redwormcompost's picture
From redwormcompost rss RSS  subscribe Subscribe

Forex Scams - How to Spot Them A Mile Away 

Earn up to thousands of dollars per month.
At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin growing your potential earnings in three ways...

1. A free, managed forex account.
2. Sign-up bonuses (up to $100 per person).
3. Monthly commissions ($10/month per person)

Sign up today and invite a few friends to watch your launch group and potential earnings start growing. To learn more about launch groups, see how it works.
It's quick, free and easy to join. Plus, it's fun to watch your launch group grow! http://tinyurl.com/75va9ox

 

 
 
Tags:  What is Forex  Choosing a Forex Broker  Forex System  Forex Signals 
Views:  26
Published:  May 25, 2012
 
0
download

Share plick with friends Share
save to favorite
Report Abuse Report Abuse
 
Related Plicks
forex trading company

forex trading company

From: carlton
Views: 1195 Comments: 0

 
An Alternative to Having a Managed Forex Account, Forex Signals

An Alternative to Having a Managed Forex Account, Forex Signals

From: redwormcompost
Views: 32 Comments: 0
Earn up to thousands of dollars per month.
At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin g (more)

 
online forex account

online forex account

From: robrodri10
Views: 78 Comments: 0
Forex AutoMoney is a Forex trading system which works mainly by delivering Forex trading
signals, also known as indicators, which tell you which currency pair to trade. In other words,
it takes the (more)

 
Forex Introducing Broker

Forex Introducing Broker

From: redwormcompost
Views: 40 Comments: 0
Earn up to thousands of dollars per month.
At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin g (more)

 
Forex Registration

Forex Registration

From: redwormcompost
Views: 35 Comments: 0
Earn up to thousands of dollars per month.
At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin g (more)

 
forex system

forex system

From: robrodri10
Views: 64 Comments: 0
Forex AutoMoney is a Forex trading system which works mainly by delivering Forex trading
signals, also known as indicators, which tell you which currency pair to trade. In other words,
it takes the (more)

 
See all 
 
More from this user
Information on the Mortgage Relief Act

Information on the Mortgage Relief Act

From: redwormcompost
Views: 378
Comments: 0

Getting A Forex Trading Account That Fits You

Getting A Forex Trading Account That Fits You

From: redwormcompost
Views: 306
Comments: 0

Homemade Aquaponics System

Homemade Aquaponics System

From: redwormcompost
Views: 391
Comments: 0

iZigg Mobile Review - Does iZigg Mobile Marketing (90210) Really Work

iZigg Mobile Review - Does iZigg Mobile Marketing (90210) Really Work

From: redwormcompost
Views: 311
Comments: 0

Does Aquaponics Really Work A Brief Explanation Of Aquaponics Systems

Does Aquaponics Really Work A Brief Explanation Of Aquaponics Systems

From: redwormcompost
Views: 324
Comments: 0

 
See all 
 
 
 URL:          AddThis Social Bookmark Button
Embed Thin Player: (fits in most blogs)
Embed Full Player :
 
 

Name

Email (will NOT be shown to other users)

 

 
 
Comments: (watch)
 
 
Notes:
 
