Online Forex Security Tips

Like anything else involving a computer, forex trading (trading in foreign currencies) can leave you open to attacks from scammers and identity thieves. But you can avoid these online forex predators by using common sense and current computer security software. If you think you have been a victim of an online forex scam, contact the National Fraud Information Center and the US Securities and Exchanges Commission (SEC).

You’ve Got The Tip. Now What?

You can get hot tips from a variety of places on the web, even if the places look legitimate. Hot online forex tips can be found on websites, investment forums, in personal finance chat rooms and your e-mail’s inbox. Use your common sense; if the information sounds too good to be true, it is.

Run the tip through this checklist to see if it could be online forex fraud:

Are there a lot of promises of a high returns and low risks? In the investment world, there is no such thing!

Is the investment in another country? That makes it harder to trace where your money actually is going.

Does the informant use a name or an alias?

Go to the website of the US Securities and Exchange Commission (the SEC) and see if the company mentioned in your tip has filed “Form D”.

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Selected Forex Trading Articles

Forex Investors Should Avoid Free Download Programs

The Internet has made many hard to get resources freely available to all of those with a computer and a paid Internet service bill, but a free download program for forex investors has not yet materialized. You can get free SIMULATION download programs for forex investors, but no actual money trades hands. There are also free currency exchange download programs available that might be useful for forex traders, too. [Read full article]
 

A Few Facts Worth Knowing About Forex Currency Pairs

The bare fact is that in order to trade in forex currencies requires trading in pairs of currencies such as EUR/USD in which the Euro trades over the US dollar and this is a typical form of forex currency pairs. In the case of EUR/USD, the Euro which is the first currency is known as the base currency while the second currency or the US dollar is known as the quote currency or counter. What it means is that in the case of these forex currency pairs, if you wish to buy the currency pair, you have to buy the Euro and sell the US dollar simultaneously. [Read full article]
 

Forex News Training Course In Currency Trading

Whether you are just dabbling in Forex or doing full-blown Forex trading, it is vital that you stay on top of Forex news. In fact, some day traders say that following news around the world can be somewhat addicting. With globalization in the news nearly every day, it seems there is always something of interest going on. [Read full article]