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Three friends signed up for a preview seminar on foreign exchange forex options trading. Two of them paid up for the actual course after attending the preview seminar.
After 3 years, one has finally given up trading forex options after suffering huge losses while the other is still struggling to make a profit. The third friend felt put off from attending the actual course because the trainers at the preview seminar seemed overly positive, focusing mainly on: Forex trading is about betting on the future movement of exchange rates. Forex trading is generally considered a high-risk activity as it is usually leveraged. These days, forex trading seminars are often marketed online and through marketing collaterals which feature attractive success stories: But there have been reports where the participants shared personal experiences about losing money on top of paying out hefty course fees to attend the seminars.
So remember, free forex news sms alert access to options tradingbinary options someone offers to help you make amazing and consistent returns by teaching you all about forex trading: The tactics are similar: Sounds too good to be true? That's because it probably is. Such online trading platforms typically attract the attention of investors through web-based advertisements or social media.
Investors may then be led free forex news sms alert access to options tradingbinary options trade financial products electronically, either through a web-based platform, or through software provided by the operator of the platform. While MAS has regulatory safeguards in place for investors who deal with regulated online brokers, trading on an unregulated online trading platform means that the investor will lose the protection offered under our laws and regulations.
This leaves the investor vulnerable to possible scams or difficulties in contacting, or resolving any grievances with such unregulated online trading platforms. These measures include requirements for the operator to be fit and proper, and maintain segregated customer accounts, controls and records.
Investors are strongly encouraged to deal only with financial institutions or entities that are regulated by MAS. You can check the Financial Institutions Directory on the MAS website to check if the financial institution is regulated or not.
Apart from forex trading, it is also common for unregulated online trading platforms to offer another form of investment instrument, known as binary options. A binary option is a type of option contract that references an underlying instrument. The underlying instrument can be from asset classes such as stocks, commodities, currencies and interest rates. The returns on binary options are dependent on whether the asset underlying the binary option rises above or falls below a certain free forex news sms alert access to options tradingbinary options.
For a binary option, there can only be two outcomes: Although binary options may provide the potential for high profits, they also carry significant risk of loss. Investors should fully understand how the payoff structure of the product works, and be familiar with the underlying assets against which the option is based on. You should also take note that there is a high chance of you losing your entire investment amount, whether you deal with a regulated or unregulated entity.
Further, you are always exposed to investment risk, whether a product is regulated or not. Moreover, many of these unregulated binary options trading platforms are fraudulent and based outside Singapore. Investors who choose to trade with these platforms are unlikely to recover any monies lost. Also, if you choose to deal with unregulated entities, you will not have access to avenues for dispute resolution should a dispute later arise. What is forex trading? Forex trading is generally considered a high-risk activity.
These traders have market experience and real-time market information at their fingertips. They may also have huge amounts of capital to bet. As retail investors, most of us will not have much, if any, of these. Online trading, which includes forex trading, is fast-paced. Forex trading in particular requires round-the-clock attention to the markets and rapid decision-making.
Not everyone will be suited for such demands, or is able to devote the required time and attention. Ask yourself if you are suited to this sort of trading style. Binary options are susceptible to market risk. Trading in binary options without an understanding of the underlying asset is as good as gambling. Forex markets are complex. Identifying and making sense of economic indicators, trade data and monetary policy statements that are relied on by forex market professionals requires fairly complex analysis and judgement.
Trading on unregulated online platforms and forex trading can be very risky. The risks are further increased when you trade using leverage or on margin. With leverage, the gains and losses can be magnified many times. Are you able to tolerate this level of risk? Marketing testimonials may tempt you to think that everyone who has traded online bought into the recommended trading software or strategy or placed the same trades as the forex guru, has made significant profits.
Have you considered that perhaps there may be many more individuals who have not done as free forex news sms alert access to options tradingbinary options, or failed miserably, suffering heavy losses? Always ask yourself what is the worst that can happen and whether you can withstand the risks. The offers look attractive because the potential returns touted are huge. Look beyond the headline rates and consider how realistic the returns are.
The risks could be equally massive too: Before you go into a high risk activity like forex trading or free forex news sms alert access to options tradingbinary options on unregulated online platforms, do take the time to research other investment products too. Find out about likely returns and how much risk each of these products exposes you to. Do your homework and conduct independent checks to establish the credibility of such claims. For instance, you can check:. There is no free lunch in investing.
An instrument or investment strategy offering a higher potential return carries with it a higher risk of you losing some or all of the money you invested.
Even years of market experience do not guarantee consistent or high returns for a market professional. If you are a retail investor starting from scratch, think again. Be extra vigilant and cautious when you come across offers of exceptionally high or consistent profits.
Always ask yourself what the catch is. Investors should also consider that if they deal with entities that are not regulated by MAS, they forgo the protection afforded under the laws administered by MAS. Investors seeking investments from unregulated entities should exercise caution and consider the additional risks of dealing with entities that are not regulated by MAS. Get-rich Quick Seminars Enrichment classes: Gain a new skill, enjoy new riches?
What are Binary Options? For instance, you can check:
Provided all necessary approvals are obtained, the Binary Options Rule will come into force on December 12, 2017. We believe the Instrument will achieve this goal by raising awareness among investors that the sale of these products is illegal and by disrupting the distribution of these products, including its facilitation through payment processing and advertising. To this end, the Instrument explicitly prohibits advertising, offering, selling or otherwise trading a binary option with or to an individual.
In reality over the last 7 months it has made 143 points when claims would lead you to think it would have made 2100 pts. This site is in danger of becoming another place for Agora to sell products by just telling you what they want you to know rather than give you the full picture totally impartially on products.
When this happens respect and trust is lost and the sites loses value. Where is the correct balance before coming to a decision.