Scams activities in the forex market

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Thread: Scams activities in the forex market

  1. #1
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    Default Scams activities in the forex market

    Scams activities in the forex market
    The regulators save and alert traders regarding scams activities in the forex market. They are designed to address the modern challenges of forex markets and effectively respond to threats. Regulators work hard to remove a scammer from the forex market. So, it is wise to trade with a regulated broker like Eurotrader to avoid scams in the forex market. Regulators are also responsible for formulating new financial legislation. So regulated brokers provide maximum safety in trading.

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    Scalping is a profitable short term strategy but it has risk also. Most traders do not get success in scalping. Scalping tends us to do more trading. As a result it creates undisciplined traders. After getting skilled you can do scalping. For scalping you need a good broker like Forex4you that provides low spreads and instant trade execution. It also gives very low spreads as low as zero pip and up to 500:1 leverage which is good for scalping.

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    The importance of demo trading is undeniable, but there is a big difference between demo and live trading performances. Demo traders lack emotion in trading due to virtual money. Many lose interest in demo trading. That's why it's more important to use a micro account instead of a demo. Many brokers like Eurotrader also offer micro accounts where you can trade for only $50.

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    Scams are a big problem for the forex industry, unfortunately. The only way to avoid becoming a victim is to stick to properly regulated brokers licensed by reputable regulators. Random offshore agencies are not considered reputable.

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    Many brokers in the trading world cheat and deceive many traders. I always try to stay away from those brokers. Many brokers trap traders to make a profit. Always refrain from all those brokers. As a trader, I support Eurotrader brokers. This broker helps me a lot.

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    By using the higher trading leverage in Forex market traders are earning good amount of money easily. From all trading tools in this largest decentralized market leverage is best to earn good money rapidly but the high leverage contains high risk. I prefer the high trading leverage that is why I choose TP Global FX trading broker for my trading. They allow the higher trading leverage that is 1:500. Now I am earning huge money.

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    in ro ham eslah kon:
    No, Forex is not scam. But the problem is that due to some broker people start pointing fingers at this whole business. This is something we need to watch. I have myself struggled with company like Instaforex, but I know it very well that it’s part and parcel of life.

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