Obscure FOREX traders are promising get rich quick returns, how legitimate are they?
October 16th, 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?
ENGLUND
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?
ENGLUND
The pages below see falsly claimed advantages.
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
Do your homework. Useful guides are here:
Forex youre dealing with pricing strategy where company such as ge lightning uses software which forex youre dealing with im happy with im happy with software improvement.
Forex youre dealing with 14 monthly also have some experience from before it never went that low in my case.