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Forex Scams: Full Report

What is a Forex Scam?

“Forex is the trading of currencies, particularly the major ones like the Dollar, Pound, Euro and Yen. They are all fairly traded in the same way and are usually traded between individuals, companies, banks and financial institutions. The main difference is that whereas currency trading involves the transfer of currency between the seller and the buyer, Forex trading is done between two or more brokers, who represent the buyer and seller respectively, usually to execute arbitrage. The market value of the currency is determined by the supply and demand of these currencies.

How Does a Forex Scam Work?

The above section focuses on a basic outline of the forex scam, but a full examination will have to be done to know what each piece of the scam involves and how to avoid falling for it.

Scammers commonly try to get you to believe that they have a large amount of cash that they want to invest in the market. They often recommend that you send them your money, pay them fees to buy and sell currency and send them the profits when the trade goes well.

However, Forex Scam Victims rarely receive any meaningful help or returns after you have sent the money. You may notice that there are actually no funds that the Scammers promised you have been sent, because they are not even real investors.

The Deadliest Forex Scams

1. Forex Futures

Forex futures is one of the more dangerous tricks in the fake-trading world, because it allows an investor to earn big money fast in a short span of time. Because they offer quick profits, buyers are lured to the idea of getting quick wins in the market. A contract which is traded for a short period of time can offer quick gains of as much as 20% in about an hour. This is the time which is normally between 8am and noon, and it is the time when there is a lot of liquidity in the market. As soon as liquidity is out of the market, the gains offered by a particular investor will vanish within minutes.

Forex Trading Tips from Experts

The Forex industry can be a very complex and treacherous place. The best way to make money is by studying and learning from professional forex traders. You will be able to see how things work, how you can place the trades right, and how you can execute them properly. Once you master these skills, you can start making $50,000 or even $100,000 per year and become a millionare in no time. Forex trading can make you rich and you just have to learn how to do it properly and it will be yours.

There are many brokers that will help you reach your goal of becoming a rich Forex trader. It will be best if you work with a forex broker and you will not have to worry about getting ripped off. Before you begin with trading, you need to understand how to interpret the charts.


Forex is definitely one of the best strategies to use if you want to make quick money. However, you need to have a good grasp of the market. Remember that forex markets are highly complex and there are many different factors you have to be cognizant of before deciding to trade. Investing in forex does come with high risks because you may not make a profit from a trade and your forex broker might make a loss on your trading account if you don’t have a good trading strategy. There are tons of forex brokers and online trading tools that you can choose from to trade on. You can also take some time to practice your trading technique to get better. If you are really serious about making good money from forex trading, make sure to follow our advice and take a crash course in forex trading.