I am in Chennai. A foreign exchange share broker advised me to trade in foreign exchange to get 36% to 60% profit per annum. The amount may be deposited to www.alaron.com.through ICICI bank. The broker will trade on behalf of me. He is saying that he is not able to draw money without the knowledge of me. Is it safe to deposit with www.alaron.com?. Is it possible to get the above said percentage of income? This kind of business is legal or illegal? Any permission to get from Reserve bank of India?
Please guide me in this regard. Advance thanks for your useful information.
2006-12-07 20:53:43 · 3 answers · asked by baboo b 1 in Business & Finance ➔ Investing
If someone tells you they can generate 36% to 60% profit annually, they are lying. There is always the possibility of making those kinds of returns, but there is also the possibility of loosing everything.
It is my oppinion that you are being scammed. It is not a good idea to believe what a perfect strainger tells you over the phone ever!!! Especially when it comes to money matters. In fact it is not a real good idea to believe what anyone tells you reguarding money matters. Rely on your own knowlege only. That way you will have only yourself to blame if you make a mistake.
2006-12-07 23:48:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Forex trading can certainly make you that kind of a return and at the same time you can lose that same amount. It is perfectly legal.
I am not familiar with alaron.com but if you would like to know more about trading the forex successfully, click on http://www.4xmoneytrain.com
A revolutionary software does 95% of the work for you. The software uses a hedging system, that reduces risks and loses, and always buys low and sells high thereby locking in profits from the fluctuations in the market.
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2006-12-08 09:51:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do not get guided by any one just because they are foreign. What is essential is any such activity, there can be losses too. There is no assured income in speculation. Are you prepeared to lose? Then you can go with him. If not stick to your own judgment.
remember I only asked you whether you are prepared to lose,only tohighlight the possibility and it is not to be treated as comment on the person who approached you.
2006-12-07 20:59:38 · answer #3 · answered by cvrk3 4 · 0⤊ 0⤋