Here is an important article for Forex investors, especially amateurs. I have copied the opening paragraph and given the link to the original article. Please read the article and consider the cautions listed. The money you save could be your own.

The spot forex market is said to trade at over $1 trillion a day. Combine that with currency options and futures contracts, and the amounts could literally be another couple trillion traded on any given day.

In its 2009 report, the Foreign Exchange Committee at the Bank of International Settlements estimated the total numbers of forex-related transactions to be $3.2 trillion. With this type of money floating around an unregulated spot market that trades over the counter with no accountability, forex scams can only increase with the lure of earning fortunes in limited amounts of time. Many of the old popular scams have ceased, due to serious enforcement actions by the Commodity Futures Trading Commission and the 1982 formation of the self regulatory National Futures Association. However, many scams still exist, and new ones keep arising.

Here is the link again. Use it wisely.

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Tags: currency options, forex scam, spot forex market, unregulated spot market