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  • #136 Collapse

    how many treasure hunters have bought copies of the treasure map.)

    Paul Belogour, the Managing Director of a Boston-based retail forex trader, was quoted by the Financial Times as saying, "Trading foreign
       
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    • #137 Collapse

      exchange is an excellent way for investors to find out how tough the markets really are. But I say to customers: if this is money you have worked hard for – that you cannot afford to lose – never, never invest in foreign exchange." [17]

      High leverage[edit]
         
      • #138 Collapse

        Contents [hide]
        1 Government interventions
        2 Types of fraud
        3 Increase in fraud
        4 Not beating the market
        5 High leverage
        6 Alleged scamming by country
        6.1 Cyprus
        7 Convicted scammers
           
        • #139 Collapse

          By offering high leverage some market makers encourage traders to trade extremely large positions. This increases the trading volume cleared by the market maker and increases their profit, but increases the risk that the
             
          • #140 Collapse

            trader will receive a margin call. While professional currency dealers such as banks and hedge funds tend to use no more than 10:1 leverage, retail clients may be offered leverage between 50:1 and 400:1.[2]
               
            • #141 Collapse

              Forex scandal
              Fraud
              Gambler's conceit
              Gambler's ruin
              High-yield investment program
              References[edit]
                 
              • #142 Collapse

                ^ Jump up to: a b Lindsay, Daniel (2014-01-20). "Regulatory Holes Provide A Playground For Forex Fraudsters". MahiFX. Retrieved 2014-01-28.
                ^ Jump up to: a b Egan, Jack (2005-06-19). "Check the Currency Risk. Then Multiply by 100".
                   
                • #143 Collapse

                  The New York Times. Retrieved 2007-10-30.
                  Jump up ^ McKay, Peter A. (2005-07-26). "Scammers Operating on Periphery Of CFTC's Domain Lure Little Guy With Fantastic Promises of Profits". The Wall Street Journal (Dow Jones and Company). Retrieved 2007-10-31.
                  ^ Jump up to: a b "Forex Fraud Investor Alert". North American Securitie
                     
                  • #144 Collapse

                    s Administrators Association, accessed January 12, 2008
                    ^ Jump up to: a b Douch, Nick (1989). The Economics of Foreign Exchange. Greenwood Press. pp. 87–90. ISBN 978-0-89930-499-1.
                    J
                       
                    • #145 Collapse

                      ump up ^ "Regulators Join Forces to Warn Public of Foreign Currency Trading Frauds". U.S. Commodity Futures Trading Commission. 2007-05-07. Archived from the original on 2007-11-05. Retrieved 2008-03-18.
                      Jump up ^ "CFTC establishes task force on currency fraud". Washington Po
                         
                      • #146 Collapse

                        Foreign exchange marketst. 2007-08-11.
                        Jump up ^ The Federal Register Section E. The Commission's Proposed Rules
                        Jump up ^ SOFTWARE VENDOR CHARGED CFTC News Release 4789-03, May 21, 2003
                        J
                           
                        • #147 Collapse

                          ump up ^ CFTC complaint Forex Advisory Firm and Trade Risk Management Firm Charged With Fraud
                          Jump up ^ Fraud charges against multiple forex Firms Commodity Futures Trading Commission (CFTC) Release: 4946-0
                          Jump up ^ Foreign Currency Fraud Action Commodity Futures Trading Commission (CFTC) vs. Donald O’Neill
                          J
                             
                          • #148 Collapse

                            ump up ^ FOREX Advisory Commodity Futures Trading Commission's FOREIGN CURRENCY TRADING FRAUDS
                            Jump up ^ Forex Information Commodity Futures Trading Commission (CFTC) Forex Information for investors
                            o
                               
                            • #149 Collapse

                              Jump up ^ National Futures Association (NFA) NFA launches learning program
                              Jump up ^ "Foreign Exchange Controls". Top Forex News. Retrieved 17 December 2013.
                              Jump up ^ Garnham, Peter (2006-05-17). "FX gamblers geared to win (or lose)". Financial Times (The Financial Times Ltd). Retrieved 2008-03-10.
                              Jump up ^ "Suit alleges Easy Forex rewards brokers f
                                 
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                              • #150 Collapse

                                Jump up ^ National Futures Association (NFA) NFA launches learning program
                                Jump up ^ "Foreign Exchange Controls". Top Forex News. Retrieved 17 December 2013.
                                Jump up ^ Garnham, Peter (2006-05-17). "FX gamblers geared to win (or lose)".
                                   

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