I'm fond of saying that Forex (foreign currency) and futures trading is being marketed like cheap malt liquor to unsophisticated buyers, and a trio of recent sanctions by the U.S. Commodity Futures Trading Commission illustrates the dangers posed to unwary retail players lured in with $250 mini-accounts with huge leverage.
Forex and futures markets are huge and liquid, and they are dominated by huge institutions. At the same time, the small end of the market is infested by fraudsters and incompetents who bring a Vegas mentality to small investors who can be fleeced in a matter of minutes.
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