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CNN quoted Godfried De Vidts, President of the Financial Markets Association, a European body, as saying, "Banks have a duty to protect their customers and they should make sure customers understand what they are doing. Currency trading "has become the fraud du jour," according to Michael Dunn of the U. A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market." Between 2001 and 2006 the U.An official of the National Futures Association was quoted as saying, "Retail forex trading has increased dramatically over the past few years.. Commodity Futures Trading Commission (CFTC), which loosely regulates the foreign exchange market in the United States, has noted an increase in the amount of unscrupulous activity in the non-bank foreign exchange industry. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million. The North American Securities Administrators Association says that "off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud. But "the market has long been plagued by swindlers preying on the gullible," according to the New York Times . Often, theSome more useful information on capital forex currency forex learn online trading commodity
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