Forex Platform 4 Beginners

simbat said: "hi there! :) interested in trading!? i found a very simple and compact platform for trading currencies!Perfect for beginners in FOREX! you can download it for free from [url]www.marketiva.com/?gid=2730[/url] there's a $5 bonus for every newbie in this program! Unlike other on-line brokers,here you can start trading with less than $1 ! good luck ! :eek:"

drsuck said: "It looks like are getting more and more spammers... Any moderators mind deleting this spam. Dr. Stock"

Stocker said: "It would be nice to have a section just for advertising and spamming. That way pointless spamming and pumping can be deleted. Where useful stuff could be kept. I like to see new things being offered, or things i didnt know about. Although id like to learn if they are safe or not."

BenHouston said: "cough spam cough spam Serisouly just make a new forum called "new products/advertise here" and that way we dont have to hear it on our stock forum"

honolulu said: ":) hi all! heheh!whats wrong with tthe topic?!you call this spamming!?ive been surfing on the web for ages till a got to the right place! Thanx simtod!its really a good platform ,as you said :perfect for beginners! For all the others that want free information : you first have to give,than to want! this guy was very helpfuf to me! i got sick of brokers who wanted $200 for starting up! pulp fiction! :)"

drdan said: "Yeah right Honolulu, you join today and post today. Do you think we are not smart enough to figure out you are the same guy that posted the first time?spammer!"

LanceJ said: "simbat = dingbat"

honolulu said: "im not the same guy!Im a girl ! And as a beginner i would like to know if there's another platform whith which I can start trading with less than $1 !?! please help me out! 10x in advance! :cool:"

LanceJ said: "[QUOTE=honolulu]I can start trading with less than $1 !?! please help me out! [/QUOTE] Sure. Try that little $1 machine where you fish for toys or something. The best thing I can do to help you out is to tell you to stay away from Forex trading. Even Forex managed accounts are lame and will suck your money dry. Only 15% of Forex trades are profitable ones. The Wall Street Journal did an excellent report on the Forex market about 6 months ago, seperating fact from fiction and exposing many forex scams. Also, don't spam the forums. Keep your messages in the "Forex" area of the message forum, and don't advertise services that can be construed as spam."

LanceJ said: "The Commodity Futures Trading Commission cautions investors to be wary of websites that purport to offer high yield investment opportunities in forex transactions, because this is a common area of internet fraud. The CFTC has posted several fictitious websites that are representative of typical websites that have been the subject of CFTC enforcement actions. CFTC's examples of fraudulent websites include: [url]http://www.commodityprofits.com/[/url] [url]http://www.gfcm-hedgefunds.com/[/url] [url]http://www.colfaxtrading.com/[/url] [url]http://www.tradeforex4u.com/[/url] [url]http://www.wtftrends.com/[/url] [url]http://www.excalibiermetals.com/[/url] Foreign currency futures contracts may be legitimately traded either on a recognized futures exchange or in the "interbank market," which generally involves trading between large institutions such as banks and corporations. The interbank market does not typically include individual or retail customers. Fraudulent currency trading firms often tell customers that their trading is done in the "interbank market." Be wary of any firm that claims that you can or should trade in the "interbank market" or that it can or will do so on your behalf. Your losses can be very large in a single day. Companies that tell you otherwise may well be engaged in illegal schemes. Source: [url]http://www.sec.gov/answers/forcurr.htm[/url]"

LanceJ said: "CFTC Complaint Charges New York Forex Ex-Center Corp. and Two Individuals with Fraud, Illegally Offering and Selling Futures Contracts, Bucketing Orders, Commingling and Embezzling Customer Funds, and Failing to Register WASHINGTON -- The Commodity Futures Trading Commission (CFTC) today announced today the filing of an administrative complaint against New York Forex Ex-Center Corporation (a/k/a N.Y. Forex), Peter T. Lai ,and Andrew Scudiero. The seven-count administrative complaint alleges that, between June 1993 and May 1995, N.Y. Forex and Lai violated various provisions of the Commodity Exchange Act (CEA) and CFTC regulations by fraudulently soliciting customers, illegally offering and selling futures contracts, commingling and converting customer funds, and bucketing orders. Specifically, the administrative complaint alleges that N.Y. Forex and Lai committed fraud by, among other things, misrepresenting the risk involved in trading through N.Y. Forex and misrepresenting the accessibility that customers would have to funds invested with N.Y. Forex. Additionally, the complaint alleges that N.Y. Forex operated as an unregistered Futures Commission Merchant and that Andrew Scudiero solicited customers as an unregistered Associated Person (AP) in violation of the CEA and CFTC regulations. Sanctions available to the CFTC include, a cease and desist order prohibiting the respondents from violating the Federal commodity law, restitution and civil monetary penalties of up to $100,000, or triple the monetary gain to respondents, for each violation of the CEA or CFTC regulations. In addition, the CFTC may prohibit the defendants from trading on any futures exchange and to require all such exchanges to refuse the respondents all trading privileges."

