Trillions of dollars are traded on a daily basis in the forex market. A market that size has plenty of room to carve out your own profits, but there’s also a lot of space for scam artists. You can avoid forex scams if you use common sense, trust only legitimate forex brokers, and follow these guidelines.
UPDATE: March 9, 2023 As of March 7, 2023, MetaTrader4 and MetaTrader5 are both back in the Apple App Store. They can now be downloaded and used on iPhones and all Apple products. Since Apple removed the platforms in September, MetaQuotes has been actively addressing Apple’s issues with the apps. Apple’s main problem, it seems, … Read more
It’s incredible how sophisticated but simple forex trading apps are today. You can trade forex from your phone without missing a thing. I’ve tested a ton of forex trading apps and found the six best. Don’t start mobile trading until you’ve read through my recommendations!
Trading forex can be extremely profitable. It is also inherently risky. Don’t increase your risk by choosing the wrong broker. I’ve carefully analyzed dozens of forex broker options and reviewed, ranked, and compared them so that you can choose the best forex broker for you.
When choosing a forex broker, your first choice is whether to use a regulated forex broker or an offshore “unregulated” broker. Regulated brokers are much safer, but they do have some disadvantages, so it’s important you make an informed decision.
To demonstrate how risky CFDs can be, some CFD brokers are required to disclose what percentage of their clients lose money. I’ve compiled this data from 15 different CFD brokers.
The information contained on this website is for entertainment purposes only and should not be considered personal financial advice. All financial markets are inherently risky. Mike Diamond Financial Skills bears no responsibility for any losses you may incur. This site and its educational mission are funded by affiliate commissions.