Is Forex Peace army and forexbastards.com a SCAM ?

Why would one so called guru need so many forex sites ?


Forexbastards.com | Kingforexsignals.com
Secretnewsweapon.com | Secretforexsociety.com
Forexfreedom.com | Forexdiamonds.com
Forexpeacearmy.com | Forexpeacearmy.org forexpeacyarmy.com are all these site run by a man who knows nothing about trading im starting to think yes ! its all a scam , now i see Dmitri Chavkerov on cnn tv as a con artist and scam !

Answer
TOTAL SCAM ! I LOST MONEY WITH THIS GUY, he just got busted for online fraud by the FBI and other federal agency its in his nature to defraud and pretend to be what he is not. he was found in a tiny apartment , and his financial record reveal he lost most of his small account in trading years ago and almost all of his saving was from sales not trading, proof again he is not a real trader just another sales man selling dreams to new traders looking for hope ! i would not give this fool another penny of my money ! he lies about everything and hides the truth, there are way better alert service company's out there real alert services companies. i give this fraudster a big fat ZERO. he owns a ton of web-sites a classic scam tactic to flood a niche market with your web-sites so no matter what you buy it will still be from the same vendor what a sham !

How does forex work when buying and selling?

Q. So if i want to buy jpy/aud or anything that does not have us dollars in it how would it work. Would i convert my us dollars into japanese yen when i buy it. Then when i sell it i convert the jpy into aud then i once again convert it into usd. I am really confused can someone help me. When i pay the broker their cut for being the middle man do they take percentage in usd or jpy or british pounds or what.

Answer
It depends which currency your brokerage account is ,

I'm in New Zealand and have a forex account in Australia, so it's balance is displayed in AUD.

When I do a trade on the USD/EUR pair, I'm just playing with the EUR/USD rate - all of the calculations are done in AUD.

I think forex peace army and babypips have the best free training.

You need to read up on money/risk management before you start and having a position size calculator will help when you first start out

Good luck