LanceJ said: "CALIFORNIA COURT ISSUES TEMPORARY RESTRAINING ORDER AND ASSET FREEZE ORDER IN CFTC ENFORCEMENT ACTION AGAINST L.A. FOREX, INC. AND TWO INDIVIDUALS, ALL OF REDONDO BEACH, CALIFORNIA WASHINGTON - The Commodity Futures Trading Commission (CFTC) announced today that the Honorable Mariana Pfaelzer of the U.S. District Court for the Central District of California entered a temporary restraining order and an asset freeze order against L.A. Forex, Inc., Gabor Urban (president of L.A. Forex), and Marta Ban (vice president of L.A. Forex), all of Redondo Beach, California. None of the defendants has ever been registered with the CFTC in any capacity. The court's temporary restraining order prohibits the defendants from soliciting or accepting funds from the public in any investment relating to commodity futures. In addition, the asset freeze order freezes the defendants' assets and prohibits them from both destroying books and records and denying CFTC representatives access to such records. The order was entered on September 15, 1997. Defendants Allegedly Misappropriated More than $900,000 in Investors' Funds and Used the Funds for Personal Items The court's action stems from a five-count civil complaint filed by the CFTC on September 12, 1997, alleging that since early 1996 the defendants misappropriated more than $900,000 in a fraudulent Ponzi scheme in connection with their operation of an unregistered commodity futures pool. Specifically, the CFTC complaint alleges that the defendants falsely represented to prospective and current investors that their commodity futures trading has been highly profitable when, in fact, the only trading conducted by Urban and Ban sustained over $670,000 in trading losses. The defendants made "profit" payments to current investors using money received from newer investors, in order to create an illusion of profitable trading, the complaint alleges. In addition, the CFTC complaint alleges that the defendants made numerous fraudulent misrepresentations and omissions in the course of their solicitation of investors. Defendants allegedly misrepresented to investors, among other things, that their trading record was highly profitable and that they would implement measures to reduce the risk of futures trading. Defendants also allegedly misrepresented the risky nature of trading futures. Finally, the complaint alleges that defendants failed to disclose that they were misappropriating investors' funds for their own use, that most trades resulted in significant losses, and that "profits" were being paid out of other investors' principal. The CFTC's injunctive action is a result of a cooperative civil and criminal investigation by the CFTC; the Redondo Beach, California, Police Department; and the California Department of Corporations. On September 11, the Redondo Beach Police Department served a criminal search warrant on the defendants and seized defendants' trading equipment and commodity pool records."

