As forex trading, becomes more popular, versatile and widespread, there are many, as is the inherent nature of an unscrupulous few, try luring new traders, into scams, and shady forex deals. These brokers/websites/individuals, try making money by fooling gullible investors, and novice traders, into deals, that should usually be avoided. Forex trading, has become popular in the recent past, due to the profit margins that some traders have been making. Many people, have been attracted to the market, due to the fact, that you can, if you have the necessary knowledge and skill, make profits, trading wisely. However, what most fail to realise is that there are a few things that separate good brokers from bad one's

1. Forex Scam Reviews:-
Today, the forex market, has been perpetrated by a number of fraudulent brokers, and so called
“Experts”, who claim to know everyting about forex trading. Truth however, is far different, as these
are just trying to make a living, scamming innocent investors, making money by introducing pyrimad
schemes, claiming that people can get insanely rich by trading currencies for a living.
For someone who sees a “Get Rich, Quick” advertisement, this should come as a surprise, as this is one
of the best ways, to drain your funds, and emotionally deflect you from every trading currencies again.
Forex trading, is something that needs to be learnt, over time, with the aid of educatinoal tools, books,
and journals. One needs to have an indepth understanding of market mechanics, with a clear view as to
where he would like to head, his long term goals.
Money making schemes, are so virulent on the internet, expecially, that people get sucked into them
without realizing how dangerous they are. For example, there are the pyramid affiliate marketing
schemes, which claim that with a small investment, monthly, you can become a millionaire. Just like
there are many brokers, who claim, that if you take their advice, they can make you get rich quick.
Now, nobody is a forex god. There is no formula for getting rich quick, or else, everybody would've
learnt it and applied it by now, and we would not know poverty. Fortunately, for the majority of us,
reality is often within arms reach, but with thousands of desperate traders and investors looking to
make a fast buck, the world of scams in forex becomes like a financial landmine zone.
There are many ways you could get trapped into a forex scam. Reviews that are rigged, brokers and
firms that lie, and unrealistic spreads are only some of them. We all know that the currency market
remains open 24 huors a day. This means, you need to track it continuously, expecially if you are a day
trader. Leaving your funds parked in the hands of a scammy broker, could mean trouble more so if you
are new to the aspect of currency trading. Th worst nightmare, but the least anticipated one, of any
forex investor, is a potential forex scam. Reviews indicate, that on an average, around 10% of people
fall prey to these fraudulent schemes, that are cooked up overnight, firms with no financial track record
whatsoever, who entice investors with their elaborate plans to make themselves more money than
imaginable. One very common method is the commissions. While the broker, on the surface, may seem
to charge little to no commissions, he could persuade you into making multiple trades a day, using
market volatility as his excuse. Unknowingly, you might be lured into making dead investments, while
he keeps making commissions in cold hard cash. This is a sad reality, and the fact that many brokers,
are still operating underground, are still unregulated, by regulatory bodies, that audit firms regularly. It
is very important to carry out research, before aligning yourself with a brokerage firm. You have to
know the entire history of that firm, where it was incorporated, whether it has a large amount of capital,
so your money does not bear the financial brunt, or whether these have been making ivnestors happy
over time, and enjoy a good reputation. The prudent thing, before reviewing a brokerage, would be to
speak to its existing customers. Be open and frank with the brokers themselves also. Compare the
customer's point of view to the brokers, and arrive at a logical conclusion, as to whether the broker, is
actually helping his clients or not.