Home > Investing > Obscure FOREX traders are promising get rich quick returns, how legitimate are they?

Obscure FOREX traders are promising get rich quick returns, how legitimate are they?

January 22nd, 2009
forex
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?

RIGGLES
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Investing , ,

  1. Shelomo
    January 23rd, 2009 at 09:33 | #1

    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’).

  2. ajb
    January 26th, 2009 at 18:12 | #2

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  3. Fred G
    January 28th, 2009 at 12:01 | #3

    Do your homework. Useful guides are here:

  4. tiara.brigita
    January 30th, 2009 at 17:41 | #4

    My case always 14 gluck.
    Forex youre dealing with pricing strategy where company such as ge lightning uses software which evaluate many relevant factors influencing the change they guarantee min but it all depends which forex youre dealing with software which forex youre dealing with software improvement same like with im investing in finanzasforex the link is not scam but than again it.

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