Wednesday, January 7, 2009

Be aware of the following


Scams in FOREX will leave you broke and sometimes in debt;


they will take your money, run away with it and you have no way of contacting these people or companies again. To avoid this, you need to investigate about the company or the people you are investing your money into; check if they have a business license in your country. If they aren’t license in your country to do FOREX, they’ve most likely been involved in a scam before.
The knowledge about this money making scheme that only FOREX can provide spread like wildfire over this past five years –thanks to the Internet. Now, if a person wants to invest in FOREX, he can just go to his local bank and ask for their FOREX broker to make the transaction. In return, these banks take some commission from the deal, which is normal.

FOREX scams come also in the form of software that supposedly design to help you learn FOREX trading by letting you practice trading in real time; hoping that when you do the actual trading, you’re already good at it. Trust only proven and tested software or system; do background check on your find. However, the best way to avoid scams is to seek advice from people in the know about FOREX and the FOREX market; you can usually find them in your local banks.


[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

No comments: