March 24, 2011
What control one investor has over his broker in Forex trading when the parties agree to share the P&L.?
By Planet Wealth
My friend has opened an account with a Forex broker and invested about ,000 in and given his password to the broker to dead. It’s about a year now and his investment has come down to 12,000.
The broker committed to share the profit and loss of the investment.
My friend didn’t research much before the investment and still undecided what to do with his investment. The broker now a days doesn’t receive his phone.
I would appreciate if someone has some advice for my friend. Thanks.
Topics: trading tips | 7 Comments »
7 Responses to “What control one investor has over his broker in Forex trading when the parties agree to share the P&L.?”
Comments
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March 24th, 2011 at 3:08 pm
I am trying to learn some about Forex trading also. I found this site, which may be helpful.
March 24th, 2011 at 3:08 pm
It sounds like your friend got scammed. Your friend should withdraw the rest of his money as soon as possible, then take the time and energy to educate himself on how to manage his own money instead of relying on others to do it for him.
As a general rule, no one cares more for your money than yourself. Anyone else only cares to take it from you.
March 24th, 2011 at 3:08 pm
Alguien conoce una buena pagina de forex que acepte paypal?
March 24th, 2011 at 3:08 pm
If you do a decent self paced trading course you will find out about excellent brokers, market times, auto forex products, and a vaireity of other areas that you haven;t even thought of.
I have done a couple of in class courses, but the best one so far was TradingPro.
I hope this helps.
Craig
March 24th, 2011 at 3:08 pm
Im a small fuzzy on your initial questions.
But, you can find answers to all thing Forex at the site below:
March 24th, 2011 at 3:08 pm
Any specific questions regarding forex trade you want to know in the
forex market are answered by experts weekly.
March 24th, 2011 at 3:08 pm
The Foreign exchange market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders’ investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
The participants in the currency exchange markets have traditionally been the central and commercial banks, corporations, institutional investors, and hedge funds managers. Bank of America alone made a $530 Million profit in Forex trading as stated on their annual statement under "Global Investment Income".