Spotting Forex SCAMS!!

Title: Spotting FOREX Scams A Mile Away

Author: Roxanne Manning

Article:
Technological advancements, and large financial gains have made
FOREX trading one of the fastest growing trading trends. Leading
FOREX brokers have reported up to a 500% increase in the number
of brand new retail customers. In keeping with the astronomical
growth of new traders and interest in the FOREX market, FOREX
trading scams have also increased in both number and scope.

Scams are being advertised over the radio, on television, in
newspapers and of course, over the Internet. Investors who
unwittingly fall for these schemes generally lose their entire
investments. FOREX investors must be vigilant and focus on these
three warning signs, as well as their gut feelings, for
potential FOREX trading scams. They include:

1. Outrageous Promises of Little or No Risk: FOREX trading holds
so much potential for reward because there is a high risk for
loss. Beware of any company, organization or individual, that
claims that their FOREX strategy carries little or no risk.

2. Large Profit Guarantees: Even the best and most experienced
FOREX trading firms cannot guarantee that they will make a
profit on any given day. Claims to the contrary should raise a
red flag.

3. Employment Ads for FOREX Traders: Unscrupulous "employers"
are looking for "employees." These groups reel in individuals
under the guise that they are offering employment. They provide
individuals with a free, practice account. Individuals are then
told that they have traded so well, that they will be offered a
job to trade for the company. It doesn't exactly work out that
way. Instead, individuals are directed to invest their own
money, which they will never see again.

FOREX trading is a profitable endeavor for the knowledgeable and
for those who are willing to learn. Unfortunately, there are
many groups and individuals who are more than ready and equipped
to swindle unassuming persons out of their money. Investors must
be aware.



About the author:
Roxanne Manning oversees the free FOREX trading website,
Http://www.Free-Cash-Site.com. This site is updated regularly
and provides free FOREX
trading resources, tips and articles.