3TYPES OF SCAM ALERT IN FOREX

 

TOP 3 Fraud Schemes in the Forex Market

 

 

it is easy to get scammed as a retail Forex trader but that does not have to happen to you the best silver bullet against Forex vampires is to remember that no one has anything to give away there is no such thing as a free lunch if someone promises you huge returns for little time and money invested it likely is a scam if it sounds too good to be true it likely is there are many ways to scam in Forex but some scams are more common than others you should always watch out for these and to give you an idea below are the top three Forex scams you should absolutely remember

ONE PHONY FOREX FOUNDS.

the bernie madoff of retail forex scammers try to convince you to invest your hard earned money in their foreign exchange funds managed by expert traders unfortunately many of those expert traders are experts only at sweet talk to separate you from your money you can count yourself lucky if they just take your money invest it and lose it some scammers add insult to injury by not even ever investing your money but are running one huge ponzi or pyramid scheme where there is no way for the victim to ever make money where every last cent that is not paid as fake profit to lure the next layer of suckers is spent on the scammers luxury cars yachts and mansions you will never see your original investment again apart from a couple cents on the dollar to make you and your friends the next prospective victims think that the scheme is profitable

TWO MIRACLE FOREX SOFTWARE.

this one should be easy to spot for you by now if you have already gone through our forex course the scammers will offer you get rich quick miracle software for sale software that somehow beats the foreign exchange market and makes you rich but as you know that you cannot have something for nothing you will not fall for it if the software did work as advertised why would the scammers sell it why don't they use it themselves and get rich quick the only ones who get rich quick in this scheme are the software sellers if they do not get caught first

 THREE FOREX SIGNAL SELLERS.

there are those that would sell you a subscription to a forex signal service you pay a fee per week or per month to receive signals from expert traders unfortunately most of those signals are less reliable than your broken old wind-up alarm clock which is right two times a day two times more than most such signal services that is little wonder as those experts may be experts at many things but not really at currency trading the signals you get will be mostly useless to you often you might just as well flip a coin conclusion but whatever way they try to con you remember your worst enemy is not the con man but your own irrationality which makes you ignore all the red flags which tells you that you can win an infinite amount but lose only a hundred percent and most importantly that which convinces you that you do not need to do the necessary due diligence to succeed at something