Obscure FOREX traders are promising get rich quick returns, how legitimate are they?
January 20th, 2009
papadeisabella asked:
Forex Traders promise high monthly returns and stop-loss provisions which suggest that you would never lose all of your money. On the other hand they talk about leverage which suggest that they will always have more to invest than they actually have and therefore all losses will be recovered. I have never heard of high returns and no risk, but this is what the so-called Forex traders are advocating. Is this some kind of scam?
HAYASHI
Forex Traders promise high monthly returns and stop-loss provisions which suggest that you would never lose all of your money. On the other hand they talk about leverage which suggest that they will always have more to invest than they actually have and therefore all losses will be recovered. I have never heard of high returns and no risk, but this is what the so-called Forex traders are advocating. Is this some kind of scam?
HAYASHI
I wouldn’t call it a scam, more like hype. In the currency arena, the money appears to be so close to earning and yet it is so far away. Never trust anybody who is trying to sell you a method, currency trading is very difficult. I interact with your exact question on the pages below (see ‘falsly claimed advantages’).
The markets here is what has happened after economic news releases httpwwwforexnewspatternscom.
The markets here is free site that shows what has happened after economic news releases httpwwwforexnewspatternscom.
Do your homework. Useful guides are here:
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