Source: http://www.powerhomebiz.com/News/122005/forex.htm

Some points for spotting Forex scams

• Beware of any company, organization or individual, that claims that their FOREX strategy carries little or no risk.
• No profit guarantees: Even the best and most experienced FOREX trading firms cannot guarantee that they will make a profit on any given day
• Employment Ads for FOREX Traders. Often it is not employment as in you get payid to trade, but more you are given an account and have to make the money yourself by taking risk with your own capital.