LanceJ said: "Warning Signs of Fraud If you are solicited by a company that claims to trade foreign currencies and asks you to commit funds for those purposes, you should be very careful. Watch for the warning signs listed below, and take the following precautions before placing your funds with any currency trading company. 1. Stay Away From Opportunities That Sound Too Good to Be True Get-rich-quick schemes, including those involving foreign currency trading, tend to be frauds. Always remember that there is no such thing as a "free lunch." Be especially cautious if you have acquired a large sum of cash recently and are looking for a safe investment vehicle. In particular, retirees with access to their retirement funds may be attractive targets for fraudulent operators. Getting your money back once it is gone can be difficult or impossible. 2. Avoid Any Company that Predicts or Guarantees Large Profits Be extremely wary of companies that guarantee profits, or that tout extremely high performance. In many cases, those claims are false. The following are examples of statements that either are or most likely are fraudulent: "Whether the market moves up or down, in the currency market you will make a profit." "Make $1000 per week, every week" "We are out-performing 90% of domestic investments." "The main advantage of the forex markets is that there is no bear market." "We guarantee you will make at least a 30-40% rate of return within two months." 3. Stay Away From Companies That Promise Little or No Financial Risk Be suspicious of companies that downplay risks or state that written risk disclosure statements are routine formalities imposed by the government. The currency futures and options markets are volatile and contain substantial risks for unsophisticated customers. The currency futures and options markets are not the place to put any funds that you cannot afford to lose. For example, retirement funds should not be used for currency trading. You can lose most or all of those funds very quickly trading foreign currency futures or options contracts. Therefore, beware of companies that make the following types of statements: "With a $10,000 deposit, the maximum you can lose is $200 to $250 per day." "We promise to recover any losses you have." "Your investment is secure." 4. Don't Trade on Margin Unless You Understand What It Means Margin trading can make you responsible for losses that greatly exceed the dollar amount you deposited. Many currency traders ask customers to give them money, which they sometimes refer to as "margin," often sums in the range of $1,000 to $5,000. However, those amounts, which are relatively small in the currency markets, actually control far larger dollar amounts of trading, a fact that often is poorly explained to customers. Don't trade on margin unless you fully understand what you are doing and are prepared to accept losses that exceed the margin amounts you paid. 5. Question Firms That Claim To Trade in the "Interbank Market" Be wary of firms that claim that you can or should trade in the "interbank market," or that they will do so on your behalf. Unregulated, fraudulent currency trading firms often tell retail customers that their funds are traded in the "interbank market," where good prices can be obtained. Firms that trade currencies in the interbank market, however, are most likely to be banks, investment banks and large corporations, since the term "interbank market" refers simply to a loose network of currency transactions negotiated between financial institutions and other large companies. 6. Be Wary of Sending or Transferring Cash on the Internet, By Mail or Otherwise Be especially alert to the dangers of trading on-line; it is very easy to transfer funds on-line, but often can be impossible to get a refund. It costs an Internet advertiser just pennies per day to reach a potential audience of millions of persons, and phony currency trading firms have seized upon the Internet as an inexpensive and effective way of reaching a large pool of potential customers. Many companies offering currency trading on-line are not located within the United States and may not display an address or any other information identifying their nationality on their Web site. Be aware that if you transfer funds to those foreign firms, it may be very difficult or impossible to recover your funds. 7. Currency Scams Often Target Members of Ethnic Minorities Some currency trading scams target potential customers in ethnic communities, particularly persons in the Russian, Chinese and Indian immigrant communities, through advertisements in ethnic newspapers and television "infomercials." Sometimes those advertisements offer so-called "job opportunities" for "account executives" to trade foreign currencies. Be aware that "account executives" that are hired might be expected to use their own money for currency trading, as well as to recruit their family and friends to do likewise. What appears to be a promising job opportunity often is another way many of these companies lure customers into parting with their cash. 8. Be Sure You Get the Company's Performance Track Record Get as much information as possible about the firm's or individual's performance record on behalf of other clients. You should be aware, however, that It may be difficult or impossible to do so, or to verify the information you receive. While firms and individuals are not required to provide this information, you should be wary of any person who is not willing to do so or who provides you with incomplete information. However, keep in mind, even if you do receive a glossy brochure or sophisticated-looking charts, that the information they contain might be false. 9. Don't Deal With Anyone Who Won't Give You Their Background Plan to do a lot of checking of any information you receive to be sure that the company is and does exactly what it says. Get the background of the persons running or promoting the company, if possible. Do not rely solely on oral statements or promises from the firm's employees. Ask for all information in written form. If you cannot satisfy yourself that the persons with whom you are dealing are completely legitimate and above-board, the wisest course of action is to avoid trading foreign currencies through those companies. 10. Warning Signs Of Commodity "Come-Ons" If you are solicited by a company to purchase commodities, watch for the warning signs listed below: Avoid any company that predicts or guarantees large profits with little or no financial risk. Be wary of high-pressure tactics to convince you to send or transfer cash immediately to the firm, via overnight delivery companies, the internet, by mail, or otherwise. Be skeptical about unsolicited phone calls about investments from offshore salespersons or companies with which you are unfamiliar. Prior to purchasing: Contact the CFTC. Visit the CFTC's forex fraud web page. Contact the National Futures Association to see whether the company is registered with the CFTC or is a members of the National Futures Association (NFA)?. You can do this easily by calling the NFA (800-621-3570 or 800-676-4NFA) or by checking the NFA's registration and membership information on its website at [url]www.nfa.futures.org/basicnet/[/url]. While registration may not be required, you might want to confirm the status and disciplinary record of a particular company or salesperson. Get in touch with other authorities, including your state's securities commissioner ([url]www.nasaa.org)[/url], Attorney General's consumer protection bureau ([url]www.naag.org/)[/url], the Better Business Bureau ([url]www.bbb.org[/url]) and the National Futures Association ([url]www.nfa.futures.org)[/url]. Be sure you get all information about the company and verify that data, if possible. If you can, check the company's materials with someone whose financial advice you trust. Learn all possible information about fees charged, and the basis for each of these charges. If in doubt, don't invest. If you can't get solid information about the company, the salesperson, and the investment, you may not want to risk your money."

