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
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
It's an ongoing quest trying to find the best broker. You'll always look for the cheapest broker with the lowest costs. But sometimes, finding that “amazing” broker can cost you thousands in the long run. Let me explain.
They will suck cash until you’re broke!
In an enormous market like the Forex market, competition is extremely tight. Brokers have to go out of their way to find the best... ››› more
Forex markets are among the most active and profitable trading markets, in the world. And where money lies, so do opportunities for fraud, profit and manipulation. You need to watch out for those serpent companies out there. Their sole purpose is to generate profits for themselves and for NO one else. And sure business is business at the end of the day. But ethics are also ethics. And when a busin... ››› more
If it sounds too good to be true, it probably is! This is true for most things, especially those that have to do with money. Don't be swayed by big promises, especially if you're new to forex trading. Today, we reveal three tips you can use to spot forex trading scams…
URGENT: Next trade imminent!
On 24th March 2014 Forex Trader subscribers banked a ... ››› more
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