Three Ways to Avoid Forex Scams
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Transcript of Three Ways to Avoid Forex Scams
Three Ways to Avoid Forex Scams
By www.forexconspiracyreport.com
Every so often there is another Forex scam in the
news.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
The ones that hit the news are usually pyramid schemes.
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Someone offers to trade currency on your behalf and tells a story of great profits.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
He or she proclaims great profits and may even show
you fantastic results, on paper.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
If you actually demand your money they will probably pay
up.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
That is they will pay up early in the game as money from new investors in still coming
in.
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If you arrive late in the game the story may be different and
there may be no profits to
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
return to you and even your original investment may be
gone.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
Other scams may be less overt but still damaging.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
With these thoughts in mind here are our three ways to
avoid Forex scams.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
They all boil down to the old Roman adage, let the buyer
beware.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
There Is No Free Lunch in Currency Trading
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
Our first of three ways to avoid Forex scams is to realize that if it looks too good to be
true it probably is.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
Really, a guy has a system that returns twenty percent per month per month or so he
says.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
That would mean that he would double his own money
every four months and increase his trading capital
eight fold in a year.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
So why does this guy bother to deal with you? If he starts with $10,000 he has $80,000
in a year, $640,000 in two years and $5,120,000 in three.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
First of all these sorts of results are probably not what the guy you are talking to can
make.
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Second of all, if he really makes that kind of money
then you are not in his league
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and he will not be talking to you or trading your money for
a few percent of the gain.
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There is no free lunch in Forex trading. That is the first of our
three ways to avoid Forex scams.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
Do They Really Know Better Than You?
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
There is an old saying that says that if one man can do a thing then another can do it a
well.
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If this guy who is offering to trade for you or sell you a trading system can do so
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
successfully, why don’t you? You can learn to profit from
the fluctuations in foreign currency rates.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
You can develop a trading system based on your own
experience.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
The insinuation that the guy who wants to sell you trading software or trade your money
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
for you is smarter than you is a poisonous insinuation. Learn
the ropes of Forex.
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Check out what it takes to successfully make money on
volatile foreign currency exchange rates
.
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This is the second of our three ways to avoid Forex scams.
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What Do They Have to Lose
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The third of our three ways to avoid Forex scams has to do
with who is taking on the risk of trading.
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The saying is, put your money where your mouth is.
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Does the guy who is going to trade your money for you
have any of his own money invested in this scheme?
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What does the developer of the software stand to lose if
his programming is faulty and you lose your trading capital
on the first day?
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We certainly do not expect for a software developer to share in your trading losses unless
he is also sharing in your gains.
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But, it would be comforting to know that the guy who is hyping the software has actually used it and can
provide you with solid proof of its success.
http://www.forexconspiracyreport.com/three-ways-to-avoid-forex-scams/
Otherwise, what do they have to lose? That is the last of our
three ways to avoid Forex scams.
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