Is Forex Trading a Scam?

This is a question many people are asking. Forex is often over-hyped, promising huge investment returns. The truth is many people do lose money trading Forex. However, this does not have to be the case. With the right tools, training, and understanding of the risks, Forex trading can be very profitable.

Whether your looking to trade Forex or stocks you need to be ready for losses. The good news is you can open practice accounts where you trade "play money", also there are programs which help you learn and make profitable trades so you're not entirely on your own.

Trading Forex can be hugely profitable! It is not a scam, you just need to have the right assistance.

I highly reccommend Forex AutoMoney. This program uses the latest technology to assist you in making trades and teaches you all you need to know about the Forex market.

Don't go in unprepared.

Good Luck and Happy Trading!

Tuesday, May 19, 2009

How does the Forex Market Differ From the Stock Market?

The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970's. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.

The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.

Why You Should Practice in the Forex Market

Practicing in the Forex Market

So you want to learn about the Forex market, and trading internationally but you are risking your personal wealth if you jump in before knowing all about how trading takes place. Online, you will find many games and simulations while learning the methods involved in forex market trading. The forex markets include countries from around the world, where all countries involved are using different currencies, and when faced against each other are worth more or less than the original valued currencies that are being traded. The forex markets are used to build wealth in, for governments, banks, and brokers, and for many countries.

To get started in learning about forex trading, you will need to locate the forex trading software, education-learning system you want to use. As you find the games, as they are called, you will enter information about yourself, about what you are interested in learning and then you will download software to your computer. In following the 'game', you will learn how to make and lose money in the forex market. This type of game is going to make you more aware of what happens daily, how the markets open and close, and how different the various countries currencies really are.

You will open an online 'account' using the gaming system. You will then be able to read the news, find and compare markets, and you will be able to make 'fake' trades so you can watch your money build or be eaten away in losses. As you learn the system, using it a few times a week, you are going to be more prepared, more educated and you will be ready to use the forex trades to make money. Of course, you may still need the aid of broker or a company to make your transactions happen but you will better understand the process, what will happen, and what calls you may want to make when you read about the news, the markets, and the currencies in other countries.

The forex market is also referred to as the FX market. If you are interested in joining the millions who are making money in the forex markets, you want to ensure you are dealing with a reputable banker or company involved in forex trading. With the spur of interest in the forex markets, there are many types of companies that are popping out on the Internet appearing to be genuine forex trading companies but in reality, they are not. Forex trading can be completed through a broker, a company that deals in the funds, and from within your own country. For example, the US has many regulations and laws regarding forex trading and what companies are permitted to work with the public dealing with international trading and markets.

Okay, There's a lot of talk about Forex, and how can you make money?

Working from home is an option not available to most of us!

Do you think that's true?

Well, fortunately it is not!

What you will find out here is what most other people will never know!

What is it?

You can make money legitimately from home! Yes you can! But it's not so easy, without the right tools at least.

Trading Forex is an excellent way to make money from home! Best of all, you don't even have to be at home to do it. With the proper automatic trading software, you can be asleep, at the beach, playing football down at the park, it really does not matter.

Automated Forex trading platforms are now available to the public. There are many to choose from, but the one thing they have in common is that most of them work!

All you need to find are the best ones and you can be trading in no time at all.

So what is Forex?

Forex is simply like the stock market, however, instead of trading stock you will be buying and selling foreign currency as it goes up and down in price.

How often does it fluctuate?

Just like stocks the Forex market is up and down all day. What you will be doing is trading it many times, over and over, profiting along the way.

Automated Forex trading software is available to monitor the market, and decide when is best to buy and sell. While they don't take all the risk out of trading, they certainly help.

It is absolutley neccessary for any person starting out to have the proper information and software to ensure they have an excellent chance at making money legitimately from home. That is why I recommend using Forex Software.

Good Luck, Happy Trading

Monday, May 18, 2009

Is Forex a Total Scam? You might be surprised!

