The United States Commodity Futures Trading Commission (CFTC), the federal agency that regulates commodity futures and options markets in the United States, has witnessed an increase in the number of Internet websites fraudulently promoting foreign exchange (Forex) trading systems and advisory services. Among other things, the websites they are concerned about lead prospective investors to believe that they can generate untold "riches" with little or no risk. The quotation in the graphic embedded in this entry is just one example of many. It suggests that if you just know a few trading secrets, you'll be in a position to buy a yacht and join the ranks of the "big dogs" cruising the Mediterranean. Am I suggesting that the site using this terminology to attract clients doesn't have something to value to offer? Certainly not. I personally think there's something to be learned even from a washroom attendant. What I am suggesting is that legitimate Forex training providers don't have a need to use hype to promote their programs. Call me an idealist, but a good program ought to be able to sustain itself without using outlandish emotional appeals.
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