With the rise in popularity of Forex trading as a way to invest extra capital and make money, there has also been a rise in the number of Forex scams that you need to watch out for.
Knowing what to look for to spot a Forex scam is just one part of the solution — you should also know what NOT to expect when you get into trading Forex to avoid being the next victim of one of these Forex trading scams.
What Is Forex Trading and How Does It Work?
Forex is a combination of the words “foreign” and “exchange.” Forex trading is the buying and selling of foreign currencies, which are traded in specific currency pairs, such as the Euro and the US Dollar (EUR/USD). All Forex trades are made through Forex broker platforms.In order to make money, you might buy Euros at the price of $1.18 USD, then sell them when they are worth $1.21 USD, but there are many different ways to trade Forex. To find out more about Forex trading, such as how the different Forex markets work