Comments on: 7 Ways to Avoid Forex Scams

By: Caleb

Caleb — Thu, 07 Jul 2011 20:21:16 +0000

I really enjoy reading articles from this blog. Another “must read” for newbies!

By: Bonnie Smith

Bonnie Smith — Wed, 22 Jun 2011 05:12:46 +0000

This article on how to go for identifying forex scams is truly wonderful.

By: Mark

Mark — Wed, 15 Jun 2011 10:23:30 +0000

I like this article very much. But I have one comment to point 5 – regulation. I can’t imagine regulated signal provider or trading coach. Managed accounts provider also for me cannot be regulated if they have proven results. I we discuss about the funds or brokers – I absolutely agree with the regulation.

By: Jonathan Hackman

Jonathan Hackman — Sun, 09 Jan 2011 10:42:53 +0000

The Forex scam in this article involved “hundreds of people” and took them for 190 million. If the number was 500 that would mean these investors put up $380,000 each. Can anyone actually relate to this? I’ve been in Forex for 6 years. The leverage change has hurt the average investor and made start up costs higher. Now I have to have twice the amount in the brokerage account. Trading in lots of 100 on USD means over $200,000 instead of $100,000 in your broker account. So tell me HOW is this protecing the investor? If my broker takes a hike over the weekend I’m out TWICE as much as I would have been under the old leverage. There is no way 50/1 leverage makes investing safer. The Obama administration needed to show they were regulating SOMETHING in the financial world. So Forex got hit and Goldman keeps right on with business as usual.Frank and Dodd should be run out of Washington.

By: Forex Predictions for 2011 | Forex Crunch

Forex Predictions for 2011 | Forex Crunch — Tue, 04 Jan 2011 13:19:02 +0000

[...] it will harder for scammers to fool people, that are more aware of them, and know better how to avoid scams. They’ won’t give up on trying though.Your predictions!: I’d be glad to hear your [...]

By: Jimmy Bagz

Jimmy Bagz — Mon, 06 Dec 2010 18:44:59 +0000

Hmmm. Wonder why they bothered to use a graphic of Frostwire and put SCAM WEBSITE on it…. I assume they couldnt find any scam websites relevent to the article?!

By: It Hit Stop Loss? That Must Be Wrong | Forex Crunch

It Hit Stop Loss? That Must Be Wrong | Forex Crunch — Tue, 30 Nov 2010 18:09:08 +0000

[...] this market.Don’t burn your account because of the broker. Get a better one.Further reading: 7 Ways to Avoid Forex Scams.Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. /**/ [...]

By: Yohay

Yohay — Sun, 12 Sep 2010 08:20:50 +0000

Thanks Irregardless, fixed that.

By: Irregardless

Irregardless — Sun, 12 Sep 2010 08:08:45 +0000

I believe you meant to say “losing” rather than “loosing”.

By: Oops, we’ll reinstate your position | Forex Crunch

Oops, we’ll reinstate your position | Forex Crunch — Wed, 17 Feb 2010 15:01:23 +0000

[...] brokers were born equal. Some will play dirty tricks to drain your account without being typical scammers. Here’s ascenario that happened to me and to many [...]