A Trading Post Blog
Commentary on Trading Post and the Online Trading Industry

Dec 02 2007

Gross Misrepresentations in the Forex Market


It's amazing how many distressing Forex-related things I see on a regular basis. This market has truly fostered a Wild West type of landscape and the mentality of trying to make a quick buck in what has not been a traditionally regulated market has too many people occupying a space they have no business being in.

Below is a classic example of pure, and utter GARBAGE. It's by a woman named Caterina Christakos who runs a number of websites it seems, but the main one being www.easyforexcurrencytrading.com ... uh OK, website aside, the video below has nine views, which I am sure have been fortunately viewed by only Caterina and myself.

She doesn't know what she is talking about, and what she is talking about is extremely misleading. She states the reason she trades is because of the interest that she makes off the Forex market. She also states that you can make 2-12% in interest per day.

She continues: "Everytime you stay in a trade, you earning daily interest." Then there's the comment of you have to make sure you have enough in your account so you don't get blown out and lose money. She ends by saying that you can earn daily interest and EVEN make money trading too! Wow, is all I could think.

The reason why there are people like Caterina is because of companies like Freedom Rocks, which she is an independent representative of. What the president of the company Mark Vincellette fails to recognize is that with his business model there will be gross misrepresentations of any merits that his program might have. In the end it hurts more than it helps. If he wants to challenge that I'll give him the floor anytime.


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