The Truth About Forex Scams
What makes for Forex scams? A lot of people think that any Forex trading system, informational product or service which fails to make them rich beyond their wildest dreams overnight must necessarily be a scam. These are generally the same people who flee from get-rich-quick scheme to get rich quick scheme, constantly disappointed because they fail to get rich. These people are unwilling to spend ay kind of time or effort learning how to make a product or service work for them and they just accuse them of being Forex scams. There is no such thing as a system which will make you rich overnight. Think about it for a minute ? if there was such a thing, wouldn?t we all be using it already? This system would also not continue to work so well for long ? it?s a matter of elementary economics.
All that money has to come from somewhere. While the standard of living can be raised universally by technological developments and other innovations, all trading or any other economic activity where there is no value being produced is a zero-sum game. For one person to make money, someone else has to lose it.
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.
So when you are in an internet forum and you are trying to decide whether negative comments that you read about a product are really a sign of a scam, it is useful to picture the situation happening in the real world, i.e. offline.
Suppose you go to the bookstore and pick up a book on Forex trading. You find that the techniques given in the book do not work out in your case. It can be that the information here is out of date, or there could be any number of other reasons why this book didn?t give you the results you had hoped for. You may have learned a little and simply decided that this book wasn?t the answer for you ? you wouldn?t storm into the bookstore and accuse them of being a scam.
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. - 23212
All that money has to come from somewhere. While the standard of living can be raised universally by technological developments and other innovations, all trading or any other economic activity where there is no value being produced is a zero-sum game. For one person to make money, someone else has to lose it.
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.
So when you are in an internet forum and you are trying to decide whether negative comments that you read about a product are really a sign of a scam, it is useful to picture the situation happening in the real world, i.e. offline.
Suppose you go to the bookstore and pick up a book on Forex trading. You find that the techniques given in the book do not work out in your case. It can be that the information here is out of date, or there could be any number of other reasons why this book didn?t give you the results you had hoped for. You may have learned a little and simply decided that this book wasn?t the answer for you ? you wouldn?t storm into the bookstore and accuse them of being a scam.
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. - 23212
About the Author:
About the author: Jack Sawyer has some great suggestions on finding the best Forex Software. For more information on Forex Trading Online go to http://www.forex-product-review.com.
posted by X - Men @ 1:21 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home