LanceJ said: "CFTC FILES ENFORCEMENT ACTIONS AGAINST FIRMS FRAUDULENTLY SELLING ILLEGAL FOREIGN CURRENCY (FOREX) OPTIONS WASHINGTON - The Commodity Futures Trading Commission (CFTC) announced today that it had filed two civil injunctive actions in the last week against firms engaged in fraudulent sales and solicitations of foreign currency options, and that restraining orders have been entered in both cases which, among other things, freeze the defendants' assets. On April 30, 2001, the CFTC filed a civil injunctive action in the United States District Court for the Northern District Of Georgia, Atlanta Division, against Infinite Trading Group, L.L.C., a limited liability company organized under the laws of the State of Georgia, along with Shawn Christie of Atlanta, Georgia, Edward Cameron Lindsey of Lithonia, Georgia and Anthony Garcia of Atlanta, Georgia. On April 23, 2001, the CFTC filed a civil injunctive action in the United Stated District Court for the Southern District of Florida against three firms, International Currency Strategies, Inc., Fairfield Currency Group, Inc. and Strategic Trading Group, Inc. (collectively, the ICS Common Enterprise), each a Florida corporation, and Valentin Fernandez of West Palm Beach, Florida, Daniel Phillips of Stuart, Florida, and Manny Kavekos of West Palm Beach, Florida. These two actions follow a third action that was filed on April 19 against SunState FX, Inc. and Ulrich Garbe in the United States District Court for the Southern District of Florida, also alleging fraudulent sales of forex options contracts. These actions, as well as the issuance of a Consumer Advisory, are part of the Commission's continuing efforts to address the problem of forex fraud and educate the public about its dangers, in the wake of Congress's recent clarification of the CFTC's jurisdiction in this area. These developments are discussed in more detail below. The complaint filed against Infinite, Christie, Lindsey, and Garcia in Georgia District Court charges the defendants with fraudulently soliciting customers to purchase illegal foreign currency forex options contracts, accepting customer funds for the purchase and sale of those options and subsequently using those funds for personal expenses without purchasing any forex options. Specifically, the complaint alleges that, since at least December 21, 2000, Defendants defrauded Infinite customers by making exaggerated claims of profits, minimizing risk of loss, and by misappropriating customer funds, which had been solicited for the purchase of foreign currency options, but instead were used for personal expenses, such as payments to adult entertainment locations and restaurants, and for maid services and video rentals. On April 30, the Honorable Thomas W. Thrash, Jr., entered a statutory restraining order freezing defendants' assets, prohibiting the destruction of documents and appointing a receiver to implement the court's order. In its complaint, the CFTC is seeking preliminary and permanent injunctive relief, restitution for defrauded customers, and disgorgement of ill-gotten gains. A hearing on the CFTC's motion seeking a preliminary injunction is scheduled for May 14, 2001, at 9:00 am. The investigation that led to the issuance of a complaint against the defendants was coordinated with the Georgia Governor's Office of Consumer Affairs. On May 1, 2001, Christie and Lindsey were arrested by officers from the Governor's Office of Consumer Affairs for, among other things, violations of the Georgia Telemarketing Fraud statute. Christie and Lindsey will be prosecuted in Georgia State Court for criminal violations in connection with their activities at Infinite. [For more information regarding the activities of the Georgia Governors' Office of Consumer Affairs in this matter, contact Bill Cloud, Spokesman, (404) 656-3793.] The CFTC was assisted in its action by the Georgia Governor's Office of Consumer Affairs and the United States Attorneys Office for the Northern District of Georgia in this matter, which is serving as local counsel. CFTC Alleges that the ICS Common Enterprise, Valentin, Phillips, and Kavekos Misrepresented Profits and Risks Associated with FOREX Options and Misappropriated Investor Funds Through a Nationwide Telemarketing Scheme The complaint against the ICS Common Enterprise in the Florida District Court action charges the defendants with fraudulently soliciting customers to purchase illegal forex options contracts through false claims about the profitability and risk of forex options trading. The complaint also names Financial Clearing Corp. as a relief defendant. Financial Clearing Corp. is a British Virgin Islands corporation that receives correspondence in the Bahamas and which allegedly holds funds that are traceable to the funds and assets fraudulently obtained from ICS Common Enterprise customers. The CFTC's complaint estimates that total customer losses exceed $3 million. The complaint also alleges that defendants are misappropriating funds and using those funds for personal expenses, such as purchases at Saks Fifth Avenue and jewelry and furniture stores. On April 23, the Honorable William P. Dimitrouleas entered a restraining order freezing assets of the defendants and relief defendant, prohibiting the destruction of documents and appointing a receiver to take control of the ICS Common Enterprise and implement the court's order. In its continuing litigation, the CFTC is seeking preliminary and permanent injunctive relief, restitution for defrauded customers, and disgorgement of ill-gotten gains. A hearing on the CFTC's motion seeking a preliminary injunction is scheduled for May 4, 2001, at 11 am. In a related criminal action, the Office of the United States Attorney for the Southern District of Florida issued indictments against and arrested Fernandez, Phillips, and Kavekos as well as Juan Fernandez for criminal violations arising out of the same activities. The CFTC coordinated its action with the U.S. Attorney's Office and the Federal Bureau of Investigation."

