Signs of a forex scam

by John Jagerson I have noticed that most of us involved in the forex are actively studying anything new and trying to increase our repertoire of good strategies and techniques. In most cases, we are willing to listen to just about anyone because we know nothing is perfect and there may be clever insights that the newest beginner can share. Sometimes we will also pay for access to information or services. We all pay a broker or dealer in some way to trade and I know a lot of us have computer programs, charting stations or other functionality that has improved our analysis. However, because the forex is so free, it is ripe with scammers, spammers and jokers of all types. I have noticed that there are some common denominators in their sales pitches. I am sure you have noticed some of the same things. I seriously doubt that we could find a legitimate company that has a sales pitch that fits this pattern as perfectly as the scammers. 1- Techniques, information or education is modeled after the "market elite." I call this the "Wall Street fat cats don't want you to know" pitch. 2- The information they offer is hidden from normal participants. Only they can unveil these mystical signals of the forex. 3- Regular profits will be seen by using their service. Although the returns promised varies from scammer to scammer, they all represent that those profits will be regular and smooth. We all know that isn't true in the forex, or any capital market. 4- Limited time offers are used to imply scarcity. In this video I highlight one scammer that has had the same limited time offer for the first 100 buyers since 2004. That is limited only in the cosmic sense. Check out the video here: [url]http://www.pfxglobal.com/index.php?option=com_content&task=blogcategory&id=27&Itemid=164[/url]