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FOREX trading tutorials - How to avoid
Forex Scams
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In this tutorial we will discuss some
more Forex scams and how to avoid them.
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Here is a list of points to look out for to avoid Forex trading scams:
- Claims that a system is "no loss"
- Claims that a system is "100% guaranteed"
- Claims that Forex trading is low risk and high return
- Promise or easy or fast money
- Claims that a system will offer very high returns
e.g. 60% with low risk because of a new or proprietary trading
technique that only a few clients will be able to learn
- Claims that a system will make you a certain amount
of money every week guaranteed.
- Forex brokers that ask for personal and banking
information just to signup for a demo account. In some cases the Forex
broker website has been setup just gather personal information that can
be used for identity theft.
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