Friday, August 21, 2009
Forex scam
A forex scam is any trading schemeused to defraud individual tradersby convincing them that they canexpectto gain a high profit bytrading in the foreignexchangemarket. Currency trading "hasbecomethe fraud du jour,"according to Michael Dunn ofthe U.S. Commodity FuturesTrading Commission.[1] But"the market has long been plaguedby swindlerspreying on thegullible," according to the NewYork Times [2]."The averageindividual foreign-exchange-tradingvictim losesabout $15,000,according to CFTC records" accordingtoThe Wall Street Journal. [3].The North American
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Forex scam
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A forex scam is any trading schemeused to defraud individual tradersby convincing them that they canexpectto gain a high profit bytrading in the foreignexchangemarket. Currency trading "hasbecomethe fraud du jour,"according to Michael Dunn ofthe U.S. Commodity FuturesTrading Commission.[1] But"the market has long been plaguedby swindlerspreying on thegullible," according to the NewYork Times [2]."The averageindividual foreign-exchange-tradingvictim losesabout $15,000,according to CFTC records" accordingtoThe Wall Street Journal. [3].The North American







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