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You are here: Home > Finance > Currency Trading > Forex Scams: How to Spot Them A Mile Away |
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Casual Articles - Forex Scams: How to Spot Them A Mile Away
Top 10 Holiday Franchises - Small Businesses Made for the Season $100,000.Owning a franchise is a wonderful business opportunity that more and more individuals are taking advantage of each and every day. And, with all businesses there are certain times of the year that are more profitable than others. For the following 10 franchises the holiday season is one of the most profitable times of the year. Of course, more work is required to match the demand during the holiday season but the owners of the following franchises don't mind because they will surely be in the black throughout the holidays.The UPS StoreDuring the holiday season almost everyone buys gifts and greeting cards for their friends and loved ones. However, there are many individuals whose family and fri Several months later, W received statements (which were false) from K’s firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K’s Make Your Site Easy for Your Visitors to Navigate In recent years, investors have witnessed increased number of investment opportunities and offerings. While the complexity and success of these investment products vary, technological innovation has made the Forex market one of the fastest growth areas. Many of the leading Forex brokers reported up to 500% rise in the number of new retail customers. However, the growth of the Forex market has been accompanied by a sharp rise in foreign currency trading scams.I had a good laugh the other day while researching this topic when I read that websites should be designed so even your grandmother or grandfather can find their way through it. I laughed since I am a grandfather which indicates that the site must be REALLY easy to navigate. - LOL.What caused me to focus on this subject came from working on a particular website. Like most websites, it started with only a few pages and was easy to navigate. And like most websites, it grew and became more complex which complicated the site navigation.The original site navigation pattern was a circular pattern where the reader would follow the links from one page to the next until he/she arrived back at the starting pag Many of these Forex scams are promoted on the radio, television, newspapers and the Internet. Investors who fall victim to these schemes, often lose all of their money. As an illustration, let’s examine the facts of a recent case involving Forex fraud and its consequences. W learned of a foreign currency trading opportunity through an infomercial on the radio. K, the owner of a Forex asset management firm, spoke during the infomercial, promising viewers significant profits with minimum risk. After seeing the infomercial, W contacted K, and later attended a seminar presented by K and his firm. The seminar was so convincing that W wrote a check to K for $100,000. Several months later, W received statements (which were false) from K’s firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K’s F Copywriting for Trade Show Display Layouts - A General Road Map ers reported up to 500% rise in the number of new retail customers. However, the growth of the Forex market has been accompanied by a sharp rise in foreign currency trading scams.Many small business owners make an attempt to create their own layouts for their initial trade show display. This makes perfect sense because most small business owners are used to doing everything themselves and like the idea of saving a buck when possible. At the same time they may not be sure that trade show marketing is going to help their overall marketing effort. It is often a catch 22 because they are not sure whether it will help, so they try to cut corners to save money on their display which in turn will probably causes their trade show marketing result to show diminished returns. I deal with this more often than not on a daily basis.Obviously, the best scenario would be to hire a professiona Many of these Forex scams are promoted on the radio, television, newspapers and the Internet. Investors who fall victim to these schemes, often lose all of their money. As an illustration, let’s examine the facts of a recent case involving Forex fraud and its consequences. W learned of a foreign currency trading opportunity through an infomercial on the radio. K, the owner of a Forex asset management firm, spoke during the infomercial, promising viewers significant profits with minimum risk. After seeing the infomercial, W contacted K, and later attended a seminar presented by K and his firm. The seminar was so convincing that W wrote a check to K for $100,000. Several months later, W received statements (which were false) from K’s firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K’s Employee Owners vs. Employee Renters: Which Do You Employ? stors who fall victim to these schemes, often lose all of their money.Employees are a lot like cars or houses. The amount of care, attention to detail, and feelings of permanency we project toward our cars or houses is comparable to the way employees view their work relationship. Consider the analogy.Employee RentersWhen we rent a car or a house, we are less likely to spend a lot of time caring for it, nurturing it, or preserving it. On vacation, when we hit a big bump on the road, we say, “no big deal… it’s a rental.” Or if we knick the wall of our rented apartment we say, “oh well, we’ll be moving soon.” Our attention to the little details are not as precise because we know our relationship with that particular car or house is not going to last forever. As an illustration, let’s examine the facts of a recent case involving Forex fraud and its consequences. W learned of a foreign currency trading opportunity through an infomercial on the radio. K, the owner of a Forex asset management firm, spoke during the infomercial, promising viewers significant profits with minimum risk. After seeing the infomercial, W contacted K, and later attended a seminar presented by K and his firm. The seminar was so convincing that W wrote a check to K for $100,000. Several months later, W received statements (which were false) from K’s firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K’s Thinking Through Problem Solving of a Forex asset management firm, spoke during the infomercial, promising viewers significant profits with minimum risk. After seeing the infomercial, W contacted K, and later attended a seminar presented by K and his firm. The seminar was so convincing that W wrote a check to K for $100,000.Change hits hard, fast, and often. It shifts our focus, changes our direction and alters our plans. Change leaves us stumped by questions we’re not prepared to answer and searching for questions that we never thought to ask. Left on the road, between what we were once sure of and the indecision of which way to go, a problem awaits to be solved.Problems Begin with One Unanswered QuestionHearing the word problem, we automatically think of some catastrophic event requiring kick-off meetings, project teams, and an all-out hunt for the illustrious root cause. Usually, however, problems are much more subtle than that. They move in quietly, riding the coattails of change or they drag chan Several months later, W received statements (which were false) from K’s firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K’s Never Stop Thinking $100,000.In order for your dreams and visions to become a reality, you must continue to think that you’re going to become successful, that you’re going to surpass all of your expectations in life, and that nothing is going to come in your path to prevent you from achieving your goals. Without the right amount of positive thinking, you may never attain success.You have to imagine where you want to be in life. Think of your imagination as the mental canvass where you can dream, wonder, think of possibilities, and just let your mind wonder and wonder into new worlds. Having an imagination in the key to creativity.You need to be thinking about your plan and if you don’t have a plan you better make one right now. Several months later, W received statements (which were false) from K’s firm reflecting significant returns on his initial $100,000 investment. Thereafter, W attended another seminar and decided to invest more money. W took a loan and invested another $800,000 in K’s Forex trading operation. Short while after W’s second investment, the Securities and Exchange Commission filed a complaint against K and his firm for engaging in a scheme to defraud investors. K’s firm’s assets were frozen, including the $900,000 invested by W. A receiver was appointed to distribute the remaining assets of K’s firm to defrauded investors. The assets were distributed on pro-rata basis with no legal preference given to any of the victims. Since K’s firm’s assets were not enough to satisfy all of the defrauded investor’s claims, W received only about $22,000 of the $900,000 he invested. Since a whole book can be written on the various tactics and methods used by Forex scam artists, in this article, I will focus on the major warning signs that one needs to identify to avoid falling victim to Forex swindlers. 1. Promises of Little or No Risk If you encounter a Forex firm that claims to have developed a foreign currency trading strategy that carries very little or no risk, stay away. The reason Forex trading can be very profitable is because it also carries a very high risk of loss. The Forex
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