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Chapter 8. Inside a Forex Platform > Doing Your Homework

Doing Your Homework

As with any important transaction, you want to make sure you're dealing with someone you can trust and rely on. Forex has suffered in the past from scandals and fraud, so it's important to take some elementary steps to protect yourself and your money.

Investors using a Forex firm based in the U.S. should start by checking out the website for the National Futures Association (www.nfa.futures.org). As explained earlier, the NFA is the self-regulatory body given authority by the Commodity Futures Trading Commission.


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