Is Forex a Scam? The Shocking Truth Will Surprise You
By []Mark Whitner

When considering the question "is Forex a scam" the first thing that comes to my mind is the old saying "Never invest in anything that you don't understand." Follow this advice and you are unlikely to fall victim to scams. Another saying worth consideration: "If it seems too good to be true, it probably is." A third thing to remember is that you should know your risk tolerance and investment goals. Are you comfortable with the idea of losing your money? When will you need this money? You might be more risk tolerant at 20 than you would be a few years from retirement.

Foreign Exchange trading, or Forex, is the trading in international currencies. Is Forex a scam? The currency markets are a large and liquid market, attracting speculative short term traders. International currency markets are risky and reliant on rumors, world news, and politics. Foreign Exchange markets have been described as a zero sum game. There is a fixed supply of currency on the world markets and for one person to make money on a Foreign Exchange market trade, someone else must lose money.

There are two types of traders in Forex; market makers are the large banks and investment houses, and retail Forex brokers are smaller players. Cash FX is the shorthand name of the commodities traded. Retail Forex brokers can be the subject of scams. Although the market is legitimate and regulated by laws such as the Commodity Futures Modernization Act of 2000, it is common for people to lose money more than they gain. Broker's commissions, and sales of software programs and information are more surefire ways money is made in the realm of Forex trading. So the answer to the question "Is Forex a scam?" might be yes, and it might be no.

Forex Avenger is one of the best all around programs to succeed in Forex. There is another review of the program here: []Forex Avenger Review Or if you're still unsure about which Forex program is right for you, be sure to check out [] to find the Forex program that's right for you.

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Sunday, May 17, 2009

Let's Compare FAP Turbo With Forex Boomerang....

Fap Turbo Vs Forex Boomerang - Forex Turbo Vs Forex Autopilot
By Arinze Chukwu

I was lucky to try out the Fap Turbo, Forex Autopilot and Forex Boomerang. I am going to compare and contrast both of them and tell you the one that is more better. Now it is one vs the other.

Features: Fap Turbo has many features which you can adjust to suit your trading pattern. Though its default setting is still profitable but you would get better results if you alternate it with the knowledge you have gained from trading the forex. But as for Forex Boomerang, it doesn't have as much settings as Fap Turbo has. This doesn't imply that Forex Boomerang doesn't have its own setting, but that of Forex Boomerang is less. Talking about that of autopilot, it stands in the middle between the first and second.

Fap Turbo has the latest in forex mathematical algorithms. Algorithms are essential in getting profitable trades from forex due to it react to market conditions. It came out ending last year, which makes it up-to-date with the latest foreign exchange strategies. Forex Boomerang was released in 2007. It has outdated foreign exchange mathematical algorithms. It works based on the way it was designed to trade based on foreign exchange 2007 market reaction and it would interest you to know that it has been outdated. To be frank, I don't know the way Forex Autopilot algorithms work.

Customer Care: The customer care offered by Fap Turbo is good. I rate it 4 stars. It has a listening customer care. It can take about 30 minutes to get your reply for the questions you asked. Forex Boomerang customer is also efficient but not quick when compared to Fap Turbo.

Profitability: Fap Turbo has a winning rate of 95.43% with a draw down of 0.35% but Forex Boomerang has a winning rate of 60% with a draw down of 5%. This makes Fap Turbo better than it in terms of finding profitable trades.

Duration: Fap Turbo can trade for you even when your PC is not turned on, meaning you won't miss any profitable trade. It requires hosting it on their server while it trades for you when your pc takes a break. Forex Boomerang isn't made to work this way. Once you turn off your PC, trading is over for you till you turn it back on, meaning if a profitable trade comes you are going to miss it.

You can find more info about FapTurbo and the ways to get the best out of it at

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Forex, What you need to Know

The foreign exchange market is also known as FX or it is also found to be referred to as the FOREX. All three of these have the same meaning, which is the trade of trading between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing leaving transactions required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges.

Cash, stocks, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is traded for another. Think about a trip you may take to a foreign country. Where are you going to be able to 'trade your money' for the value of the money that is in that other country? This is FOREX trading basis, and it is not available in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance.

Small business and individuals often times looking to make big money, are the victims of scams when it comes to learning about FOREX and the foreign trade markets. As FOREX is seen as how to make a quick buck or two, people don't question their participation in such an event, but if you are not investing money through a broker in the FOREX market, you could easily end up losing everything that you have invested in the transaction.

