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What is Forex Scam ?

Sunday, January 7th, 2007

On wikipedia, Forex Scam descripted as trading activities with the schema used to defraud forex traders by convincing them to take profit by trading in FX Market

For an example:
A trader who has come under such scrutiny is James. These scams might include churning of customer accounts for the purpose of generating commissions, selling software that is supposed to guide the customer to large profits,improperly managed “managed accounts”, false advertising, ponzi schemes and outright fraud. It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment.

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