I got this article from one of the investor. i think it is good to share this information with the reader ;)
Bank Negara Malaysia has advised the public to not participate in any illegal investment or training programme on foreign currency trading offered by individuals or companies.
In a statement today, the central bank said members of the public are usually enticed to attend such investment or training programmes with promises of quick and good returns.
It said the modus operandi of such programmes has been to offer free training, seminars or workshops to lure investors, prior to inviting them to set-up an online foreign currency trading account with a principal company.
The company has purportedly a valid licence to trade in foreign currency overseas.
It also includes providing convenient access to the principal company's website and facilitates online foreign currency trading by investors as well as the recruitment of fresh graduates as marketing executives.
The graduates are also encouraged to get their family and friends to trade in foreign currency.
Such programmes also require investors to deposit an amount of money into a bank account to begin the trading in foreign currency and subsequently, requesting for a top up on their initial investment (margin call) to avoid losing the capital.
Under the Exchange Control Act 1953 (ECA), it is an offence for a person in Malaysia to buy or sell foreign currency or engage in any act which involves, is in association with, or is preparatory to, the buying or selling of foreign currency with any person, other than an authorised dealer.
It is also an offence for a person to aid or abet another to buy or sell foreign currency with anyone, unless the individual is an authorised dealer.
The list of authorised dealers and financial institutions permitted by the Controller of Foreign Exchange to buy or sell foreign currency can be obtained from Bank Negara's website (http://www.bnm.gov.my/fxadmin).
Source from:
http://www.malaysiakini.com/news/121062
Showing posts with label Forex. Show all posts
Showing posts with label Forex. Show all posts
Sunday, January 3, 2010
Tuesday, November 3, 2009
Automated Forex Trading?
Hi Friends,
I have excellent news to share especially for people with not much time available or know-how in Forex Trading. Forex Exchange is the largest financial market in the world with a volume of over USD3.5 Trillion a day and runs continuously for 24 hours a day, 5 days a week. It presents the best investment opportunity for anyone involved in the trade, for which many are not familiar with.
ESA Trader have just launch a "proven robot, rather a software" that automatically trades forex on your behalf. It's effectiveness was demonstrated when last year in Jan 2008 we started to test run the software and as at 31st July 2009, the account grew from an initial investment of $10K to $170K (aggressive mode) while it grew from $10K to $240K (extremely aggressive). We have just released and launch a "moderate risk software" that is being used by the general public since Aug 1.
Check out the website www.esatrader.com and see the statements of the clients. These are genuine statements of some of my friends' and it is up to date (real time). So if you are looking for a return of investments of 5% to 30% monthly, this will be just right for you (as can be seen from the account statements on the website). The initial minimum investment is USD2,000.
Alternatively, you could also earn as much as RM100K a month by introducing this investments to your friends. Please look at the above attachment (ESA Commission) for the potential earnings from this. The most important thing is, it is achievable.
Call me if you want to know more. Thanks.
A lot of my friends and investors received this email and some of them had joined the automated forex trading program with ESAtrader. ESAtrader even published statement of client on the website. Base on what they published on the web, ROI looked very attractive. 2 methods to earn $$:
1. deposit certain amount of $$ and use thier automated forex trading software.
2. start you MLM biz with ESA, you will get some commission for building up your network.
Check out thier web,
http://www.esatrader.com/
http://www.fxdd.com/en/index.html
http://www.nzfinancial.com/
"i am tempted", said one of the investor.
"it looked too good to be good", said one of the investor.
"i donno. i am not familiar with forex thing. i only know it is about the currency exchange trading. But i am into fundamental, i am happy with my buy and hold strategy and my portfolio right now. No intention to switch", i told them.
"i do not know what is ESA as well. but i heard a lot of high level manager from MNC joining the program. why not you go find out and share more with us?", i told them.
so, below are what they found in the forum.
http://cforum5.cari.com.my/viewthread.php?tid=1754825&extra=&page=1
http://blog.simplyjean.com/2007/11/14/sunshine-empire-probe-illegal-investment-company/comment-page-6/
http://cforum5.cari.com.my/viewthread.php?tid=1754825&extra=&page=1
http://www.forexpeacearmy.com/public/review/www.fxdd.com
Bear in mind that some information in the internet or forum might not true. No bias here. Please use your judgement for your risk analysis.
I have excellent news to share especially for people with not much time available or know-how in Forex Trading. Forex Exchange is the largest financial market in the world with a volume of over USD3.5 Trillion a day and runs continuously for 24 hours a day, 5 days a week. It presents the best investment opportunity for anyone involved in the trade, for which many are not familiar with.
ESA Trader have just launch a "proven robot, rather a software" that automatically trades forex on your behalf. It's effectiveness was demonstrated when last year in Jan 2008 we started to test run the software and as at 31st July 2009, the account grew from an initial investment of $10K to $170K (aggressive mode) while it grew from $10K to $240K (extremely aggressive). We have just released and launch a "moderate risk software" that is being used by the general public since Aug 1.
Check out the website www.esatrader.com and see the statements of the clients. These are genuine statements of some of my friends' and it is up to date (real time). So if you are looking for a return of investments of 5% to 30% monthly, this will be just right for you (as can be seen from the account statements on the website). The initial minimum investment is USD2,000.
Alternatively, you could also earn as much as RM100K a month by introducing this investments to your friends. Please look at the above attachment (ESA Commission) for the potential earnings from this. The most important thing is, it is achievable.
Call me if you want to know more. Thanks.
A lot of my friends and investors received this email and some of them had joined the automated forex trading program with ESAtrader. ESAtrader even published statement of client on the website. Base on what they published on the web, ROI looked very attractive. 2 methods to earn $$:
1. deposit certain amount of $$ and use thier automated forex trading software.
2. start you MLM biz with ESA, you will get some commission for building up your network.
Check out thier web,
http://www.esatrader.com/
http://www.fxdd.com/en/index.html
http://www.nzfinancial.com/
"i am tempted", said one of the investor.
"it looked too good to be good", said one of the investor.
"i donno. i am not familiar with forex thing. i only know it is about the currency exchange trading. But i am into fundamental, i am happy with my buy and hold strategy and my portfolio right now. No intention to switch", i told them.
"i do not know what is ESA as well. but i heard a lot of high level manager from MNC joining the program. why not you go find out and share more with us?", i told them.
so, below are what they found in the forum.
http://cforum5.cari.com.my/viewthread.php?tid=1754825&extra=&page=1
http://blog.simplyjean.com/2007/11/14/sunshine-empire-probe-illegal-investment-company/comment-page-6/
http://cforum5.cari.com.my/viewthread.php?tid=1754825&extra=&page=1
http://www.forexpeacearmy.com/public/review/www.fxdd.com
Bear in mind that some information in the internet or forum might not true. No bias here. Please use your judgement for your risk analysis.
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