You don't speak the language: Beware of FOREX scams
I receive numerous spam emails about foreign exchange (FOREX) trading "opportunities" and I've even seen late-night infomercials advertising trading systems. There is an article in Saturday's Wall Street Journal (subscription required) about the proliferation of "scam artists" using FOREX to dupe investors. In the past 5 years, more than 25,000 investors have lost money to fraudulent current trading operations.
The volatility and speculative nature of currency trading probably make it a poor fit for most individual investors. However investors looking to make bets on currency fluctuations and macroeconomic events can do so with considerably less risk through exchange-traded funds. If you are going to consider FOREX trading, be sure to check out the article for tips to avoid scams.
The volatility and speculative nature of currency trading probably make it a poor fit for most individual investors. However investors looking to make bets on currency fluctuations and macroeconomic events can do so with considerably less risk through exchange-traded funds. If you are going to consider FOREX trading, be sure to check out the article for tips to avoid scams.










