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Internet Forex traders are the best way to be ruined, the number of adds on the internet are numerous, on facebook, and in pop-ups you are promised serious training, serious help and advice, when in fact you have absolutely no chance. Forex trading is highly leveraged, between 1:50 to 1:500, which means that you are betting much more than your real money.
The numbers are there, 90% of clients loose all the money on their account in 3 months, on a yearly basis only 1 or 2% are profitable, which means that you have more chances of wining playing the roulette in a casino. There is like the casinos "beginner's luck", which makes you confident that you can make a lot of money quickly, when in fact you are sure to loose everything.
Please ask the European Union to put a stop to people loosing a big part or all of their savings, sometimes even more, on something which is simply and plainly a scam and should only be done through licensed brokers in banks or broker offices, and not on the internet where anyone more than 18 years old can start trading
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