010
Thursday, June 12, 2008
An Explanation Of How Forex Trading Works
I had recently become interested and therefore started reading about buying and selling currency.It's called Forex Trading.
Like most folks I have read about huge possible profits in buying and selling different nations currency. I searched many forums where a lot questions were asked about this investment system. I remember thinking that most questions were basically what is Forex Trading and how does one make money from it?
It was then I decided to write this article and explain briefly what it is and how it could be used. If this investment system interests you I suggest you research further before investing your money.
WHAT IS FOREX ?
The Foreign Exchange, called "Forex" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. It is many times larger than the New York Stock Exchange.
WHAT IS TRADED ON THE FOREX EXCHANGE?
The easy answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD). The major currency pairs are the Euro Dollar (EUR/USD); the British Pound (GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF). Because there is no central exchange for the Forex market, these pairs are traded over the telephone and online through a global network of banks, multinational corporations, brokers and currency traders.
BENEFITS OF FOREX TRADING:LEVERAGE:
When you trade in the Forex market, a small margin deposit can allow you to control a much larger total contract value. Leverage gives the trader the ability to make very nice profits and at the same time keep the risk of losing your cash to a minimum.
LIQUIDITY:
Because the Forex Market is so very large, it is normally very easy to sell and turn your trade to cash. This means that by clicking your mouse you can quickly buy and sell.
PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS:
One of the most exciting advantages of the Forex market is the ability to generate profits whether a currency pair rising or falling.24HRS: From Sunday evening to Friday Afternoon EST the Forex market is open for business.
DEMO ACCOUNTS:
These are available so you can practice without the chance of losing any capital.
In Forex Trading, there is a bid price and an ask price, and the difference of the two is called the spread. The bid is the price at which buyers are willing to buy, and the ask is the price that sellers are willing to sell at any particular time.
The prices are always 5 digit numbers, and it doesn't matter where the decimal is placed. For example, GBP/USD (British Pound) has a bid price of 1.3745 and an ask price of 1.3748, thereby yielding a 3 pip spread.
A long position is a trade when the investor buys a currency at one price, with the expectation of selling it some point in the future at a higher price. A short position is one in which the investor sells a currency with the expectation of buying it back at a lower price, expecting the currency to fall.
If you have found this subject at all interesting I suggest you research Forex Trading and really understand this format before investing.
You will find some very exciting systems available that will put your Forex Trading on auto pilot.
The Forex Tracer Program is one that deserves further investigation. Read About Forex Profits While You Sleep
Like most folks I have read about huge possible profits in buying and selling different nations currency. I searched many forums where a lot questions were asked about this investment system. I remember thinking that most questions were basically what is Forex Trading and how does one make money from it?
It was then I decided to write this article and explain briefly what it is and how it could be used. If this investment system interests you I suggest you research further before investing your money.
WHAT IS FOREX ?
The Foreign Exchange, called "Forex" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. It is many times larger than the New York Stock Exchange.
WHAT IS TRADED ON THE FOREX EXCHANGE?
The easy answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD). The major currency pairs are the Euro Dollar (EUR/USD); the British Pound (GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF). Because there is no central exchange for the Forex market, these pairs are traded over the telephone and online through a global network of banks, multinational corporations, brokers and currency traders.
BENEFITS OF FOREX TRADING:LEVERAGE:
When you trade in the Forex market, a small margin deposit can allow you to control a much larger total contract value. Leverage gives the trader the ability to make very nice profits and at the same time keep the risk of losing your cash to a minimum.
LIQUIDITY:
Because the Forex Market is so very large, it is normally very easy to sell and turn your trade to cash. This means that by clicking your mouse you can quickly buy and sell.
PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS:
One of the most exciting advantages of the Forex market is the ability to generate profits whether a currency pair rising or falling.24HRS: From Sunday evening to Friday Afternoon EST the Forex market is open for business.
DEMO ACCOUNTS:
These are available so you can practice without the chance of losing any capital.
In Forex Trading, there is a bid price and an ask price, and the difference of the two is called the spread. The bid is the price at which buyers are willing to buy, and the ask is the price that sellers are willing to sell at any particular time.
The prices are always 5 digit numbers, and it doesn't matter where the decimal is placed. For example, GBP/USD (British Pound) has a bid price of 1.3745 and an ask price of 1.3748, thereby yielding a 3 pip spread.
A long position is a trade when the investor buys a currency at one price, with the expectation of selling it some point in the future at a higher price. A short position is one in which the investor sells a currency with the expectation of buying it back at a lower price, expecting the currency to fall.
If you have found this subject at all interesting I suggest you research Forex Trading and really understand this format before investing.
