Saturday, December 8, 2007

Forex Scam

A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain an unreasonably high profit by trading in the foreign exchange market.
These scams might include churning of customer accounts for the purpose of generating commissions, selling software that is supposed to guide the customer to large profits,[3] improperly managed "managed accounts",[4] false advertising,[5] Ponzi schemes and outright fraud.[6] It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment.

1 comment:

Unknown said...

hi Explain abt forex in detail.
how can we join tis and trade ? ? ?