The Truth About Forex Scams
So what are forex scams? Some people jump to the conclusion that anything that doesn't make them rich overnight is a scam. They do not want to have to spend any time developing skills - they want something that works like magic, without putting in any effort at all. That's clearly crazy. If such a thing existed, everybody would be using it ... and when you think about the economics, even if something like that was invented, it wouldn't be effective for very long.
The fact is that the money you make has to come from somewhere. Technology can improve our methods of producing goods so that everybody's standard of living improves and everybody becomes richer in real terms. However, when you are trading, gambling or doing anything else that involves 'pure money' without any goods or services being produced, then for one person to gain, another person or institution has to lose.
In the currency trading field, there are losses taken by people and financial institutions which are unknowledgeable or unconcerned with the fluctuations in the global currency markets. Importers and exporters cannot usually afford to wait for ideal currency exchange rates to schedule payments. Those taking overseas vacations similarly cannot let these factors dictate their schedule. It is simply not possible for everyone who gets involved in the Forex market to make money.
The next time you?re reading through a web forum on the topic of Forex and you?re trying to decide whether or not the negatives you?re reading about a given product or service mean that it is one of the Forex scams, you should think about how things work in the ?real? (offline) world.
Imagine you bought a book about forex from a bookstore, but the system described in it did not work for you. It might be that the methods in the book were out of date, or they might not be suitable for you for some reason. You would probably have learnt something, and you would just shrug and accept that wasn't the right system for you. You wouldn't go back into town and call the bookstore owner a scammer.
Let?s say that the bookstore had been hyping a new book which was about to come out and was urging every customer to pre-order. However, when everyone showed up at the bookstore on the release date only to find the store shuttered and the owners nowhere to be found, this would be a scam.
A scam is a completely fraudulent business activity which is created with the intention of swindling people. A scam is by definition illegal ? if a product or service is offered in good faith, it is not a scam.
People are naturally a little resistant to buy anything online, especially with the word scam being used so lightly. In many cases, it?s simply a customer who didn?t get the results they wanted trying to shift the blame to the product. While you may not want to buy these products, it would not be accurate to call them Forex scams. - 23222
The fact is that the money you make has to come from somewhere. Technology can improve our methods of producing goods so that everybody's standard of living improves and everybody becomes richer in real terms. However, when you are trading, gambling or doing anything else that involves 'pure money' without any goods or services being produced, then for one person to gain, another person or institution has to lose.
In the currency trading field, there are losses taken by people and financial institutions which are unknowledgeable or unconcerned with the fluctuations in the global currency markets. Importers and exporters cannot usually afford to wait for ideal currency exchange rates to schedule payments. Those taking overseas vacations similarly cannot let these factors dictate their schedule. It is simply not possible for everyone who gets involved in the Forex market to make money.
The next time you?re reading through a web forum on the topic of Forex and you?re trying to decide whether or not the negatives you?re reading about a given product or service mean that it is one of the Forex scams, you should think about how things work in the ?real? (offline) world.
Imagine you bought a book about forex from a bookstore, but the system described in it did not work for you. It might be that the methods in the book were out of date, or they might not be suitable for you for some reason. You would probably have learnt something, and you would just shrug and accept that wasn't the right system for you. You wouldn't go back into town and call the bookstore owner a scammer.
Let?s say that the bookstore had been hyping a new book which was about to come out and was urging every customer to pre-order. However, when everyone showed up at the bookstore on the release date only to find the store shuttered and the owners nowhere to be found, this would be a scam.
A scam is a completely fraudulent business activity which is created with the intention of swindling people. A scam is by definition illegal ? if a product or service is offered in good faith, it is not a scam.
People are naturally a little resistant to buy anything online, especially with the word scam being used so lightly. In many cases, it?s simply a customer who didn?t get the results they wanted trying to shift the blame to the product. While you may not want to buy these products, it would not be accurate to call them Forex scams. - 23222
About the Author:
Author Jack Sawyer can help you locate the greatest Forex Software. To learn Forex Trading Online go to http://www.forex-product-review.com.
posted by X - Men @ 4:17 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home