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Forex Trading Fraud
A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to profit by trading in the foreign exchange market.
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Fraud Advisory from the CFTC: Foreign Currency Trading (Forex) Fraud
Information for the public about foreign currency fraud.
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Automated Robot Brings Forex Day Trading Currency Markets to Its Knees
FapTurbo software has recently released an automated robot for trading the forex day trading currency markets. This software has been causing some controversy in the forex day trading currency markets. Instead of humans making buy and sell decisions programs called robots can make the trades with greater consistency. When humans make trading decisions results can be erratic because of emotions influencing the trades. Robots have had mixed results in the past but the FapTurbo has had such consistent gains that at least one forex broker has banned it's clients from using it. Some brokers who consider themselves "market maker" set up their system to where they profit from their clients losses. The majority of forex traders lose money and some brokers count on this and they place their spreads and entry and exit points so that they profit when their clients lose. When clients start getting consistent gains these brokers start losing money. A certain online forex brokerage called XXX Securities, (we cannot mention the name for legal reasons unfortunately) decided to ban FabTurbo from being used on it's platform. On the other hand more honest and reputable brokers such as FXCM and FXpro have called the makers of FabTurbo to congratulate them on their amazing success and they welcome their clients to use this type of robot. The more honest brokers are happy to have their clients making money. If your forex day trading currency broker gets upset when you start consistently making money maybe it's time to look for a new broker. Watch FAP Robot trade the forex live. http://freeworldmarketing.com
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