You will find some very exciting systems available that will put your Forex Trading on auto pilot.
The Forex Tracer Program is one that deserves further investigation. Read About Forex Profits While You Sleep
Wednesday, June 11, 2008
FOREX PROFITS WHILE YOU SLEEP
There are huge profits to be made by investors utilizing a program called Forex Fap Turbo. This program works while you sleep, vacation or just go out for ice cream.
Why is Forex Fap Turbo different? They want to keep their site clean, no popups, no 'save a sale', no talking person on the screen distracting the message... They did their research well and the sales are much better without all that fluff - just straight goods and a formula that works - a great price and no deviation or silly marketing tricks.
FREQUENTLY ASKED QUESTIONS What if I have never even tried the Forex markets, is this going to work for me?
A: Of course! The Forex Tracer is unlike other systems because it is designed to autopilot and help newbies and experienced traders alike. It's actually quite easy to submerse yourself into the system to understand it within minutesClick Here For Info Do I need a large capital to start this program or to start trading?
A: This depends on which broker you use - however one usually can start to trade with a nominal $500.
Though this is the minimum, this is not ideal. Remember - you get unlimited demo use (meaning you can play for free with fake money until you prove to yourself that your picks are winners), so you can prove profit before dumping any money at it - to see some real results fast - we usually see people investing 3K-5K USD - which is now somewhat traditional for new comers.
Is this complicated to mesh with my current metatrader account?
A: Not one bit! It's actually quite simple to import and drag/drop the tracer into your metatrader account. Once it's in there, YOU HAVE NO IDEA how lucrative this tool is going to be! Our students usually import and start playing with it moments after downloading it, you can too.
Do the signals work with intraday trading?
A: Of course :) It supports 30 min up to date trading. Click Here For Info Don't I need a super computer for this kinda stuff?
A: We get that question a lot - however no - all you need is a RELIABLE connection. I will say that to stay as current as possible - having a cable modem, or dsl is MORE than enough to be on top of your game down to the most recent trade.
Sounds great! Now what if I download it and am not happy with it?
A: Simple - We are SO confident with this system - that I even offer a FULL 60 DAYS risk FREE! That's right, if you are not satisfied in ANY way from now until 60 days from now - I will demand that you let me refund you 100% of your money straight from my bank account back to yours. All I ask is that you give it your 100%, my guess is you will not only be 'happy' with your tracer, but the only thing you'll be emailing me is a 'thank you' for potentially changing your lifeClick Here For Info
Why is Forex Fap Turbo different? They want to keep their site clean, no popups, no 'save a sale', no talking person on the screen distracting the message... They did their research well and the sales are much better without all that fluff - just straight goods and a formula that works - a great price and no deviation or silly marketing tricks.
FREQUENTLY ASKED QUESTIONS What if I have never even tried the Forex markets, is this going to work for me?
A: Of course! The Forex Tracer is unlike other systems because it is designed to autopilot and help newbies and experienced traders alike. It's actually quite easy to submerse yourself into the system to understand it within minutesClick Here For Info Do I need a large capital to start this program or to start trading?
A: This depends on which broker you use - however one usually can start to trade with a nominal $500.
Though this is the minimum, this is not ideal. Remember - you get unlimited demo use (meaning you can play for free with fake money until you prove to yourself that your picks are winners), so you can prove profit before dumping any money at it - to see some real results fast - we usually see people investing 3K-5K USD - which is now somewhat traditional for new comers.
Is this complicated to mesh with my current metatrader account?
A: Not one bit! It's actually quite simple to import and drag/drop the tracer into your metatrader account. Once it's in there, YOU HAVE NO IDEA how lucrative this tool is going to be! Our students usually import and start playing with it moments after downloading it, you can too.
Do the signals work with intraday trading?
A: Of course :) It supports 30 min up to date trading. Click Here For Info Don't I need a super computer for this kinda stuff?
A: We get that question a lot - however no - all you need is a RELIABLE connection. I will say that to stay as current as possible - having a cable modem, or dsl is MORE than enough to be on top of your game down to the most recent trade.
Sounds great! Now what if I download it and am not happy with it?
A: Simple - We are SO confident with this system - that I even offer a FULL 60 DAYS risk FREE! That's right, if you are not satisfied in ANY way from now until 60 days from now - I will demand that you let me refund you 100% of your money straight from my bank account back to yours. All I ask is that you give it your 100%, my guess is you will not only be 'happy' with your tracer, but the only thing you'll be emailing me is a 'thank you' for potentially changing your lifeClick Here For Info
Subscribe to:
Posts (Atom)