Scams to be wary of
A FOREX scam is one that involves trading but will turn out to be a fraud; you have no chance of getting your money back once you have invested it. If you were to invest money with a company stating they are involved in FOREX trading you want read closely to learn if they are permitted to do business in your country. Many companies are not permitted in the FOREX market, as they have defrauded investors before.

In the last five years, with the help of the Internet, FOREX trading and the awareness of FOREX trading has become all the rage. Banks are the number one source for FOREX trading to take place, where a trained and licensed broker is going to complete transactions and requirements you set forth. Commissions are paid on the transaction and this is the usual.

Another type of scam that is prevalent in the FOREX markets is software that will aid you in making trades, in learning about the foreign markets and in practicing so you can prepare yourself for following and making trades. You want to be able to rely on a program or software that is really going to make a difference. Consult with your financial broker or your bank to learn more about FOREX trading, the FX markets and how you can avoid being the victim while investing in these markets.

Where do You go to Trade Forex?

Forex trading uses currency and stock markets from a variety of countries to create a trading market where millions and millions are traded and exchanged daily. This market is similar to the stock market, as people buy and sell, but the market and the over all results are much much larger. Those involved in the forex trading markets include the Deutsche bank, UBS, Citigroup, and others such as HSBC, Braclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman Sachs, ABN Amro, Morgan Stanley, and so on.

To get involved in the forex trading markets, contacting any of these large broker assistance firms is going to be in your best interest. Sure, anyone can get involved in the forex market, but it does take time to learn about what is hot, what is not, and just where you should place your money at this time.

International banks are the markets biggest users on the forex markets, as they have millions of dollars to invest daily, to earn interest and this is just one method of how banks make money on the money you save in their bank. Think about the bank that you deal with all the time. Do you know if you can go there, and obtain money from 'another' country if you are heading out on vacation? If not, that bank is most likely not involved in forex trading. If you have to know if your bank is involved in forex trading, you can ask any manager or you can look at the financial information sheets that banks are to report to the public on a quarterly baiss.

If you are new to the forex market, it is important to realize there is no one person or one bank that controls all the trades that occur in the forex markets. Various currencies are traded, and will originate from anywhere in the world. The currencies that are most often traded in the forex markets include those of the US dollar, the Eurozone euro, the Japanese yen, the British pound sterling and the Swiss franc as well as the Australian dollar. These are just a few of the currencies that are traded on the forex markets, with many other counties currencies to be included as well. The main trading centers for the forex trading markets are located in Tokyo, New York and in London but with other smaller trading centers located thought out the world as well.
1) Forex Auto Pilot

We back-tested this robot! Our overall results averaged about 47% profit every month (5,000% divided by 102 months which is 9 years)...

In live trading, you can see the proof this program offers(watch the video here) Since the video has been made, results have actually improved

This is definitley not a scam product. It does work, and has clearly been shown to allow you to make massive profits when used correctly.

If you're thinking about starting to trade Forex for yourself, and do not want a phony product, I seriously think you should consider FapTurbo.

4.5/5 Stars!

2) Forex MegaDroid Robot

This is simillar to FapTurbo. While not quite as popular, the MegaDroid Robot trades with deadly accuracy.
Building a robot to trade automatically is not very difficult, however it only works if it make profitable trade reliably. This is where MegaDroid Robot shine. It has proven itself over many years to be realiable, profitiable, and easy to use.
4/5 Stars
3) Forex Ambush

The Reviews are in on Forex Ambush. I have not personally reviewed it, but based on what I have heard and the cost I would recommend one of the other products. However, your experience may differ, you should at least check it out.

3/5 Stars
4)Forex Killer
Forex made easy. This sums up Forex Killer.

A scam? Definitley not! This might be the best program for a newbie who is trying to trade forex! I highly reccommend this one, however, I do suggest you look at these top 5 Programs and see which one best suits you and your budget.
4/5 stars

5) Forex Automoney
I quite like this program, as you can get started for as little as $4.95!
This might be worth your while for acess to the information you need before you spend a fortune on a robot or system that your not entirely comfortable purchasing.

5/5 start(it's cheap to get started!)