How to Avoid Forex Trading Scams in 2020 - ForexBrokers.com

Is “forex trading” a scam?

My roommate of 2 years has recently gotten into something called “forex trading.” She was approached by an acquaintance who made bold claims of making 200-1000 dollars a day doing this kind of trading. She paid $200 to take “classes” from the company that this person works for and is convinced she will be making gobs of money. Something doesn’t add up for me here. I was always told that if it sounds too good to be true...it probably is... I’m too scared to give her advice because I’m not at all informed on the subject. Please enlighten me.
submitted by xxcheminsxx to TooAfraidToAsk [link] [comments]

Is Forex trading a scam?

Hi all, obligatory apology for mobile formatting.
A guy in my friendship circle has just messaged us all about trading and investing in the foreign exchange market and is trying to get us on the loop. Another guy has pointed out that 'forex groups' are a scam.
I, personally, have not any experience in this area but I've been doing some work with stock investments and ISAs. Is Forex something worthy and beneficial to try or is it a scam like my other friend said?
submitted by ther3va to UKPersonalFinance [link] [comments]

Are all forex courses scams? Never bought one before all the knowledge I have is free from the internet. I now have a trading plan, risk management plan, and I'm going to start trading with a firm starting tomorrow. I'm just curious to the results of forex courses.

submitted by anju-jd to Forex [link] [comments]

Do they do options trading, forex, and those other “famous for being a scam” techniques at big investment firms?

We all know that someone who skipped college, but swears by options trading or forex or some other mlm/dubious method of financial investment. My question is, are any of those practices really used in places like Goldman Sachs, Merrill Lynch, etc?
submitted by FluxNinja to NoStupidQuestions [link] [comments]

MR.FOREX HAS THE GOAL TO DESTROY ALL THE SCAM GROUPS THAT ARE IN CIRCULATION IN THE TRADING WORLD. IT WILL BE A GROUP WHERE MONEY IS JUST A TOOL, BECAUSE MR. FOREX'S OBJECTIVE IS LEARN.TRAIN AND CONTINUOUS GROWTH. TRADING DOES NOT MAKE YOU RICH OVERNIGHT.IG: mr.forex.official YOUTUBE: Mr Forex

MR.FOREX HAS THE GOAL TO DESTROY ALL THE SCAM GROUPS THAT ARE IN CIRCULATION IN THE TRADING WORLD. IT WILL BE A GROUP WHERE MONEY IS JUST A TOOL, BECAUSE MR. FOREX'S OBJECTIVE IS LEARN.TRAIN AND CONTINUOUS GROWTH. TRADING DOES NOT MAKE YOU RICH OVERNIGHT.IG: mr.forex.official YOUTUBE: Mr Forex submitted by Mrforexofficial to u/Mrforexofficial [link] [comments]

Never traded before - need help understanding if I’m being propositioned a scam or this is just how Forex works

My mother, being concerned for my future wellbeing, as I’m not a successful person by any means, has introduced me to a friend of hers that apparently is a “currency exchange” trader or something.
I’m generally a sceptical person so I put off the idea of having a zoom meeting with this person for a few weeks. But today I met him, he was a pleasant older man, apparently about 70 years old.
Essentially, he claims that he spent $40,000 ish about 7-8 years ago to be given a proper education in the whole Forex and analysis thing. Makes a decent living himself but as he’s nearing retirement he wants to offer me free tuition to essentially learn the ropes.
I don’t, at least yet, see where I am to lose money, unless it’s a really long game scam.
But in essence he wants me to go through the entire pips school thing, and if I manage to without finding it too difficult, understanding the basics, and showing that I’m actually up for putting the effort in, he will essentially teach me everything he knows etc, set up in modules. This won’t cost me anything other than my time.
Where I get a little confused and, as I’m completely oblivious to all of this, it may just be how these things work.
But he said, he’ll show me how to set up a Demo account and over the months learn how to try to make consistent growth on these demo account (I believe he spoke in the 3%+ per month range)
And here’s where I don’t know if it gets shady or if it’s ok. . . Once I’m relatively experienced in this, showing consistency on this etc, he says he can offer me access to a hedge fund or something? Where apparently I trade some other organisations money and not my own? Something like $100,000 per fund and I’d be expected to make profits, but never more than a 5% loss in a month or a 10% loss in any one day. Other than that, I would apparently receive 10% of profits from that.
Only thing is something to do with a server fee, something like to have access to those funds it’s something like $750 a month that’s deducted from your profit, so I don’t know if it’s a scam or it’s just how the professional world of this works.
Either way I’m keen to learn from the modules he’s sending me and so on, just not sure about any part once actual money, whether that be mine or someone else’s, is involved.
Any advice would be well received thanks
submitted by brooksjonx to Forex [link] [comments]

A newer scam ? Forex & Bitcoin trading ..

I have recently started games with new players that are pretty good scammers . They play better than the obvious low scorers who really just want you to sign up for something, They also are more patient to start their spill. They are trying to get you into Forex & Bitcoin. If they mention this as their “ occupation “, get ready for the spill. I’m playing two right now & after I stomp them I’m saying goodbye! BEWARE ! They are not friends !!
submitted by firefiretiger to WordsWithFriends [link] [comments]

Forex just gives a scam vibe, especially when "Instagram influencers" are the ones that are suddenly pro at currency trading.

Forex just gives a scam vibe, especially when submitted by brittathisusername to antiMLM [link] [comments]

Forex trading scam ? not sure if this counts as a pyramid scheme but im seeing this everywhere and young people join to the trade (I assume with) forex ?

Forex trading scam ? not sure if this counts as a pyramid scheme but im seeing this everywhere and young people join to the trade (I assume with) forex ? submitted by ghostliess to pyramidschemes [link] [comments]

Fear of Forex trading fraud is a real-time issue that needs immediate attention from all the potential investors. Imagine 90% of online companies may have scams! How will you identify the rest 10% that is genuine and secure? Come to http://dominion24.esy.es/register-for-webinar/ today.

Fear of Forex trading fraud is a real-time issue that needs immediate attention from all the potential investors. Imagine 90% of online companies may have scams! How will you identify the rest 10% that is genuine and secure? Come to http://dominion24.esy.es/register-for-webina today. submitted by edithadhanushya to u/edithadhanushya [link] [comments]

VOA gives a platform to FOREX currency trading scam. Watch a bunch of Faaraxas lose their meager savings.

VOA gives a platform to FOREX currency trading scam. Watch a bunch of Faaraxas lose their meager savings. submitted by mahmud_ to Somalia [link] [comments]

Street Smart Forex Review – Is This Online Forex Trading System a Scam?

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Telltale Signs of a Forex Trading Scam

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Street Smart Forex Review – Is This Online Forex Trading System a Scam?

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FOREX WILL SCAM YOU!  Trading Isn’t For Everyone. - YouTube Is forex trading a total scam? Forex Trading is a SCAM 🚨 👀 Learn about FOREX SCAMS - YouTube Is Forex Trading A Scam? is Forex Trading a Scam - YouTube Is Forex Trading a SCAM or Not? (TRUTH REVEALED!) - YouTube

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