Slide 1: ==== ==== Earn up to thousands of dollars per month. At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin growing your potential earnings in three ways... 1. A free, managed forex account. 2. Sign-up bonuses (up to $100 per person). 3. Monthly commissions ($10/month per person) Sign up today and invite a few friends to watch your launch group and potential earnings start growing. To learn more about launch groups, see how it works. http://tinyurl.com/75va9ox ==== ==== In recent years, investors have witnessed increased number of investment opportunities and offerings. While the complexity and success of these investment products vary, technological innovation has made the Forex market one of the fastest growth areas. Many of the leading Forex brokers reported up to 500% rise in the number of new retail customers. However, the growth of the Forex market has been accompanied by a sharp rise in foreign currency trading scams. Many of these Forex scams are promoted on the radio, television, newspapers and the Internet. Investors who fall victim to these schemes, often lose all of their money. As an illustration, let's examine the facts of a recent case involving Forex fraud and its consequences. W learned of a foreign currency trading opportunity through an infomercial on the radio. K, the owner of a Forex asset management firm, spoke during the infomercial, promising viewers significant profits with minimum risk. After seeing the infomercial, W contacted K, and later attended a seminar presented by K and his firm. The seminar was so convincing that W wrote a check to K for $100,000. Several months later, W received statements (which were false) from K's firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K's Forex trading operation. Short while after W's second investment, the Securities and Exchange Commission filed a complaint against K and his firm for engaging in a scheme to defraud investors. K's firm's assets were frozen, including the $900,000 invested by W. A receiver was appointed to distribute the remaining assets of K's firm to defrauded investors. The assets were distributed on pro-rata basis with no legal preference given to any of the victims. Since K's firm's assets were not enough to satisfy all of the defrauded investor's claims, W received only about $22,000 of the $900,000 he invested. Since a whole book can be written on the various tactics and methods used by Forex scam artists, in this article, I will focus on the major warning signs that one needs to identify to avoid falling victim to Forex swindlers. 1. Promises of Little or No Risk If you encounter a Forex firm that claims to have developed a foreign currency trading strategy
Slide 2: that carries very little or no risk, stay away. The reason Forex trading can be very profitable is because it also carries a very high risk of loss. The Forex market is very volatile, and, without good money management, an investor can lose most if not all her capital within few days. Thus, individuals and firms who make claims that are far from market realities, as is riskless Forex trading, are really after your money. 2.Guarantees of Large Profits Beware of firms that guarantee large profits in Forex trading. These so called "guarantees" are mere ploys to entice investors and make them believe that their money is safe and that they will definitely make large profits. Such claims are simply untrue, because even the best professional traders cannot guarantee that they will make a profit any given day. The Forex market, as most financial markets, is very unpredictable. Hence, be suspicious of such claims and those who make them. 3.Employment Ads For Forex Traders Many Forex trading firms use employment ads to attract individuals with capital to trade using their systems. The employment ads, which often appear in newspapers and on the Internet, state that a foreign currency trading firm is looking for individuals to teach how to trade the foreign currency market using firm capital. Those who reply to the ad are convinced by the firm that they will make a fortune trading currencies if they participate in the firm's training program. During the training process, which often occurs on a demo system, the novice traders are encouraged and told that their demo trading records show that have made significant profits, that they are ready to make real money and would very successful. Despite the firm's assessment of the novice trader as a brilliant newcomer, no firm capital is provided to the trader, instead the excited novice is told to use her own capital to trade using the firm's platform. In addition to various fees imposed on traders using the firm's platform, the Forex firm makes money as an introducing broker. Each time the novice trader trades through the firm's system, a good part of the spread charged by the broker is shared and goes into the firm's coffers. After few months, the novice trader loses all of her capital and leaves. The Forex firm, having made money during the novice trader's short stint, moves on to new traders eager to become rich trading foreign currencies. 4.Is the Forex Firm a CFTC or NFA Member Before you sign a check and give your capital to a Forex company, make sure you investigate the entity. Check to see whether the Forex firm, with which you plan to do business, is registered with the United States Commodity Futures Trading Commission or the National Futures Association. Many scam artists falsely claim that their firms are registered with the CFTC or the NFA to gain a prospective investor's trust. Do not trust anyone, research the firm and the background of the individuals involved before parting with your hard earned money. The Internet has paved the way for many new opportunities for retail investors. The Forex market is both exciting and fast paced. Investors who are careful and diligent are likely to avoid the perils of this market, and will profit from the opportunities foreign currency trading has to offer.
Slide 3: Please visit [http://www.forexmoney.net], Forex trading courses taught by the pros. Article Source: http://EzineArticles.com/?expert=John_Bekian ==== ==== Earn up to thousands of dollars per month. At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin growing your potential earnings in three ways... 1. A free, managed forex account. 2. Sign-up bonuses (up to $100 per person). 3. Monthly commissions ($10/month per person) Sign up today and invite a few friends to watch your launch group and potential earnings start growing. To learn more about launch groups, see how it works. http://tinyurl.com/75va9ox ==== ====

   
Time on Slide Time on Plick
Slides per Visit Slide Views Views by Location