http://www.bloomberg.com/news/artic...oofing-is-said-to-be-new-york-s-latest-target If forex is your thing you may want to do a reality check. It's hard enough to make money in the markets without additionally dealing with dishonest brokers. Should the charges be true, hang 'em high.
In some ways you just have to accept that there'll be dishonest and illegal activity in almost every market. Of course this mitigates against your profit, but it's something that's out of your hands really. When you think of the scale of Madoff's fraud and others like that, it can be mind boggling sometimes.
I have long been considering Forex trading but I heard it takes a lot of time to learn the objectives of the game first before one decides to go for it. I think it takes a lot of guts and brains to be able to make it through this kind of market, let alone having to face a lot of fraudulent transactions out there.
