Forex Homepage

Question: What is forex trading scam?

(Posted by: atha on 2010-02-04 19:48:12)

I want to know forex trading scam is allowed or not in forex market strategies?

Posted by: ahmadnugroho on 2010-02-04, 19:58:31

A forex (or foreign exchange) scam is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading "has become the fraud du jour " as of early 2008, according to Michael Dunn of the U.S. Commodity Futures Trading Commission. But "the market has long been plagued by swindlers preying on the gullible, " according to the New York Times. "The average individual foreign-exchange-trading victim loses about $15,000, according to CFTC records " according to The Wall Street Journal. The North American Securities Administrators Association says that "off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud. "

Posted by: Sadad on 2010-02-06, 02:06:04

Bayt.com is a Scam. There are not jobs on this website, only a lengthy form that leads you to pay for their CV building services. Thats all you will be getting from them. Bayt.com and Rabea Ataya is a Fraud. There are many articles on this individual and no one knows why the Dubai police is not doing anything about this fraudster. We demand Rabea Ataya by taken to jail for the crimes of stealing money from Jordanians and innocent Saudi residents.