2009-12-05 06:03:24 - Biz Coach Terry Corbell explains the importance of due diligence in the wake of scandals in currency trading.

Recent scandals illustrate the importance of being very careful in Forex trading, according to Seattle management consultant Terry Corbell. He explains how and why to be careful on his Web site, bizcoachinfo.com.

“Published reports indicate investors have been defrauded of millions of dollars,” writes the business consultant. “In fact, you’ll find 16 million references if you enter the key words, ‘investor scandal,’ on search engines.”

For example, in November, Horizon FX Investments was implicated by Canadian authorities in British Columbia involving $34 million and 1,000 investors.

“Especially since the Digital Age began to really take root, we’ve been seeing a whole of innovations, changes and advances – all thanks to globalization and technology,” Mr. Corbell writes.

He points out there been great

developments.

"Ask George Soros, a remarkable story, who has made mega bucks as a speculator,” he suggests.

“Not to oversimplify, Forex trading mainly refers to the foreign exchange market for international trade and investment in currencies and cash via what’s called the interbank market,” the profit professional explains. “Forex trading is highly specialized and it isn’t available at every bank and financial center. It’s important to only deal with reputable people.”

Read his Forex report: www.bizcoachinfo.com/archives/2121.

Mr. Corbell’s full-service management services firm has provided confidential business solutions for Seattle area companies, the public sector and nonprofits since 1992.

His financial turnaround program is available on a pay-for-performance basis for a small monthly retainer and one percent of the net profit increase.

To see him at LinkedIn: www.linkedin.com/in/terrycorbell.

Catch his announcements via www.twitter.com/bizcoachinfo.