RSS Banner


Don’t Always Believe The Promises Of High FX Trading Returns…It Just May Be A Scam

Posted by: William Riley  /  Category: Finance

We decided to give this product a look at prior to writing anything about them. There is a large amount of unfavorable chatter on the net about the dishonesty level of their Fx Signals service so we had to see for ourselves if it was accurate or not. Regrettably, it’s actually all accurate. The performance stats they publish, including all the trade details, are entirely and totally different than what you would get. They are not even close. There is no doubting it.

When we emailed them regarding variance with the trades, they would rapidly answer “Oops, thanks we will fix this immediately” which would come from the CEO Mauro Sciaccaluga yet nothing was ever fixed. When we inquired to cancel our membership and for a refund per their guarantee, there was no response. Not really a big shock. If the program is bogus, so would their money back guarantee. Hopefully no one is crazy enough to buy into their Lifetime subscription offer. Life time offers are normally tip offs to scams.

Is there any method of acquiring our money back? Absolutely no! For the reason that Mauro utilizes for his transaction plimus which runs in a related fashion to paypal and because his product is a service, under their user agreement, they do not provide charge backs on services. If it was a product, maybe we would have better luck.

An additional item in which we find is very dubious is their relationship with the forex broker AvaFX. Buy Forex Signals gives members a free membership to their services when you open an account with at least $500 at AvaFX. Why is this suspect? AvaFX is a Dealing Desk Market Maker broker which means they take the other side of your trade. If you win, they lose. If you lose, they win. Therefore it is evident to say that much like a gambling establishment in Las Vegas, they want you to lose and how else better to do so than with the use of the losing signals you will acquire from Buyforexsignals.com. When it comes to currency trading brokers in common, it would be sensible to stay away from Dealing Desk Market Makers. They are similar to online gambling sites that do not want you to win. They will do everything in their power to make trading tough for you with stop loss hunting and re-quotes. And if you are able to defeat them and turn a profit in your account, odds are they will turn up the heat and make it even more difficult until they can get you to blow out your account.

So what are the three lessons learned here? One, be very mindful when purchasing a Currency Signals service or any service for that matter utilizing Plimus, paypal or any 3rd party service as your method of payment. Your best bet is to merely use your credit card directly as payment. If Paypal or Plimus is all that they use, then turn away. No one is that distinctive to where you ought to take on the danger of losing your funds.

Second, which is more important and will override the 1st, by no means ever spend for a trade forecasting program whether it is Forex, Stocks, Bonds, Futures or anything that is predictive unless they provide you with a FREE TRIAL. The trial should be for a bare minimum of 2 weeks. If they don’t offer a demo, run like heck because odds are that they have got nothing at all good to offer and they are banking on you buying into their seductive guarantees of huge earnings for a Month, Quarter or a Jackpot (to them) One Year subscription. With regard to frauds such as these, it is not necessarily about renewals; it’s about making that one particular sale. A sale that is nothing more than a con to get your money.

And finally the third lesson; be careful of Dealing Desk/Market Maker Forex Brokers. Their business model is developed to profit from your losses. That is not a broker you want or should be doing business with, specially when they partner with questionable companies that do practically nothing but provide you with losing trades.

Day Trading scams is a blog devoted to discovering the unkown about people and companies such as ifundtraders.com. Visit today to read informative articles about Oliver Velez.

How To Invest Internationally Using Information

Posted by: John L. Jakubowski  /  Category: Finance

It is only good investor sense and sound planning that helps one know how to invest internationally. It is no playground for an amateur and hence should be treated carefully. Investing your money in off-shore investments and instruments is a lucrative and profitable idea provided you consider some important aspects and understand the market well before plunging.

Even the most experienced investor will tell you that it is extremely risky business moving money off-shore and if you aren’t careful you could end up losing more than what you put in originally. A local investment is easy to monitor and control as you can work within direct contact with it. Not mention the liquidity of it; you can easily take your money elsewhere if you have it where you can keep a close eye on it.

The currency of the country as well as the actual market itself; play a major role in your investment and how well it does. Considering these two aspects of foreign investment, it becomes clear that you need to have a solid understanding of both before you can make a success of your foreign investment.

