CategoryGeneral Articles

With the collapse of Bernard Madoff’s 50 billion dollar investment fund, Ponzi schemes are very much in the news. Recently, the FPA investigated CRE Capitol Corporation and the TradeLite HYIP, both of which turned out to be Ponzi schemes. I’ve covered some of this before in my article about managed forex, but since so many people have lost so much money to both classic Ponzi schemes and HYIPS, I thought this style of scam deserved a more in-depth analysis.

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Back when the FPA was new, there was one unique bit of Felix’s philosophy that really struck me. What caught my attention was that he talked about always donating 10% of his trading profits to a worthy cause. He said that when he did this, new opportunities opened up, and when he didn’t do this, good opportunities were few and far between. This helped to resolve a deep ethical dilemma I have had with the whole concept of forex trading.

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I’ve been observing the growing cancer of binary options scam since it first slithered up from the darkest pits of financial crime. I’ve worked long and hard to do what I can to warn traders away from binary options and to help binary victims fight back. Unfortunately explaining facts like how badly the odds are stacked against anyone who “trades” binaries and how many complaints their are against binary companies doesn’t pierce the mental defenses of many people who desperately want to believe in easy money.

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A few months ago, a number of gold and silver investment sites reported on something surprising out of China. The rumor is that the government was running ads on TV encouraging people…

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After many years, the forums software has been changed. Most of the old functionality should still be there. The new software will enable some more upgrades to be brought online in the coming months.

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If you haven’t noticed yet, the reviews got upgraded 2 weeks ago. There have been many small upgrades to the reviews over the years, but this is the first complete overhaul of the system.

Forex Peace Army

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