Travel and Vacation » Cftc http://urlost.com Fri, 03 Feb 2012 00:28:39 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Five Ways to Avoid Forex Scams. Helpful Points to Know http://urlost.com/five-ways-to-avoid-forex-scams-helpful-points-to-know/ http://urlost.com/five-ways-to-avoid-forex-scams-helpful-points-to-know/#comments Sat, 13 Jun 2009 05:20:10 +0000 Alex Bhaswara http://urlost.com/five-ways-to-avoid-forex-scams-helpful-points-to-know/ Whenever there is an opportunity to make large amounts of money, there will be people who are eager to jump right in and start making money. And where there are people who are eager to get rich quick with a minimum of effort on their part, there are fraudsters waiting to take their money. Experienced traders are wise enough to avoid the frauds – it’s the new traders who are most vulnerable to the forex scams that are slipping into the currency exchange market.

The U.S. CFTC (Commodity Futures Trading Commission), which regulates futures and commodities trading, warns new investors to be wary of frauds and scams that promise huge profits from your investments, in and out of the Forex market. The CFTC has issued several Consumer Fraud Alerts in connection with foreign currency trading. They offer the following tips to help you avoid being scammed.

Be skeptical of high-profit-low-risk come-ons.

“I made $1900 in one minute!” touts one Read more:

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