How Not To Fall For A Forex Scam

Yusra3

VIP Contributor
If you are looking for a way to make money online, you might want to consider forex trading. Forex is an abbreviation for foreign exchange, and it refers to the buying and selling of currencies.

If you're thinking about getting into forex trading, there are a few things you should know first. Forex scams are everywhere and they're not hard to find if you just look around.

Here's how NOT to fall for a forex scam:

1) Look at the history of their website. If they're new, there's probably something fishy going on and chances are, it's going to be bad. And if they've been around for a long time but have suddenly vanished? You can bet that something was up with them back then too!

2) Look at the technical indicators on their website (like price charts or social media stats). You should see lots of activity from people who are making money using their methods but if there's no evidence of that happening? Take heed!

3) Look at the name of the website and see if it sounds familiar. If so, then you've probably been targeted by a scammer before and will want to look for signs that this site is not legit.

4) Check out previous reviews or testimonials on the site. If they're fake or made up by someone who's trying to scam others, then don't trust them.

5) If you're still not sure what to do next, then just Google "Forex Scam" and see what comes up. You might find some helpful resources that can help guide you through things like what to look out for when dealing with these types of scams.
 
Top