A few cautious forex discalimers and words about the Forex Trading industry ...
For the Forex Trader, Self-Trading in the The Foreign Currency Exchange is a relatively new concept, and the Exchange itself is a fairly recent newcomer to the investment world since the inception of 'floating' currencies in the 1970's. Today, the currency market is the largest market in the world and it has proliferated with unprecedented growth. This growth has been (for the most part) less regulated by government agencies than other markets. Following the "Modernization Act of 2000" the Spot Forex market is clearly regulated by the Commodities Futures Trading Commission (CFTC) and new rules and interpretations are being developed. It is an accepted fact that the Forex Trading Industry will soon fall under much stricter rules and laws, ostensibly to protect the investor.
During this period of growth under developing regulation, it is the responsibility of all investor/traders to make themselves aware of the risks -- both the inherent risks of investing per se and the risks of dealing with unscrupulous forex firms and entities. In this time of transition, as legitimate Forex Clearinghouses, Brokers, Fund Managers, Data Providers etc. are more and more opting to conform to developing rules, you will see extensive Disclaimers which are required to be in compliance with these agency rules.
Although these Disclaimers tend to be ponderous in content and length, we generally take them to be a good sign in an effort to educate the investor to the potential risks -- an overstated risk can do less harm than an exaggerated claim. It has been said, in the high art of hyperbole humor, that Disclaimers are there to inform you "that if you spend any money on anything there is a chance you will lose it and feel stupid or worse; so you can't blame us for not telling you."
The imperatively important bottom line of all forex disclaimers is, and for good reason: never invest any money that would cause financial hardship if it was lost.
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