The Truth About Forex Scams

By Jack Sawyer

What are Forex scams? Many people mistakenly think that any Forex product or trading system which does not make them instantly wealthy is a scam. These people do not want to put in any time or effort on their own part. They want a magical, get rich quick system ? well, there?s no such thing. If there was, we?d all be using it and of course, this system wouldn?t work for long. It?s just basic economics.

All that money has to come from somewhere. While the standard of living can be raised universally by technological developments and other innovations, all trading or any other economic activity where there is no value being produced is a zero-sum game. For one person to make money, someone else has to lose it.

There are always losses being taken by individuals and institutions who are either unaware of the currency exchange market or cannot for one reason or another allow exchange rates to dictate their activities. You wouldn?t put off a vacation because of exchange rates ? and businesses also cannot wait for favorable currency exchange rates to import or export goods. It?s just not a possibility for each and every Forex investor to get rich ? simple as that.

Next time you?re trying to decide whether the negative comments you?re reading about a Forex product or system on web forums mean that it is really just another of the Forex scams, you should take a minute and think of how a scam operates in the offline world (remember that?).

Suppose you go to the bookstore and pick up a book on Forex trading. You find that the techniques given in the book do not work out in your case. It can be that the information here is out of date, or there could be any number of other reasons why this book didn?t give you the results you had hoped for. You may have learned a little and simply decided that this book wasn?t the answer for you ? you wouldn?t storm into the bookstore and accuse them of being a scam.

However, if this same bookstore was urging people to pre-order a new book which they were hyping up and you were to show up on the day of sale to find the bookstore had closed up and the owners skipped town; now that would be a scam.

A scam is a completely fraudulent business activity which is created with the intention of swindling people. A scam is by definition illegal ? if a product or service is offered in good faith, it is not a scam.

With the word ?scam? being thrown around so often, it can be hard to know what products are legitimate and which are not ? this makes people, already a little hesitant of buying online even more nervous. In many cases, products are accused of being scams simply because they didn?t work the way a customer expected. You may take their advice and not want to buy these products; after all, not every legitimate product is a winner ? but it would be wrong to call these products or services Forex scams. - 23208

About the Author:

Author Jack Sawyer has some great suggestions on finding the greatest Forex Software. For more information on Forex Trading Online go to http://www.forex-product-review.com.

The Basics of Investing in Mutual Funds in the Philippines

By Jeffrey Mute

Mutual funds have become a fad investment in the Philippines today. This is because it has several advantages over the usual investment opportunities in the country. For those who want to be a part of this up and coming industry of mutual funds, it is important that you get some basic ideas of how the fund works and the ways you can benefit from it.

In laymans explanation, mutual funds can be understood as a fund which has an asset base jointly put up by different shareholders which is then invested into several diverse investment vehicles. A fund manager is designated to do all the decision-making regarding the kind of investments the fund will be put into. Invariably, he sees to it that the funds investments will gain maximum returns for the shareholders.

A mutual fund company is legally owned by its investors, and the amount of ownership is determined by the number of shares owned. Likewise, the potential income from the fund is also established on share ownership.

There are several reasons why mutual funds are popular today. The most obvious one is the minimal investment required. With P5000, the average Filipino worker can now take part of this lucrative industry. One other reason is that an investor wont have to do so much work to see his money grow as a professional fund manager takes care of this. Mutual funds are also easily converted to cash when needed.

Yet mutual funds also have a negative side. The presence of a fund manager can be good, but it also means that you wont be able to take part in the decision-making process. With whatever investment the fund manager chooses to put the funds money in, the only thing you can do is hope that it will yield positive returns for the company. Also, be aware that certain mutual fund companies charge fees. You should take this into consideration as it can affect your investment in the long-term.

In contrast, mutual funds also have its disadvantages. One of which is that you wont be part of the decision making process with regards to how your money will be invested. Since a fund manager is the one who makes this decision, you can just hope he chooses the right investments for the mutual fund company. The worst that can happen is that your investment will not gain anything, but the possibility of this is very dim.

On the brighter side, a mutual fund is a sensible investment because you dont really have to put in much effort. You just invest money and the work is done entirely by the fund manager from researching to monitoring your investments. The liquidity of mutual funds is another advantage. This means that you can convert your shares to cash whenever you need it. Governing laws state that you will be able to get your money back within seven days upon surrendering your shares. And possibly the best advantage of all is the minimal investment required. Some companies can get an investor started with a P5000 investment, an amount which an average worker can afford.

So, youve finally decided that you want to invest in a mutual fund, what are you to do next? First, choose a reliable mutual fund company that you are comfortable working with. Then, fill up an application form from a broker and youre good to go. But dont stop learning about mutual funds once you finish filling up the application form, continue updating yourself with the industry so you are able to keep up with your investment. - 23208

About the Author:

The author's website provides information about mutual funds Philippines and also guide you on how to buying mutual funds in the Philippines.

