How to spot Forex Expert Advisor scams: Check the automated trading system’s backtest report for the biggest drawdown, and see if the lot sizes are growing. It’s possible that the strategists are utilizing the martingale trading method to recoup losses.
For a very long time, making money from currency trading required you to perform in- depth technical analysis, constantly keep up with the news, conduct in-depth fundamental analysis, and chain yourself to a computer monitor to monitor price charts.
The foreign exchange market is a global marketplace that is open around the clock from Monday through Friday. This market is where currency trading takes place. OTC stands for “over the counter,” which refers to the fact that there is no physical exchange for foreign exchange trading and that the market is supervised by a global network of banks and other financial institutions.
Scams can be complex and hard to fix. If you suspect that you have been scammed, the best way to fix the problem is to get expert help because you will need advice on legal and procedural matters.
