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Is Forex a Pyramid Scheme? (What To Look For)
In the world of forex trading, there are a wide variety of scams that target inexperienced investors and trick them out of their money. One such scam is called a forex pyramid scheme. If you’re interested in trading forex, it’s important to know what to look out for to keep yourself — and your money…
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How To Avoid Forex Trading Scams
If you’re considering getting into forex trading and you’ve been doing some research about whether or not it’s a legit way to make money, you’ve probably come across lots of warnings about forex trading scams. Forex is a regulated market and can become a lucrative additional source of income for you, but only if you…
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Is Forex Legit or a Scam? You Decide…
If you’re here because you’re wondering “is forex legit?” you’re not alone. Thousands of people looking for new ways to invest their money are wondering the same thing. The short answer to that question is yes, forex trading is a legitimate way to make money by investing in foreign currencies on the foreign exchange market.…
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Forex Trading vs Binary Options: Pros & Cons in Comparison
Binary options and forex are two of the most popular forms of trading. Whilst they share many common characteristics, they also have a number of fundamental differences. Let’s start off with a brief look at the history of each, before explaining how they work, and the pros and cons of forex trading vs binary options.…
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Ten Steps To Take If You Lose Money In Forex
Introduction Nowadays, thanks to the Internet, it’s extremely easy for anyone to go online and start trading in forex. Unfortunately, it’s also just as easy to fall victim to any number of forex frauds, from phony brokers to dishonest “expert” advisors; from sham dummy companies to rogue automated trading systems. The potential for so much online…
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Pros & Cons of Automated Trading Systems – All You Need to Know
Introduction What could be simpler than an automated trading system? Just program a computer to buy or sell stocks, shares, and foreign exchange when certain criteria are met, and away you go. You can set the system up to sell when a share falls below a certain price or to buy euros when the exchange…
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Forex Regulations 101: Who Controls Foreign Exchange Brokers?
In 1971, when President Richard Nixon allowed the US dollar to float freely against other currencies, he effectively created the modern-day forex market. Investors realized that there was money to be made from fluctuations in currency markets, by buying low and selling high. Two more recent developments have helped to make forex the most popular…