One of my ongoing quests in life, is to find the scams that are losing traders and investors all their money.
At least once a week, I Google this exact phrase.
“How to get rich quick with trading?"
You'll be surprised at the number of unregistered companies and individuals there are, trying to swindle people's hard earned money.
But the scam I want to talk to you about today is the B... ››› more
There are so many Forex scams out there promising fast gains and lucrative returns, that when most traders hear the word “Forex”, they immediately think that we're out there to swindle you out of your money.
But at FSPInvest, we don't make promises that we can't keep. So when we say that our Forex Trader service is a great way to make quick gains from trading international currencies, we m... ››› more
Five Christmas trading scams - Part 5: Your trading scam questions answered!
Johannesburg, South Africa
Timon Rossolimos, Editor Trading Tips
Dear Trading Tips reader,
What better way to end the Five Christmas trading scams than with your questions answered.
We've had hundreds of questions asked on the InvestorsClub.co.za about trading and investing scams.
... ››› more
First thing in the morning, you grab a coffee and open the newspaper. You scan through the headlines to see what's going on in the world. And then you decide to look at the classified section. In your mind you have that idea. One day there'll be a profit opportunity for you to make a side income from doing what you love. There is one tiny advert saying: Forex Trader wanted: Bank R100,000 a month t... ››› more
When there are opportunities to take someone's money, there are opportunities for fraud. I'm sure you've received a couple of these kinds of SMSs. “You just won R500,000, claim your prize now” “You're our 1,000,000th customer, you've just won R50,000” “Bank 1 million rand from doing absolutely nothing, just fill in this questionnaire” The catch is when you have to put in your banking d... ››› more
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