Why do people from India keep asking such simple Forex questions?
by on Tuesday, August 13th, 2013 | 3 Comments
Question by Go with the flow: Why do people from India keep asking such simple Forex questions?
Over and over again.
Like what is a good forex site?
Or how to invest in forex?
Are these little kids?
Best answer:
Answer by falsi fiable
All the scams with which you and many US citizens are familiar are emerging in other areas of the world. Heck, many US citizens still believe in the following:
1. Multi-Level Marketing (MLM) gimmicks
2. FOREX investing is easy and profitable
3. Investing in gold and silver is easy and profitable
4. Work from home jobs are plentiful and legitimate, if someone would just tell you where to look
5. Fox News is fair AND balanced
Add your own answer in the comments!
Forex shills – nearly always new posters with low scores. And then soon thereafter another shill offering helpful advice.
I agree with both of the first two answers.
1) The vast majority of forex questions are “spam feeders” – fake questions that exist solely for the spammer to add links later. You should be especially suspicious of any questions about:
– forex robots
– expert advisors
– binary options
– forex managed
2) Some of the scams are directly seeking victims. Others are using YA as a cheap version of SEO (Search Engine Optimization). They just want a free place to post links in order to push up their ranking on google.
3) Financially, India is classified as an emerging market. The level of financial sophistication (both markets and investors) is very uneven, and prone to a variety of scams.
– “tips” as the source of investment decisions
– Ponzi/pyramid schemes. Two recent examples are unipay2u and speakasia.
– Naive thinking that novices can extract easy profits from forex, stocks, etc.
– Regulation is weak. Government corruption is a problem, so scammers operate with impunity.
These scams can happen anywhere, but the amount from India is amazing.
Forex such type a job if you manage this business well then you will earn a large amount of money in a short time. But it has a high risky condition. If you learn well about forex then you can face to this risk. Otherwise, you can fall in loss. On the other hand india has big forex market so it may happened here.