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Protecting your investments

George Sterling | Monday, November 26th, 2012

According to a recent study, Forex transactions that were unregulated were estimated to be $3 trillion last year. The spot Forex market is full of unregulated transactions because it is done only over the counter. In such scenarios, there is no proof that you are dealing with the right broker and which is why this kind of trading is full of risks and scams. Spot Forex trading is very appealing due to its nature, but it is a tricky business that many get entangled in and witness massive losses. Over the past year the authorities have done well to stop scam spot Forex transactions, but because of its unregulated nature, the scams always return.

In order to protect your investments from these scams, it is important to identify the warning signals yourself. Most experts have agreed that signal sellers who operate are usually scams. These individuals or companies are trained in luring people into believing that riches are promised to them if they invest in the industry. They convince a common trader and let them invest through and then they disappear. But that doesn’t mean that all signal sellers are scams, it just depends on the ability of the trader to detect false signals.

There are also many automated systems available that help you invest, but these are not completely accurate. This is because the system themselves are made and handled by traders that you may or may not know. Because the way the system is coded, there is no guaranteed that it will offer accurate signals. These automated systems also take away the freedom from the trader which results in a trader investing in random pairs which are set by the signal sellers blindfolded. In order to avoid getting on the bad side of trading using automated systems, always select a system that is tested by the authorities for reliability.

When you are choosing a broker to trade with, always make sure that your broker has separate accounts with every trader they work with. You really don’t want your funds to end up with people who you do not trust, so be sure that an individual account is handing your funds so that these can be tracked easily by you. In any sort of market, risks are always there, but that does not mean you don’t explore the market. Just be aware of the market before you start investing, this will help you work with the right people.

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