Many people have been 'burnt' from scam operations on the Internet. Their sites may look so perfectly legitimate that you doubt they would have gone through all that trouble building a trading platform just to steal your money. Be careful.The first thing I look for is the broker location. If I find they are based in a country where the financial sector is, in my opinion, relatively unregulated, and not, I quickly forget to sign up. This is bad news for honest brokers in those countries, but your job as a trader is to protect your capital. If you lose, you can not negotiate. The onus is on them to convince you they will do the right thing by you as an investor.I started with a broker in Australia. I am currently using an American. I have not tried to negotiate based on the UK, but the British financial industry is one of the best.Companies based in countries like Japan, Germany and France could also, if their website speaks your language.Note the license number they may have registered with a regulatory body that acts as a government watchdog overseeing the financial sector and investment. This is an organization that has strict rules to protect your investment. Some of these rules may include requirements that all funds brokers' client funds separate operating company.Your money is needed to put in a very reputable bank and the funds are withdrawn from these accounts on specific withdrawal requests.Note that there are some fake regulatory bodies being thrown around in cyberspace as well. Look how long they have been operating. Try to find comments or observations about them. See if you can find forums where traders discuss their broker.Here is a list of things to keep in mind to help you avoid becoming a victim of a scam:Stay away from opportunities that sound too good to be trueThere are people who have recently acquired a large amount of money just and recently are the same and go around safe investment vehicles. They may be retirees who have access to their pension funds. It is easy to see why retirees would be interested in high yield, low risk investments. This is also what makes them very vulnerable. If you identify with one of those people, be careful. Many crafty character of your money. Furthermore, only a small amount of money you allocate to trade until you can begin to grow. Not everyone can successfully negotiate, so it's a business, you need to take arbitrary. This is your savings at risk.Prevent individuals or organizations that claim to predict or guarantee Great AdvantagesAny form of trading is difficult. Currency trading is no different. Be wary of statements that make it look easy. Statements such as:"Whether the market moves up or down, in the currency market, you will make a profit";"Make $ 1,000 a week, every week";"We outperform 90% of the investment in the country";"You will make a profit of 70% per year";"This is a strategy without risk."If they can get such results, why did they bother to tell you about it.Businesses are wary of the risks discouraging investmentBrace yourself and purse zipper bag when companies say that written agreements risk disclosure are routine formalities imposed by the government. Be careful with statements like:"With a deposit of $ 10,000, the maximum you can lose is $ 200 to $ 250 a day";"We will recover the losses you have."Beware of companies claim to trade in the "interbank market"Do not believe when some people say they have access to the "interbank market" or they can give you access to trade in this market because it is cheap can be obtained.This is not true. The "interbank market" is not a place, it's not a physical building. This is just a loose network of currency transactions negotiated between big financial institutions and other large companies.Ethnic minorities are often targetedEthnic newspapers and infomercials' are sometimes used to draw the Russian TV, Chinese and Indian minorities. Sometimes these ads offer so-called employment opportunities "for account executives to trade foreign exchange," where "executives recruited into account" are expected to use his own money for currency trading and are often encouraged to recruit members as friends and family do the same thing.Search for Company HistoryCheck the information you receive to ensure that the company they claim to be. If possible, try to get the background of the company's operations. Do not rely on verbal statements and promises made by company employees.If you are in doubt, it is not worth risking your moneyIf after trying to seek information and at the end of it all, you are still uncertain about the beliefs of a given society, my advice is to start looking elsewhere.You can find more information by calling the "watchdog" of government because they keep abreast of trends and reports of fraud and other fraudulent activity. Please see the Resources section of this site for more information on the agency that regulates the securities industry, sorted by country. There is also a list of brokers that you may want to see.This is an excerpt, modified from the book: The currency trader part time.
Many people have been 'burnt' from scam operations on the Internet. Their sites may look so perfectly legitimate that you doubt they would have gone through all that trouble building a trading platform just to steal your money. Be careful.The first thing I look for is the broker location. If I find they are based in a country where the financial sector is, in my opinion, relatively unregulated, and not, I quickly forget to sign up. This is bad news for honest brokers in those countries, but your job as a trader is to protect your capital. If you lose, you can not negotiate. The onus is on them to convince you they will do the right thing by you as an investor.I started with a broker in Australia. I am currently using an American. I have not tried to negotiate based on the UK, but the British financial industry is one of the best.Companies based in countries like Japan, Germany and France could also, if their website speaks your language.Note the license number they may have registered with a regulatory body that acts as a government watchdog overseeing the financial sector and investment. This is an organization that has strict rules to protect your investment. Some of these rules may include requirements that all funds brokers' client funds separate operating company.Your money is needed to put in a very reputable bank and the funds are withdrawn from these accounts on specific withdrawal requests.Note that there are some fake regulatory bodies being thrown around in cyberspace as well. Look how long they have been operating. Try to find comments or observations about them. See if you can find forums where traders discuss their broker.Here is a list of things to keep in mind to help you avoid becoming a victim of a scam:Stay away from opportunities that sound too good to be trueThere are people who have recently acquired a large amount of money just and recently are the same and go around safe investment vehicles. They may be retirees who have access to their pension funds. It is easy to see why retirees would be interested in high yield, low risk investments. This is also what makes them very vulnerable. If you identify with one of those people, be careful. Many crafty character of your money. Furthermore, only a small amount of money you allocate to trade until you can begin to grow. Not everyone can successfully negotiate, so it's a business, you need to take arbitrary. This is your savings at risk.Prevent individuals or organizations that claim to predict or guarantee Great AdvantagesAny form of trading is difficult. Currency trading is no different. Be wary of statements that make it look easy. Statements such as:"Whether the market moves up or down, in the currency market, you will make a profit";"Make $ 1,000 a week, every week";"We outperform 90% of the investment in the country";"You will make a profit of 70% per year";"This is a strategy without risk."If they can get such results, why did they bother to tell you about it.Businesses are wary of the risks discouraging investmentBrace yourself and purse zipper bag when companies say that written agreements risk disclosure are routine formalities imposed by the government. Be careful with statements like:"With a deposit of $ 10,000, the maximum you can lose is $ 200 to $ 250 a day";"We will recover the losses you have."Beware of companies claim to trade in the "interbank market"Do not believe when some people say they have access to the "interbank market" or they can give you access to trade in this market because it is cheap can be obtained.This is not true. The "interbank market" is not a place, it's not a physical building. This is just a loose network of currency transactions negotiated between big financial institutions and other large companies.Ethnic minorities are often targetedEthnic newspapers and infomercials' are sometimes used to draw the Russian TV, Chinese and Indian minorities. Sometimes these ads offer so-called employment opportunities "for account executives to trade foreign exchange," where "executives recruited into account" are expected to use his own money for currency trading and are often encouraged to recruit members as friends and family do the same thing.Search for Company HistoryCheck the information you receive to ensure that the company they claim to be. If possible, try to get the background of the company's operations. Do not rely on verbal statements and promises made by company employees.If you are in doubt, it is not worth risking your moneyIf after trying to seek information and at the end of it all, you are still uncertain about the beliefs of a given society, my advice is to start looking elsewhere.You can find more information by calling the "watchdog" of government because they keep abreast of trends and reports of fraud and other fraudulent activity. Please see the Resources section of this site for more information on the agency that regulates the securities industry, sorted by country. There is also a list of brokers that you may want to see.This is an excerpt, modified from the book: The currency trader part time.
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