Tips to Avoid Forex Blog Scams

By Tony Rich Alex Maina Andrew Maina Alex Rich Alma Mutua

There is a lot of forex trading information in forex blogs. However, it can also be a great resource for a determined forex scam artist. Many of them are likely to not only have a fake forex trading system but their own forex blog.

For a few years now, there has been an avalanche of forex products that claim to be able to turn a pauper into an instant forex millionaire. The idea behind all this is that once you buy into their latest currency trading system, you are assured of instant riches with no sweat.

Nearly every forex trader has believed these promises. A majority however, have not been able to replicate any of these profitable forex trading results and have ended up losing a large amount of money. It does not have to be that way.

If you decide to take trading forex like any other business, you are likely to be profitable. Taking trading forex like a business means that one takes time to learn the best trading methods. It also means that one learns how to avoid get rich quick forex systems.

The great thing about forex trading is that you learn something new every day. It is impossible to find two professional traders who think exactly the same way about a trade setup. The forex scammer of course will have nothing new to add and is likely to just copy what he found in another website.

A scammer is very good with language. You are likely to be inundated with difficult forex technical terms. The whole idea is to make you believe that there is no way to succeed without their input. If someone cannot explain in plain English how they are making a profit, they are probably faking their results.

It is true that you should never believe everything that you see. This is especially true of forex trading screenshots that you find online. Many are just created on someones computer and are totally false. You should also be very wary of forex videos that claim the same.

Creating a forex blog takes all of a few minutes. All one has to do is set up RSS feeds from other websites and claim the information to be their own. Since the scammer has no new forex information to offer, he will probably just claim such information as his own.

The easiest way to find a forex blog scam is the promises that are offered. Once you find someone who tells you that you can make a million dollars from one thousand dollars, you should do more research on the site. Such claims are plain lies.

Forex trading is very profitable. However, make no mistake; it takes time to be profitable. You will have to learn how to trade properly, be properly capitalised, and make changes in your lifestyle. Like any other businesses, you will have to make sacrifices. In the end, you will never regret taking the time to become a better forex trader. - 23208

About the Author:

Forex trading can be fun. Before you invest in forex trading, visit Andrew Mwendwa at his forex blog. You will find easy forex trading systems that anyone can profit from.

Reviewing Forex Products

By Vencapllc

Forecasttrader stood out among the forex trading sites. Along with the Forecasttrader.com we reviewed other forex trading software, that could complement your forex market information nicely. Site navigation was easy. Its clean, uncluttered design underscores its look like a professional site where one can do forex trading online without much fanfare. The first thing we noticed is the two graphs featuring the forecast of the week and how the week actually performed. You do not have to go deep into the site to find this key information. Come to theforexreviewsite.com to find the information you need to get the right forex products.

Forecasttrader outpaces the competition by boasting live trading results not the backtestings you see in most sites. The site also covers the market well " offering 10 major currency pairs with 7 majors and 3 crosses. Transactions are guaranteed safe with the site boasting of encryption features to secure payments. One of the surefire ways we rely on to determine if a site is legit is to look at the payment processer that a vendor uses. This site uses Clickbank " and that gives us a vote of confidence.

There is a comprehensive FAQs section where we took notice that forecasts are posted on Fridays/Saturdays " just enough time for us to prepare for the following weeks forex trading activities. Whats the price to try out this great service? Only $4.95 for a 7-day trial period and that, we say, is a dandy investment.

In our assessment, Forecasttrader ranks a perfect five out of five rating. A great site for beginners and and forex trading veterans. - 23208

About the Author:

When you purchase any Forex Trading software online, make sure you check out Theforexreviewsite.com

The 411 On Buying Personal Checks

By Amanda

Personal checks are a means for people to make transactions like paying for bills or everyday items with money from their bank account without having cash on hand. Having bank checks adds convenience to everyday life.

When personal checks came to be, the only option was to have plain checks. The banks usually would have their own logo on them and they would be either blue or white and sometimes green. This made them easy to replicate. Years later, designer checks came to be. People were able to purchase fun checks that reflected their personality. These checks also made it harder for thieves to duplicate.

Personal checks are one of the safest ways to make transactions. Unlike many believe, it is hard to steal checks and get away with it. Standard coins and cash can be taken and there is no way to retrieve it. Debit cards, once used, are directly connected to your bank and money flows out right away. With checks, there is a lag of a few days before money leaves the bank which gives the account holder time to freeze the checks.

The next time you buy checks, make sure to buy online instead of directly from the bank. You'll not only save money but you'll save a lot of time as well. It's a simple 1-2-3 process of choosing a design, filling out your billing information from the secure shopping cart, and clicking order. Your checks will arrive fast as well.

Choosing to buy checks online is a great idea for saving money. Another option is also to buy in bulk to get a larger discount. Check companies include special discounts for larger orders. It's always a good idea to order a few extra boxes to make sure you have enough checks the next time you need them! - 23208

About the Author:

Buying personal checks online is a great way to save money. Saving money with cheap checks is a great alternative to buying from the bank.