Investment Scams

High Risk Forex Trading Services - How to recognize a scam website?

Forex, or foreign exchange trading, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.

While a lot of foreign exchange transactions are done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits. However, the greater the potential for profit, the higher also the risk of losing all your money. 

As its course will always vary since it is very volatile, Forex trading should be treated carefully according to certain specific indicators that allow to follow the different trends.

How to recognize a foreign exchange trading scam?

  • The easiest way to spot a FOREX scam is by the promised returns. If the profits which are advertised are unusually high, they are very likely to be empty promises in the end. As the saying goes, the only free cheese is in the mouse trap.
  • Take extreme caution with websites promising they can make you succeed thanks to their ‘secret formula’.
  • Do not install any software before you are certain that their source is reliable and can be trusted.
  • Check out the date that the website was set up, and see if it is realistic.

Finally, check out all the other scam indicators in our standard article, and also our checklist on how to recognize an investment scam.

If you still have doubts about a website you are dealing with, check out the authority of the country the website is from.

Source:

https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2018/04/20/4-effective-trading-indicators-every-trader-should-know.html

https://admiralmarkets.com/education/articles/forex-indicators/most-important-forex-indicators-all-forex-traders-should-know

 
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Thank you for report a misuse case.
Many binary operations are rippers. I invested about $20,000 then i decided to withdraw after several week but the withdrawal wasn’t successful,
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