Online Forex Security Tips
August 8, 2008 | Leave a Comment
Like anything else involving a computer, forex trading (trading in foreign currencies) can leave you open to attacks from scammers and identity thieves. But you can avoid these online forex predators by using common sense and current computer security software. If you think you have been a victim of an online forex scam, contact the National Fraud Information Center and the US Securities and Exchanges Commission (SEC).
You’ve Got The Tip. Now What?
You can get hot tips from a variety of places on the web, even if the places look legitimate. Hot online forex tips can be found on websites, investment forums, in personal finance chat rooms and your e-mail’s inbox. Use your common sense; if the information sounds too good to be true, it is.
Run the tip through this checklist to see if it could be online forex fraud:
Are there a lot of promises of a high returns and low risks? In the investment world, there is no such thing!
Is the investment in another country? That makes it harder to trace where your money actually is going.
Does the informant use a name or an alias?
Go to the website of the US Securities and Exchange Commission (the SEC) and see if the company mentioned in your tip has filed “Form D”.
If your hot tip can’t pass this checklist, it’s a scam. The SEC would love to see a copy of this email.
Targets The Elderly
44% of the complaints the SEC gets are from victims of investment fraud, and 31% of those victims are over 65. Investment fraud, in this case, runs the gamut from the traditional stock market to online forex trading. Investment fraud in particular targets elderly Americans. If you have an elderly relative who has internet access who talks about getting a great stock market tip, better check out the tip, whether it was from an email or a link to a website.
Keep Your Software Updated
Since online thieves keep coming up with new means of getting their hands on your money or your personal information, you need to constantly update your computer’s software, platform and any extras like video or music players. These updates are usually free and automatic, but sometimes you do have to start them manually. These updates keep you on top of the latest online criminal’s tricks. Be sure you have an anti-virus program, a firewall, a spam filter and a spyware program.
Learn more how you can make money from Forex Trading Here!
What Are The Forex Websites Newbies Need To Know?
August 6, 2008 | Leave a Comment
Foreign exchange buying and selling, called “forex“, has really picked up steam since the rise of the Internet. Instead of a few shadowy figures in smoky rooms doing the forex thing, anybody can who really wants to learn and has at least $1000 to blow. If you type in “forex” into Google, you will be “forexed” to death by the millions of results presented to you. If you are new to forex, then what are the forex websites you need to know?
BabyPips.com
What are the best forex websites you need to see? First and foremost is BabyPips.com, which is a help to freelance writers and forex traders alike. It is written in plain English with numerous examples and easy to read text. The offer a “School of Pipsology”, which teaches you the basics of forex. You go from pre-school to college graduate in this “School of Pipsology.” For example, is you don’t know what pips are, then your really need to go to BabyPips.com’s pre-school.
GoLearnForex.Net
Although it’s pretty hard to beat BabyPips, there are times when you might want to hear another point of view. Besides, the title of this article is “What Are The Forex Newbies Websites You Need To Know?”, which implies that more than one forex website for newbies exists. Another is the aptly named GoLearnForex.net, where you focus on certain specifics of forex.
Unfortunately, this website uses a much smaller font that BabyPips.com. It is also not as well organized. For an overall presentation of forex, you are much better off with BabyPips.com. However, if you do have specific questions like “How does a faulty Forex dealer eat your money?” then the list of articles will help you out.
Forex Blogs
What are other forex websites a newbie should check out? You’d be well advised to check out blogs devoted to forex. There even is one, conveniently enough, called “Forex” (easy name to remember, huh?). The advantages of these blogs are in the organization and the responses you may get to your comments or questions on the blog posts.
Most blogs now offer a search feature or file categories, which helps you narrow down the specific topic you want to find on a blog. You also get the latest in forex scams, news and sometimes links to more great forex sources. Now, when some forex newbie asks you, “What are the forex websites I should check out?”, you know what to tell him or her.
