Forex trading investors are being warned against scams that lure in investors only to rip them off of their hard-earned money.

Posted at Aug 31 MANILA, Philippines — Forex trading investors are being warned against scams that lure in investors only to rip them off of their hard-earned money. Financial adviser Salve Duplito said here are three signs that investors are getting into a forex trading scam:.

Forex trading investors are also warned against automated forex trading systems sold on the internet. Justin Jung, chief executive officer of MetisEtrade, recommends that investors should instead create their own system or at least test the systems on a simulation account first. In MetisEtrade, this black box system is developed by three experts in different parts of the world. Jung also noted that most of these forex trading tools promise a secret formula but are being sold to everyone, which begs the question: He said that legit forex trading operations are also being hurt by scammers who claim they can teach people how to earn millions in forex trading.

I cannot give you that. They can teach them the way to train and the discipline. But they cannot make them a champion. Same way, no market expert can make other people the expert in trading.

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Electricity rates go down this June About Careers Privacy Terms Contact Us Advertise With Us. Toggle navigation Toggle Universal Navigation News. ABS-CBN News Posted at Aug 31 Financial adviser Salve Duplito said here are three signs that investors are getting into a forex trading scam: High fees for seminars and high commission fees. Brokers are promising guaranteed returns.

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The company is registered in tax havens like New Zealand and Indonesia. Jung said once this black box system is open to the public, opportunity disappears.

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