TD Markets

News What to Look for in a Forex Scam

As of April 2019, the spot FX market, which includes currency options and futures contracts, exchanged about $6.6 trillion each day. 1 With such a large quantity of money moving about in an unregulated spot market that trades instantaneously, over the counter, and with little accountability, forex scams entice unscrupulous operators to make quick money. While many once-popular scams have faded away owing to the Commodity Futures Trading Commission's (CFTC) aggressive enforcement efforts and the founding of the self-regulatory National Futures Association (NFA) in 1982, some old scams persist, and new ones keep cropping up.

News ALLEGED FOREX SCAM: THE COURT ORDERS CBN TO UNFREEZE THE ACCOUNT OF OF OJUKWU'S THAT HAS BEEN FROZEN

The federal high court in Abuja has ordered the central bank of Nigeria, CBN, to unfreeze the account of ojukwu that has been frozen which is controlled by Mr. chikaosolu ojukwu and his firm, stabilization energy ltd.

News Dr. Ref Wayne Top trader or smoke and mirrors?

In this article, my second installment in a series of Rtickes focused on the top two scams in the South African forex industry and also who are being named and shamed as the main players in these elaborate schemes, helping the masses to piece together for themselves if these gurus are in fact who they claim to be.

News THE FOREX TRADING PSYCHOLOGY

The financial industry is brimming with prospects for everyone interested in making money. Many traders give in to the urge and jump into the water with their heads down, making reckless deals that aren't backed by analysis or even plain sense. As a result, financial losses are massive, and disgruntled traders are increasing in number. And it was only necessary to take a more responsible approach to this issue, and perhaps there would be no loss at all, and Forex would become an ideal platform for making a significant profit.