by Admin on April 20, 2008 · Filed Under: Forex Trading
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Looking to Make Online Forex Investments?
You are Target No 1 for Forex Investment Scams!!
There is no need to make the situation look worse than it is. It is like it is - Forex became a magnet for the investors. Wow, what can be better than the market where your investment can get 50% or even 100% up!! Big profits can make even smart people lose the focus. And this is where the scammers are patienly waiting to fool you.
Let’s think reasonably, if they can make 100% a day - would they need your money? And though today online Forex investment scam programs shows smaller % (to look more real), this should not fool you.
On the other hands, there are professional traders and trading companies that care about reputation and give profits. To help you in sorting out the jewel from the rubbish, read this…
Scam Proof Plan to Ever See
Your Forex Investment Profits
You would never like to do investment in Forex trading team that is not successful. But there is a catch that investment Forex online scam gurus are using. They can show you the so called "data based on trading history" which is basically some Forex trading strategy re-interpreted back in time on the historical chart info.
The worst part of it is that this historic data can get "slightly optimized" and even if you are testing their trading strategy and see that it was giving great results - this can be wrong.
Never trust some charts of profits and historical records. They can be true, but they can be falsified. Are you ready to test your luck?
Kitchen is the term which describes the interesting tactics. The way money is traded in reality does not correspond to the way real trades take place. For example, a trader can lose a nice portion of money and show in the kitched that the portion lost was much smaller, and with profits they can show higher profits when real profits have been smaller.
If you have not invested real money (for which sooner or later they need to report) and they have opened "demo" account for you, then scammers can lure you into the game of charts going up and down, where you see nice profits. In reality this can be just a dummy software that shows some action to catch investors who prefer to get foolded in an elegant, technically wise way.
Anyone can write testimonials. Unless the testomonial is written by real company that has a phone number, REAL address and has good standing status for a long time - any testimonial can be a fake. Scammers can open 3-4 fake companies with addresses and people on the hot lines - this is not expenisve and as scammers win millions the investment into fake companies is worth the money.
Even your best friend can be fooled. Scammers have a reserve of money to pay of for 6-12 months. Your friend can try the chance, get paid the percentage for a year (only the promised interest, of course) will recruit you and - bang, the bubble is out.
Recommendations are worth the trust if this company or team of Forex traders are giving profits for 2+ years. Plus if this is said by the person you do not know, this can be a fake guy or gal.
These are not all tips, we prepared more tips about what documents to check and where to do the due diligence on the company you are going to invest into. This info will be published in the next post on this blog. Check our Free Forex Trading Info RSS feed for updates or subscribe to it to get all info automatically.