Warning: Forex Scams Are Harmful to Your Financial Health

By | August 19, 2014

I decided today to write a general article about forex scams. Over time, I might dedicate a separate article for each one. Many forex scams can be compelling or seem to be very legitimate, but they just take advantage of traders seeking shortcuts in the market. I was inspired to choose this title by the old warnings on cigarette packets. Of course, nowadays we have pictures of rotten teeth and toes, but that’s a totally different story.

  • Forex Robots also are known as EAs (Expert Advisors) sell from around $100 to upwards of $1000. For this ‘low’ price you get software that is supposed to trade so profitable that it is able to increase your account tens or even hundreds percent per month. No skills and no brain are required from your part. Just turn it on and watch your account grow :)
  • Forex Signal Sellers just like the one mentioned above, the difference here is that you have to actually place the trades that you receive via email or text.
  • Forex Managed Accounts is one of those forex scams that appears to be very legitimate. After all, people have had their money managed in various markets from stocks to commodities for very long time. Famous money managers top the Forbes Rich List every year. So where is the scam? If the traders who want to manage your money are nameless and faceless, hiding under such texts as ‘team of great traders with XX years combined experience’ they are forex scams. If they say they’ve been traders for a long time but can’t provide you with any verified track-record, they are scams.
  • Forex Brokers beware of those unregulated brokers with websites written in bad English who try to entice you with deposit bonuses or contest prizes.

Trading is a hard and trying business where the tuition costs can be very high. Don’t make it even more expensive by lining the pockets of all those scammers out there.

97 thoughts on “Warning: Forex Scams Are Harmful to Your Financial Health

  1. Anh Sean

    I was just looking for this info for a while. After six hours of continuous Googleing, finally I got it in your site. I wonder what is the lack of Google strategy that do not rank this type of informative sites in top of the list. Usually the top web sites are full of garbage.

    Reply
  2. leveraged affiliate Marketing

    hi!,I like your writing so a lot! percentage we be in contact more approximately your post on AOL? I require an expert in this house to solve my problem. May be that’s you! Having a look forward to look you.

    Reply
  3. baixar filmes

    Hi there, You’ve done an incredible job. I’ll certainly digg it and personally recommend to my friends. I am sure they will be benefited from this web site.

    Reply
  4. website

    Great blog right here! Also your website a lot up very fast! What host are you the use of? Can I am getting your associate hyperlink on your host? I wish my website loaded up as fast as yours lol

    Reply
  5. visit

    Really excellent information can be found on web blog. “Every artist was first an amateur.” by Ralph Waldo Emerson.

    Reply
  6. tile cleaning

    The root of your writing whilst appearing reasonable initially, did not settle very well with me after some time. Somewhere within the paragraphs you actually managed to make me a believer but only for a very short while. I still have a problem with your leaps in logic and you might do nicely to fill in all those gaps. In the event you actually can accomplish that, I would definitely end up being amazed.

    Reply
  7. Like

    Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.

    Reply
  8. Tech In Expert

    I needed to put you a bit of remark just to thank you so much over again regarding the remarkable ideas you have shown on this site. It has been quite particularly open-handed with people like you to make unhampered what some people could possibly have made available as an e book to end up making some bucks on their own, principally considering that you might have tried it if you decided. Those techniques in addition acted like a fantastic way to recognize that some people have the same fervor just like my own to see many more with regards to this problem. I believe there are millions of more pleasant instances ahead for many who read carefully your site.

    Reply
  9. Burt Woodley

    There are those who engage in this type of trading without sufficient knowledge; however, there are day traders who make a successful living despite, or perhaps because of, the risks.

    Reply
  10. InventHelp Store

    Great V I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task..

    Reply
  11. MP3 Youtube

    I carry on listening to the news update talk about getting free online grant applications so I have been looking around for the best site to get one. Could you advise me please, where could i find some?

    Reply
  12. medical insurance

    I’ve been surfing on-line greater than 3 hours today, yet I never discovered any attention-grabbing article like yours. It¦s pretty worth enough for me. In my opinion, if all site owners and bloggers made excellent content as you did, the net might be much more helpful than ever before.

