Warning Signs for Currency Trade

Here are few warning signs for forex trading to save yourself from any fraud dealing:

1. Stay Away From Opportunities That Sound Too Good to Be True.

2. Avoid Any Company that Predicts or Guarantees Large Profits.

3. Stay Away From Companies That Promise Little or No Financial Risk.

4. Don't Trade on Margin Unless You Understand What It Means.

5. Question Firms That Claim To Trade in the "Interbank Market"

6. Be Wary of Sending or Transferring Cash on the Internet, By Mail or Otherwise. Be especially alert to the dangers of trading on-line.

7. Currency Scams Often Target Members of Ethnic Minorities.

8. Be Sure You Get the Company's Performance Track Record.

9. Don't Deal With Anyone Who Won't Give You Their Background.