[disinformation editor's note: We decided to run this article because of recent wild swings in currency exchange rates resulting from turmoil in the financial markets. We recognize that the author is promoting his website but feel that our readers may still value the information.]
Trading in foreign exchange, or forex, has become increasingly popular in recent years for a variety of reasons. The Internet has become the “Great Facilitator”, but has it also spawned another industry, that of forex fraud?
Unfortunately, the answer to that question is a resounding “Yes”. Foreign currency trading is not immune, not by a long shot. Published figures from federal authorities note that forex fraud has increased dramatically, impacting 26,000 individuals to the tune of $460 million over a period of six years, and that was three years ago. With this kind of “music” playing in the background in the shadows, what must a forex trader do?… Read the rest