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Forex Trading Info And Frauds: What You Need To Know

By Areelitaha Joahlanski

The Forex market is becoming increasingly controversial as individual traders complain of scams. There are a number of various claims made against the large banks and Forex brokers. You will find also schemes run by fake companies to steal money from people. Forex trading info and scams are common so it’s a great idea to have lots of quality info prior to trading in Forex.

An investigation by the Commodity Futures Trading Commission found that individual traders lose around fifteen thousand dollars each on Forex. You will find a number of reasons for this but you should always bear in mind that the market is a zero sum game. It does not produce wealth so if you are winning someone else is losing and vice versa.

In recent years many people have been prosecuted for setting up fake brokerages. They promised to use your money to trade in the market but just stole it. This might still be going on so make sure to use a well established broker.

Forex robots have also been used to scam individuals. There are legitimate products out there which many people are using. Nevertheless there have been instances of fake robots becoming sold. You will find people claiming that robots are being used by brokerage firms to muscle in on deals. It’s suggested that the brokerages can monitor the activities of robots and see when a trader gets involved in a deal and then they spoil that offer and take the money.

As with most types of business you will find many possible frauds within the Forex market. The individual trader can also be vulnerable against large companies with whole lot of cash who can wipe out people very easily. This means you should approach the market with caution and have as much great info at hand as feasible. The CFTC regulates the market and their website has information about numerous issues.

Forex trading information and scams are a big issue for person traders who are vulnerable in a market which has large players with lots of money. The old adage, if something looks too good to become true it probably is, serves as a warning to us all to become cautious with our money.

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Article Citation
MLA Style Citation:
Joahlanski, Areelitaha "Forex Trading Info And Frauds: What You Need To Know." Forex Trading Info And Frauds: What You Need To Know. 22 Aug. 2010. 17 Jun 2015 <>.

APA Style Citation:
Joahlanski, A (2010, August 22). Forex Trading Info And Frauds: What You Need To Know. Retrieved June 17, 2015, from

Chicago Style Citation:
Joahlanski, Areelitaha "Forex Trading Info And Frauds: What You Need To Know"

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