Foreign Exchange Market

The global foreign exchange (forex) market has ballooned in recent decades as more and more economies liberalise their capital accounts. The Basel-based Bank for International Settlements said average daily turnover in global forex markets was an estimated US$3.98 trillion as of April 2010.

Smart money

PUBLISHED : Monday, 23 July, 2012, 12:00am
UPDATED : Monday, 23 July, 2012, 12:00am
 

Best websites for avoiding investment scams

hyipexplorer.com

Investors around the world are desperately seeking high-yield income and dividends. The internet is flooded with a dizzying array of attractive investment plans. This site features tools, analysis and features that help investors study high-yield plans. They sort out the pros and cons, pitfalls, shoddy deal structures and most of all, outright scams. An updated blacklist details sites that you should avoid. Submit sites you think are suspicious and join the blogs and discussion boards. If a high-yield offer seems too good to be true then investigate it here.

forexfraud.com

Today's foreign exchange volatility has attracted traders of all kinds. The site advises on telltale signs of rip-off forex investment products. The 'What to look for' section describes how forex scams can be sprung on investors, and the typical techniques used for the deception. A beginner's section takes novices through the entire forex trading process. Broker reviews help you find a trustworthy firm that suits your investment style.

scambusters.org

This site covers the entire landscape of international scams and helps investors sort out the urban legends from the latest organised rip-off. Regular features focus on the newest schemes to defraud investors. It fraud originating from the internet or sales calls, and has extended analysis of investment fakes for collectibles. A 'scam check station' details new tricks and shows how to dissect a suspicious deal.

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