Learn about trading on the forex market, or forex. toplistsaigon.com wants to share all the types of frauds in the forex market that you may encounter when participating.
- Losing Money by Phishing - top sophisticated forex scam tips
First, not every losing money when trading forex is due to fraud. In fact, up to 95% of traders burn out their accounts when they start trading. It shows that you lose it simply because you do not have enough knowledge, not by anyone who cheats what you do. Next is the form of fraud in the real forex market.
- Coming From Forex Floors - Scams in Forex Market
In addition to the large and reputable forex floor, there are hundreds of other small exchanges on the market today. Most of them are not reputable exchanges. They do not have a license or register the license in small, undeveloped countries. Most are Market Maker brokers (even if they cut themselves as the best ECN brokers, don't believe it), meaning they can intervene directly in your trading fees and trading conditions. Trade with them just takes money. Many times you think you closed a winning order but deducting this and that charge is a loss order.
Another way to trick you is that they let the trading account of the demo account be extremely easy, almost 100% winning. Traders who use demo accounts to check the exchange will find this is a perfect place to trade. Until they opened their real accounts, they fell backwards.
- Forex Trading Group - how to forex scam
Currently, there are many forex trading advisory groups in the country, most of which are scams. Most of them offer "free" advice. They promise to help you make a profit, just work your hands, guide day and night without paying a fee. Sounds great, right?
The reality is not so. Almost 100% of them are hooked up to a forex floor. You are required to open an account on that floor for them to consult but actually let them eat referrals. Moreover, they will force you to trade a lot with that exchange. Sometimes you will profit a little bit to have faith but in reality most of you have lost. They will ask you to put more money. You can only stop when you lose your will or run out of money. This is one of the forex financial fraud tips.
I don't tell every trading advisory group to be a scam. But you need to find out if they are actually trading. If you're the only one who trades, there's a good chance you're being cheated.
- Selling Forex Courses - A Fraud in Forex Market
There are a lot of guys thanks to the ability to wave their lips, plus a little knowledge of trading, selling trade courses, opening centers of all kinds. In fact, that is the knowledge available in books or online but because you do not learn, it leads to you pay millions for information provided free online. This is a form of fire in the forex market many people suffer.
The feature of the forex market is that it has all the basics from the beginning to the advanced online. We can learn by ourselves and study and practice by ourselves. Studying forex trading is a waste of time, effort, and money. Trading instructors not only eat your tuition but they will also force you to open accounts at certain exchanges to receive referral fees.
- Sell Trading Signals
A trading signal, or forex signal, is a type of market analysis program that tells you when to buy or sell a currency pair. There are many sources of forex trading signals available today, but most are all scams. This is a form of fraud in the sophisticated forex market.
They can buy from one source, then resell it to you at a higher price. Most of these signal programs only operate for a very short time, not to mention their effectiveness. If you take good care of these programs, there will be no profit forex until the Tet holiday.
- Selling Trading Robots - Scams in Forex Market
The more advanced version of the trading signal is the trading robot. Call it a robot, but it is actually a computer program that analyzes the market and then enters the buy / sell order for you. The ad sounds attractive, doesn't it? Open the robot and sit and play while waiting for money to flow into the pocket. Have that dream!
In the market now there is no robot to make money long term and guaranteed for you. In the first place, you have to pay a few thousand dollars for a robot, but it only earns a few hundred to stop working immediately. Why? Because a bot can only capture the market for a short period of time. The forex market is always volatile. If the wind changes direction, your robot will fail and start losing money incessantly. The money that a bot earns is never enough to compensate you for buying it in the first place.
Although laws and licenses are increasingly tightening to prevent frauds in the forex market. But with the transaction volume is too large plus many ignorant and fast rich ham. Resulting in fraudulent subjects still coming back and becoming more and more sophisticated. Toplistsaigon.com hopes the only way is to equip yourself with trading knowledge and a best forex broker to protect yourself.
