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Investing in the Forex market entails significant risks, including a substantial risk of losing most of your initial investment. A growing number of forex scams have popped up over the past few years, and the CFTC is trying to educate forex traders about the types of fraud they can expect. Most forex scams are made via word-of-mouth referrals, requesting personal information and promising no downturn in the forex market.
The foreign exchange market, also known as forex, is the largest financial forex market in the world. Because it is non-centralized, forex trading is available twenty-four hours a day, five days a week. Unlike the stock market, the foreign exchange market is extremely liquid and offers investors a unique opportunity to diversify their portfolio. A forex trader's background can be transparent to allow viewers to see how much money they've earned by implementing a forex trading strategy.
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