There are many advertisements about forex trading tricks that will make you money.  It seems easy, because they make it sound like it’s easy.  It also seems like you can repeat is over and over to make you small amounts and have it add up.  Here is a guideline to help you think through forex trading scams and to figure out which ones are legitimate.

There are many forex trading strategies that are being marketed out there.  It’s hard to know which ones are legitimate and which ones aren’t.  The first rule is, if they guarantee returns, they are probably a forex trading scam.

The reality is that no one can guarantee returns on the forex market.  It’s one of the most risky markets in the world.  Even brilliant currency traders can’t guarantee returns.  So if they do, I would run the other way.

The next red flag is when it seems really easy and all you have to do is rinse and repeat.  Here is the reality.  If there was some easy trick to make millions on the forex market guaranteed, they would not be selling it to you.  Instead, they would probably be using it to make money for themselves.

If they make so much money from that forex trading strategy, why would they spend the time and energy trying to sell it to you?  They would only do that if they really weren’t making money from it.

If they were, they would be spending their precious time making money from their trick.  They would also be trying to raise forex investment money to leverage their trading.  If it was such a sure thing, there would be investors climbing over each other to invest in such a fund.

These are some of the things you want to think through to determine if something is a forex trading scam.  Remember, if it’s too good to be true, it probably is.