Sunday, June 7, 2009

World Forex


I made a couple of changes to the text in hopes that they might be a start in eliminating what appears to be a direct correlation being drawn between retail forex brokers and fraud. The use of the terms "con" and "mark" really don't contribute to the discussion. Too, if one reviews the CFTC's concerns about "forex fraud", the agency's cautions and concerns are pretty much directed to unregulated brokers, not registered ones.

There are an abundance of specific cases where the CFTC has found wrong doing. I suggest that references to those cases would be far more useful than undocumented claims suggesting that every retail forex broker is a scoundrel or that anyone outside the inner circle can't possibly succeed trading the forex. If retail brokers were all crooks, I'm guessing the CFTC would be issuing something more than advisories saying that speculators should stay away from "brokers" hyping the investment opportunity.

No comments:

Post a Comment