What is a Forex Trading Software Scam?
Is it really the best forex software or is it a scam? Next time you are in an internet forum and you are trying to decide whether negative comments that you read about a product are really a sign of a scam, it is useful to picture the situation happening in the real world, i.e. offline. This will help you when you want to buy forex software.
Imagine that you went to a bookshop, bought a book with a forex system in it, but when you tried the system it didn’t work for you. Maybe the method described was an old one, or maybe the system just was not going to match your particular trading temperament. Most likely you would accept this system was not for you and would buy another book and look for something that did work for you. You wouldn’t go back into town and call the bookstore owner a scammer.
Now say the store got thousands of people to pre-order the latest book on forex, and you and 1000 other people all handed over your cash, and the next day the store was closed and the owner had left town … that is a scam.
the dictionary defines the word scam as ’a fraudulent business scheme; a swindle’. There is a premeditated intention to deceive. Scams are illegal. The word should not be used to talk about a service ot product that was supplied honestly.
People are very suspicious of buying online and you will often see the word ‘scam’ thrown around without much justification. In most cases it is the customer who is at fault because they cannot get the product to work for them, or maybe it is an over worked or out of date system. Even though actually buying it was bot maybe a good idea you cannot label it a scam.
There actually aren’t many pieces of forex software out there that are scams. You are more likely to get ripped off if you allow some third party access to your money and to trade on your behalf.