Recent content by Andrew Jones

wildcat performance unverifiable from data presented Looking at the performance data presented there is no time zone noted. All the performance data we get from the EA tests seems to be lacking a time zone. Therefore I assume it is GMT, given that FX is 24/7 worldwide. Now looking at the...

Can someone please explain how these work. My understanding is this: I go short AUD/USD pair. I sell $100,000 AUD and use it to buy USD. I have taken out a loan and must pay interest on my debt. I could not sell the AUD unless I had some to sell So I had to borrow it first. If I hold the...

Dear RahmanSL, You raise a good point about doing research to spot scammers and someone from Forex Peace Army should actually investigate the webpages of brokerages and report the ones that smell bad. But actually if you apply these rules you will not be the victim of the super basic scam of...

A few days earlier I posted a message called "easy test to reveal scammers". I noted 4 conditions that must be met before you can trust a "broker". Let's see if FBS meets those conditions. From their website at fbs.com this is what I learned 1) Their official name is FBS Markets Inc. So they...

Scammer "company" address even a good physical address in a stable country is not enough. In fact, that is part of a scam tactic to deceive people. You must have a good physical ADDRESS IN THE COUNTRY IN WHICH THE COMPANY IS INCORPORATED. That is where the regulating authority or court etc...

Apply the easy tests to reveal scammers It is obvious that these guys are scammers as you can apply the test of four simple steps to reveal scammers in my post earlier today called "simple test to reveal scammers. On their webpage they do not even show that they are a company, so you don't even...

I have a degree in law LLB, and I see that some people who have been scammed need some basic legal education. Here it is. 1) The first thing about Forex is that you must have a contract with a broker. 2). You must know where that broker physically is and 3) you must know how you will use the...