There are two very important aspects to be considered before investing internationally. Since the international trading is done in different currencies, you need to know and understand how the exchange rate and exchange market function. There are millions of traders trading actively on almost a daily basis. Various factors govern the appreciation or depreciation of currencies and in fact your own currency may increase, decrease or even disappear if not monitored regularly. It is imperative that you watch the movement of your country’s currency and your own money with a hawk’s eye. Through experience and time you will be able to identify the indicators that will give you a roughly sensible idea of how things will turn out in the international market.

The other important aspect is to understand that markets operate differently, especially when you compare it with your local investment markets. Take time and research well to understand how your money will perform if you invest in a particular foreign instrument, this information will help you decide what to do next or how long to hold your money in a particular position or how much to invest to incur the least possible risk. The volatility of the market will determine how long or how short a period of time you should keep your money there.

A couple useful places to look at in terms of the type of investment you should make, you can consider foreign bonds, foreign currency, international stocks, mutual equity funds or even direct investment into companies themselves. Each of these has a number of considerations that you have to bear in mind when putting your money into them.

They all have their benefits and obvious returns that you should look into before making your investment, by simply knowing what to look for you can maximise returns and minimise your risk.

Are you searching for a good international investment strategy that works for you? Before you waste your time searching for a good strategy, check out BeforeYouInvest.com’s investing for beginners guide before you do anything else. BeforeYouInvest.com reviews everything from stock market investing to the international investment strategy so take a look.

Euro Currency Profile (Part III)

Posted by: Ahmad Hassam  /  Category: Finance

ECB publishes monthly bulletin detailing analysis of economic conditions. This bulletin can give important signals to changes in the monetary policy. Forex market participants widely watch the comments by the members of the Governing Council of ECB. These comments frequently tend to move the Euro.

All major euro crosses are highly liquid. Now EUR/USD cross is the most liquid currency. The movements of EUR/USD currency pair are used as the primary gauge to judge the health of both European and the United States health. Euro is also known as the anti-dollar since it is the dollar fundamentals that have dictated the movements in the EUR/USD pair from 2003-2008.

As they have tight spreads, make orderly moves and rarely gap, EUR/USD and EUR/GBP are great trading currencies. EUR/JPY and EUR/CHF are very liquid pairs too and are used to judge the health of the Japanese and Swiss economies. Always remember to understand and study each currency pair in detail. Each currency pair has a unique behavior that you need to understand before you plan to trade that pair.

Euro was launched in 1999. It is still a new currency. Euro has unique risks. There are number of risks unique to the Euro. The most important is the exposure to the economic, political and social development of 15 member countries.

Although more countries are expected to join EMU, however, if a member country drops Euro and reverts back to its original national currency because it believes that ECB actions are not in its best interests, it could affect the stability of the entire region.

ECB has the power to determine monetary policy for its 15 member countries. However, we can say Euro is a currency without a country. With that comes the political pressure of 15 governments. This political pressure frequently tests the actions of ECB.

However, the rapid response of ECB to the present global financial crisis in the shape of deep liquidity injections has transformed its reputation. The spread between 10 year US Treasuries and 10 year bunds can indicate Euro sentiment.

Another important interest rate is the Euro Interbank Offer Rate (Euribor). This is the rate offered from one large bank to another on interbank term deposits. Traders tend to compare the Euribor futures rate with the Eurodollars futures rate.

Higher spreads between the two rates makes the European fixed income assets more attractive. Lower spreads make the European assets less attractive. Merger and Acquisition activities between US and European multinationals have important implications for EUR/USD pair. Large deals if in cash have often significant short term impact on EUR/USD.

The largest countries in EMU are Germany, France and Italy. Study of the economic data of these three large countries is also important in determining the market bias for Euro. Important indicators for Euro are Harmonized Index of Consumer prices (HICP), M3, German Unemployment, Preliminary GDP that includes France, Germany and Netherlands, German Industrial Production, Individual country budget deficit.

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Try Strignano’s Forex Signals free. Discover a revolutionary Forex Robot Trading System!