The Truth About Forex Scams

So what are forex scams? Some people jump to the conclusion that anything that doesn’t make them rich overnight is a scam. They do not want to have to spend any time developing skills – they want something that works like magic, without putting in any effort at all. That’s clearly crazy. If such a thing existed, everybody would be using it … and when you think about economics, even if something like that was invented, it wouldn’t be effective for very long.

Thực tế là tiền bạn kiếm được phải đến từ đâu đó. Công nghệ có thể cải thiện các phương pháp sản xuất hàng hóa của chúng ta để mức sống của mọi người được cải thiện và mọi người trở nên giàu có hơn trong điều kiện thực tế. Tuy nhiên, khi bạn đang giao dịch, đánh bạc hoặc làm bất cứ điều gì khác liên quan đến ‘tiền mặt thuần túy’ mà không có bất kỳ hàng hóa hoặc dịch vụ nào được sản xuất, thì khi một người được lợi, một người hoặc tổ chức khác phải thua.

It is true that in forex currency trading exchange, some of the bad prices are taken by people or institutions who either do not know or do not care. Businesses who import or export goods rarely bother to try to schedule their payments for a moment when the exchange rates are favorable. People taking a vacation overseas are the same. Nevertheless, there are so many people and institutions in the ‘pure’ forex market these days that it is simply not possible for everybody to make money from forex trading.

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.

Imagine you bought a book about forex day trading from a bookstore, but the system described in it did not work for you. It might be that the methods in the book were out of date, or they might not be suitable for you for some reason. You would probably have learnt something, and you would just shrug and accept that it was not the right system for you. You wouldn’t go back into town and call the bookstore owner a scammer.

But if the bookstore was inviting everybody to preorder a great new book on forex that was about to be published, and you and 1000 other people all handed over your cash, and the next day the store was closed and the owner had left town … that is a scam.

A scam, according to the dictionary, is ‘a fraudulent business scheme; a swindle’. A scam involves fraud and an intention to deceive. Scams are illegal. It is not correct to use this word to describe something offered and delivered in good faith.

People are very cautious of buying online and you will often see the word ‘scam’ thrown around without much justification. Usually it is just a case of a frustrated customer trying to blame the product for his inability to be successful with it, or it might be something that worked at one time but is out of date or has been overused. You wouldn’t want to buy it except for historical interest but it wouldn’t be right to call these systems forex trading scams.

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