Saturday, May 8, 2010

Beware of Forex Scams

Forex (foreign exchange) market is not regulated with relatively high potential for high returns and the potential for loss. These two factors, a high potential for software and rules, has attracted scammers from all over the world. These scam artists use to steal Forex pikat force millions from investors who are not suspicious. Let me start by showing examples of scam Forex today.

What is needed is a few minutes on Google and I quickly found a Forex scam. Take this one for example: the Company has purchased Google advertising space and their site shows the first page of my search. Website read "Guaranteed 200% Interest Per Month", Minimum Deposit: $ 5000, Maximum Deposit: $ 999.999, Investments Length: 30 days Fast Production! "For the beginner Forex trader sounds good. All I can do is send them my money and I will soon make 200% per month - wow!

If you keep reading you find that the verbiage they use a lot of flowers to describe HOW they trade. They talk about "security" and stability fund "their companies. In the 'About Us' page they have a headline like "Professionalism", "Reliability", "Trust", and my personal favorite "The ability to process." Under "Process Capability" they wrote: "True reversal of exchange rate forecasts by using accurate analysis time our department, received the news, processing, and control the position of 'a technical and fundamental analysis;". It only takes 5 seconds to read the page for Forex traders to see the REAL scam, but to those who do not mistrust, which has been heard about the huge potential in the Forex, this is like a dream come true ..

So how to avoid scams and find the Newbie Forex Forex Forex real product?

1. First, remember the saying "if sounds too good to be true, this could be." No case of NO as promised back in the Forex furthermore promised 200% per month. Forex can be profitable but not easy, and VERY rarely have weekly consistency. If you look at Forex Forex companies, including automated systems to make claims like - be careful.
2. Two. The study presents the opportunity. In this case we discussed some time ago, just take quick look at the registration company's website to find out there is inconsistency in the story. This website was registered in July this year, but the company claims to have started in June. In addition, they have forged business contact information in the registration on their site.
3. Do not ever let money control you. In Forex, you should NEVER to send money to someone other than the full set Forex broker. If you decide to have someone to manage your funds for you, you still maintain control of your funds and forex accounts.
4. Speak to the people behind the Forex advantage. Forex Many opportunities are fully valid. If the opportunity is legitimate company will be more than willing to speak with you directly. Do not ever invest in the Forex each product without having to contact the individual responsible for the product.
5. Does the company disclose the risks involved with Forex trading? Forex is a risky investment. If the company refuses to admit that they misled you. No matter whether you are considering forex managed accounts, automated Forex trading system, Forex education, Forex trading signals, Forex or other products. If they offer you something to do with Forex, they MUST disclose the risks to your Forex trading.
6. Do not let emotions get the best out of you. There was something about the possibility of making 200% per month promised. This excitement often blinds people from reality. They want to believe SO bad that there is something obvious that they ignore the obvious.

Forex is a legitimate investment opportunity. Thousands of Forex traders make a significant living trading the Forex market everyday. However, do not let yourself get stuck in the Forex scams that seem too good to be true. Because they live. Use a healthy mind and give me tips above to prevent the next victim of Forex scam.

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