Forex Education and Training Schemes Discredited by Wall Street Fraud Watchdog

The Wall Street Fraud Watchdog is warning high net worth individuals and investors to be extremely skeptical about what appears to have become a boom in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term training classes that cost thousands of dollars, especially given how volatile the Foreign Exchange Currency marketplace can be.

The Wall Street Fraud Watchdog says, "Why go to a seminar for a couple of days for close to $10,000, when you can get the same information in a book for less than $20?"

The Wall Street Fraud Watchdog concentrates on investor protection and due diligence, and the group is warning potential investors and those who show an interest in learning to trade the markets not to spend any money at all on a Forex training class, unless they really understand what they are investing in and are aware of the potential outcomes and extreme Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.

The organization says, "Recently we have been inundated with calls asking for our view as to whether forex training classes are worthwhile, or if their cost of up to $10,000 is justifiable. Our opinion is that a book related to forex investing will be of equal merit. These books typically cost around $20, to $30."