Forex Money Scam

forex money scam
Why Forex trading is a scam?

I know there is the potential to make lots of money but why I have not heard more about this in the financial and CNBC stations?

Hello, Well, first of all I could say that the currency is not a scam at all. In fact many people meet very often and can not recognize it. Forex is foreign currency. So if you travel abroad and need to change your country's currency other country currency is engaged in foreign exchange, sell and buy another currency. Other participants are importers, investors, banks, etc, etc … On CNBC will notice that there is always indicated exchange rates of different currency pairs. There are also constantly on CNBC are comments on the direction and movement of different currency pairs. That is the motto. You should also be publicized in different forex brokers on CNBC. Forex is called a scam by many people who failed in foreign exchange market does not understand by their greed, desire to be rich in no time, and volatility, incorrect use of leverage and small commercial capital, poor money management. But it is a scam. Forex is actually a very interesting business. It is possible that trade from anywhere in the world 24 hours a day and night from Sunday to Friday nights, no boss, no timetable work. Reasonable amount for currency trading should be $ 10,000 to trade with many mini (1 mini lot = 0.1 group). Of course, you can start to trade with amount less than 10k but increase the risk. And never start forex trading with less than $ 2,000 amount as it would be doomed to lose. Another important thing is brokerage firm which opened a trading account. If you are interesting I could introduce you to foreign exchange brokerage firm that is regulated by the Swiss Federal Department Finance, audited by KPMG. It could also give him more than 50 e-books, lessons and trading systems makes their trading simple. So if you wish e-mail or pm me. Good luck!