I have received a report that some people have paid several thousand dollars to attend a forex trading course on the expectation that they can learn some trading techniques to make money. Most of these people earn up losing money on the trading activities. And they are too shy to admit that they have made a big mistake in entering into this line.
If you have been misled into paying money for the course, and you have proof of the mis-representation, e.g. the trainer has told a lie about the profit made by other traders using his technique or about his past trading experience, you can recover your fees through the small claims court. See this past case.
If you have been misled into paying money for the course, and you have proof of the mis-representation, e.g. the trainer has told a lie about the profit made by other traders using his technique or about his past trading experience, you can recover your fees through the small claims court. See this past case.
5 comments:
I have received two reports from people who attended the training courses and stated that they have been misled. They gave the specific names of the organizer of these courses.
I need more reports from other people who have attended these training course. The complaint would be stronger, if several people who attended the same courses are willing to come forward to make the same statement of being misled or cheated.
I hope that more people will come forward now.
These two complainants felt strongly that the organizers of these courses should not be allowed to continue their activities as they are misleading the people in two ways - first by charging high fees for courses that are of no value to them, and second (which is worse), getting them to trade in currencies and incurring larger losses.
Trading in forex is worst that gambling in a casino. When you trade forex, you are betting against the professionals working in the big financial institutions.
These professionals have more information and get the news earlier than the individual punters. They also have big sums of money and can move the markets in their favour. They can also use tools, such as high frequency trading.
The small time traders are placed at a big disadvantage and are likely to lose after a while.
Many small time traders have incurred large losses.
Everyone can learn forex without having to spent hundreds maybe thousand of dollars.. here you can find many stuff:
Online Forex Broker
Goodluck and happy trading!
Hi,
A forex trading course must enable its enrollees to read and interpret charts. The course must help its enrollees to identify. That could be a very good thing. The ability to read and interpret charts as provided by a forex trading course will keep the trader grounded of current market realities. Thanks a lot...
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