LanceJ said: "Stats from the CFTC In a recent period, the CFTC filed over 80 enforcement actions in federal court against hundreds of firms, owners and employees for defrauding over 23,000 customers who lost over $300 million in these forex schemes. Many of these forex fraudsters were also criminally prosecuted and are now in jail. However, the defrauded investors rarely recovered any of the funds they lost."

LanceJ said: "Beware of Commodity Investment Opportunities Promising Large Profits and Little Risk, Even When Offered By Persons You Know The Commodity Futures Trading Commission (�CFTC�) is warning the public about fraudulent schemes often involving unregistered commodity pool operators � persons or entities who raise funds and "pool" them together to trade commodity futures and options. These pool operators often solicit investments from friends, neighbors, co-workers and fellow religious or social group members by using their reputations in the community or their personal relationships. In many cases, however, the investment schemes turn out to be fraudulent, and investors lose their entire investment, in many cases as a result of outright theft. The CFTC is the federal agency that regulates the trading of commodity futures and options contracts in the United States. In recent years, the CFTC has brought numerous enforcement actions against individuals and firms, often unregistered, that offered investments in so-called commodity pools where the funds invested were misappropriated or misused � and often spent on improper business or personal expenses � and where the operators advertised and solicited investors based on false claims of high profit and minimal risk. The CFTC urges you to be skeptical when you are told that someone�s services can earn you large profits with minimal risk � even when a friend or relative recommends the trading services. Investors lose millions of dollars every year in phony commodity pools, including fictitious �hedge funds� that trade commodity futures and options. Before investing, you should research the registration status, business background and disciplinary history of the pool operator, and request copies of the account statements that registered trading firms provide to the pool operator. Act quickly to report any suspicions you have about pool operators to the CFTC. Fraudulent Sales Pitches Pool operators often use word of mouth or e-mail among friends and relatives, religious or ethnic affiliations, community or social organizations, as well as other networks of acquaintances, to convince members of the public that they can make money quickly by investing in commodity pools. The CFTC even found one instance when a person who was operating a commodity pool fraudulently solicited investments from members of his cancer support group. In the CFTC�s experience, the promotional activities of these pool operators often promise quick riches � such as the ability to double or triple the investor�s initial investment in months � with low risk. Be skeptical even when you know the person soliciting your investment. Treat any information you are given in the same fashion that you would handle information provided by a stranger � ask questions and investigate what you are being told. If you cannot get satisfactory answers or are uncertain about any assurances you receive, play it safe: don't invest, or invest only an amount that you can well afford to lose, especially where the pool operator claims to have special trading expertise, a unique understanding of relevant market trends, or a record of profitable trading. Such claims by unregistered pool operators often turn out to be false. Fraudulent Activities � �Ponzi� schemes Individuals and firms that fraudulently solicit funds from investors for commodity futures and options trading are usually not registered with the CFTC. They may operate �Ponzi� schemes in which little or none of the money sent in by investors is ever invested as promised � in the commodity markets. Instead, the operator of the scam steals the funds, and creates the illusion of a successful business by using some of the money put in by later investors to pay phony �profits" to earlier investors. This tactic makes it appear to investors that the investment is actually making money, which in turn attracts additional investors. Be wary of such payouts if you do not fully understand the source of any purported profits. The people who operate these scams often fail to send their investors account statements. Sometimes, though, the pool operator sends phony account statements indicating that trading is taking place and that the investor has made �profits� in the account, even when it is not true. These schemes are usually discovered when insufficient funds remain to pay investors who wish to withdraw their investments. Often, investors who come late to the scheme or who have left their funds �invested� for significant periods wind up with nothing when the scam is uncovered. It is often difficult, impossible or expensive for investors to recover funds they have lost in these schemes."

