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!

Sunday, May 17, 2009

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.

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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!)