    Reply
  13. carpet cleaners surprise az

    I precisely desired to thank you so much once more. I do not know what I would’ve gone through without those creative ideas shown by you about this subject matter. It seemed to be a very hard circumstance in my circumstances, nevertheless coming across the very expert form you handled the issue took me to weep for happiness. Now i am thankful for the assistance and even pray you know what an amazing job you happen to be providing educating many others thru your site. Most probably you have never met any of us.

    Reply
  14. concrete contractors of killeen

    Once I initially commented I clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I get four emails with the identical comment. Is there any method you can remove me from that service? Thanks!

    Reply
  15. here

    I’ll right away grab your rss feed as I can not find your email subscription link or e-newsletter service. Do you’ve any? Please let me know in order that I could subscribe. Thanks.

    Reply
  16. hdmi encoder iptv

    I’m impressed, I have to say. Actually rarely do I encounter a blog that’s each educative and entertaining, and let me inform you, you’ve got hit the nail on the head. Your concept is outstanding; the problem is something that not enough individuals are talking intelligently about. I’m very pleased that I stumbled throughout this in my search for something regarding this.

    Reply
  17. PumpsOK

    When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

    Reply
  18. insurancenew state farm

    Hi, i think that i saw you visited my site so i came to “return the favor”.I am attempting to find things to improve my site!I suppose its ok to use some of your ideas!!

    Reply
  19. link

    I want to express some appreciation to this writer for bailing me out of such a instance. As a result of checking throughout the search engines and finding methods that were not productive, I assumed my entire life was well over. Existing devoid of the approaches to the problems you have solved as a result of your posting is a critical case, and the ones which could have negatively affected my career if I had not noticed your web page. Your main skills and kindness in playing with almost everything was helpful. I am not sure what I would’ve done if I had not discovered such a thing like this. I am able to at this point look forward to my future. Thanks so much for the skilled and sensible guide. I will not think twice to suggest your blog post to anyone who ought to have recommendations about this area.

    Reply
  20. inventhelp store

    Yesterday, while I was at work, my cousin stole my iPad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

    Reply
  21. inventhelp headquarters

    Very nice post. I just stumbled upon your weblog and wanted to say that I’ve truly enjoyed surfing around your blog posts. In any case I will be subscribing to your rss feed and I hope you write again soon!

    Reply
  22. how to create bhimchat page

    Hello there! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My site looks weird when viewing from my iphone4. I’m trying to find a template or plugin that might be able to fix this issue. If you have any suggestions, please share. Thank you!

    Reply
  23. hat xop mau

    Simply wish to say your article is as astounding. The clearness in your post is simply cool and i can assume you are an expert on this subject. Well with your permission allow me to grab your feed to keep updated with forthcoming post. Thanks a million and please keep up the rewarding work.

    Reply
  24. mua macbook cũ

    Do you have a spam problem on this website; I also am a blogger, and I was wanting to know your situation; many of us have created some nice procedures and we are looking to trade strategies with other folks, why not shoot me an e-mail if interested.

    Reply
  25. banco BNDES

    I am not certain where you’re getting your information, but great topic. I must spend some time finding out much more or working out more. Thank you for excellent information I used to be in search of this info for my mission.

    Reply
  26. quadro interativo

    Spot on with this write-up, I truly assume this website wants way more consideration. I’ll probably be again to read way more, thanks for that info.

    Reply
  27. Rapshonig

    I am now not sure the place you’re getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thank you for magnificent information I was in search of this information for my mission.

    Reply
  28. macbook pro 2016 non touch bar

    hello!,I like your writing very so much! share we keep in touch extra approximately your article on AOL? I need a specialist in this area to unravel my problem. Maybe that’s you! Having a look ahead to see you.

    Reply
  29. xốp màu bán ở đâu

    Youre so cool! I dont suppose Ive learn something like this before. So nice to seek out somebody with some unique thoughts on this subject. realy thanks for beginning this up. this web site is one thing that is needed on the internet, somebody with a bit of originality. helpful job for bringing something new to the internet!

    Reply
  30. safephotolocktool.com

    Hmm is anyone else having problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.

    Reply
  31. thiết bị bếp nhà hàng

    Hi there would you mind letting me know which web host you’re working with? I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a honest price? Thank you, I appreciate it!

