Best Online Trading Tips How to Not Be Victim of a Forex Broker Scam.


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Best Online Trading Tips: How to Not Be Victim of a Forex Broker Scam. :

Best Online Trading Tips: How to Not Be Victim of a Forex Broker Scam. By: Jay Molina From:

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Online crimes have become more and more common and the worst part is that they are very hard to detect and to prosecute the cyber criminals who take advantage of innocent consumers. You’re about to learn 3 of the best online trading tips to not be fooled into a Forex trading scheme. No physical address, no names, no contact information, “nada”: After reading an article from the Wall Street Journal about online crimes I learned that one of the biggest challenges of cyber criminals is to hide their identity. According to the investigators of virtual crimes at the FBI, ( ) virtual criminals will do whatever it takes to be untraceable.

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As a result, the lack of contact information such as an email address, a business physical address, the name of person behind a company, or similar information should be big red flag. Honest companies and businesses will not hesitate to provide you with their contact information. As they say if you have nothing to hide you have nothing to fear. Only do business with brokers that are register with the NFA, the CFTC or other international regulating entities: Every week I get invitations to sign up as an IB (introducing broker), as a trader, or money manager from brokers from all over the world. While I appreciate the invitations from them; I don’t just send money to the first broker who sends me an email. After years of research I have determine which brokers offer the best spreads, deposit bonuses, and trading platform features (I’ll be soon posting a list of Forex brokers I have reviewed and/or used). Remember, you need to know who are doing business with before you send your hard-earned cash over to any broker.

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Always keep your mind on your money and your money on your mind: There is a famous phrase that says “A fool and his money are soon parted.” The sad part is that most Forex traders are actually pretty smart people but they commit foolish mistakes that cost them their money. One of these mistakes is to not keep track of where their money is going. Many Forex brokers charge you monthly (hidden) fees without really telling you. In conclusion, you need to do proper research BEFORE you open a live account with a Forex broker. I would be glad to give you my opinion about a broker if you want me to. Feel free to send me an email and I will give you my honest opinion.

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Choosing a broker is one of the most important decisions you will take as a FX trader and I hope I was able to help you to protect yourself from scams. In the next days I will be publishing more trading articles and the best online trading tips. Our mission at is to help you and all the other traders from our community to become highly successful and profitable. Did you enjoy my article? Well, you will enjoy my Forex trading course even more! You can now get a copy of my 42 chapter Forex trading course worth over $2000 absolutely FREE! Click here to gain immediate access! ====> To your trading success, Jay Molina Pro Forex Trader & Educator

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