LanceJ said: "Futures Contracts (includes Forex) Are Volatile And Risky Even when traded legitimately, futures and options contracts are volatile and risky. Persons who are considering committing their funds to trading commodity futures or options should educate themselves about futures and options and realize that they may lose large sums of money. The following checklist should help consumers in deciding whether to invest with a CPO: Can you lose your entire investment without a change in your lifestyle? If not, then don't invest. Do the promised trading results sound too good to be true? If so, think carefully and do more research before investing, or don't invest at all. Warning Signs If you are solicited to purchase commodity futures or options � by a friend or anyone else � watch for the warning signs listed below: Avoid trading through any person, even someone known to you or recommended by friends, based upon the prediction or guarantee of large profits with little or no financial risk. Be cautious about investment opportunities, even when offered by persons you know. Always take the same precautions, whether you know the trader or not. Before You Invest Find out if the person or company is registered as a commodity pool operator or has any commodity industry disciplinary history by contacting the National Futures Association ("NFA") ([url]www.nfa.futures.org/basic)[/url]. You may also contact NFA by calling the following telephone numbers: 800-621-3570 or 800-676-4NFA. Please note that certain pool operators are not required to register, including operators of small pools with 15 or fewer investors whose total trading capital equals $200,000 or less, or pool operators who receive no compensation. These small pool operators are required to notify investors, the CFTC and NFA that they are operating without registration. Find out if the individual or company has any disciplinary history with other authorities, including: ○ your state securities commissioner ([url]www.nasaa.org)[/url], ○ your state Attorney General's consumer protection bureau [url]www.naag.org/ag/full_ag_table.cfm)[/url], and ○ the Better Business Bureau ([url]www.bbb.com)[/url]. [B][U]Insist on seeing the pool's disclosure documents and performance history. If you do decide to invest, ask the pool operator to provide you with account statements reflecting the pool's trading that are provided to the pool operator by the registered firms through which the actual trading is being done.[/U][/B] Learn all possible information about fees and commissions charged, and the basis for each of these charges. Compare the commissions and fees to those offered by registered pool operators. If in doubt, don't invest. If you can't get solid information about the pool operator's trading practices, you may not want to risk your money. Source: [url]http://www.cftc.gov[/url]"

BenHouston said: "I recieved this yesterday honolulu Newbie Join Date: Jan 2006 Posts: 2 Rep Power: 0 fuckin your mum!? -------------------------------------------------------------------------------- asswipe"

drsuck said: "[QUOTE=BenHouston]I recieved this yesterday honolulu Newbie Join Date: Jan 2006 Posts: 2 Rep Power: 0 fuckin your mum!? -------------------------------------------------------------------------------- asswipe[/QUOTE] Lucky you I received no recent private messages :( at least someone likes you Ben. Dr. Stock :D"

Grifter said: "Wow, spammers are getting more and more aggressive and vulgar these days. Just utterly disgusting..."