    Reply
  32. https://goo.gl/maps/DxesqT6yNPw

    You really make it appear really easy along with your presentation but I find this matter to be really something that I think I would never understand. It sort of feels too complicated and very large for me. I’m taking a look forward for your next post, I will attempt to get the grasp of it!

    Reply
  33. click

    hey there and thanks on your info – I’ve definitely picked up anything new from right here. I did however experience a few technical points the usage of this web site, since I experienced to reload the site lots of times previous to I may just get it to load properly. I have been pondering in case your web host is OK? Now not that I’m complaining, but slow loading cases occasions will very frequently affect your placement in google and could damage your high quality ranking if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Well I’m including this RSS to my email and could look out for much more of your respective fascinating content. Make sure you replace this once more soon..

    Reply
  34. concrete contractors San Antonio

    Hey very cool website!! Guy .. Excellent .. Superb .. I’ll bookmark your web site and take the feeds additionally…I am glad to seek out a lot of helpful information here in the submit, we want develop extra strategies in this regard, thank you for sharing. . . . . .

    Reply
  35. Lucretia Narum

    Very well written article. It will be valuable to anybody who employess it, including myself. Keep doing what you are doing – i will definitely read more posts.

    Reply
  36. Jawatan Iklan

    I am very happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that is at the other blogs. Appreciate your sharing this best doc.

    Reply
  37. Kerja Kosong

    With every little thing which seems to be building throughout this particular area, your points of view tend to be somewhat stimulating. However, I beg your pardon, but I can not give credence to your entire plan, all be it exhilarating none the less. It would seem to me that your comments are actually not entirely rationalized and in actuality you are your self not totally certain of your point. In any case I did take pleasure in reading it.

    Reply
  38. Malaysia Jobs

    I have been absent for a while, but now I remember why I used to love this web site. Thanks , I will try and check back more often. How frequently you update your website?

    Reply
  39. jobsmy

    I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get bought an shakiness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.

    Reply
  40. Malaysia Jobs

    It?¦s really a cool and helpful piece of info. I am happy that you just shared this useful info with us. Please keep us informed like this. Thank you for sharing.

    Reply
  41. Mazer USB

    That is very fascinating, You’re a very professional blogger. I have joined your rss feed and sit up for looking for more of your fantastic post. Also, I have shared your web site in my social networks!

    Reply
  42. sewa mobil padang

    I’ve recently started a website, the info you offer on this site has helped me tremendously. Thank you for all of your time & work. “Patriotism is often an arbitrary veneration of real estate above principles.” by George Jean Nathan.

    Reply
  43. http://lifeinsurance.us.org

    You actually make it appear so easy along with your presentation but I find this matter to be really something that I think I’d by no means understand. It sort of feels too complicated and very extensive for me. I’m having a look ahead for your next post, I will try to get the grasp of it!

    Reply
  44. air jordan 13

    I wish to show my appreciation to the writer for rescuing me from this type of problem. As a result of browsing throughout the the web and finding techniques which are not productive, I figured my entire life was over. Existing without the presence of approaches to the difficulties you have fixed by means of your review is a serious case, and the ones which could have negatively affected my career if I hadn’t encountered your site. Your own capability and kindness in dealing with all the things was invaluable. I am not sure what I would have done if I hadn’t come across such a subject like this. It’s possible to at this time relish my future. Thanks for your time so much for the skilled and result oriented help. I will not hesitate to recommend your site to any individual who needs and wants counselling on this area.

    Reply
  45. autolike

    Hello there, just became alert to your weblog thru Google, and found that it’s truly informative. I am gonna watch out for brussels. I will be grateful when you continue this in future. Many people will likely be benefited from your writing. Cheers!

    Reply
  46. longchamps

    I precisely desired to say thanks all over again. I do not know the things I would’ve carried out in the absence of these concepts shared by you relating to such a subject matter. It absolutely was a very daunting circumstance for me, but witnessing this skilled way you resolved that forced me to jump over contentment. Extremely happier for your advice and hope you find out what an amazing job you are carrying out training the rest through the use of your site. More than likely you haven’t encountered any of us.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *