Comments on: Online Scams – High Yield Investment Programs (HYIP)

By: hyipdata

hyipdata — Fri, 07 Jan 2011 17:00:04 +0000

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By: B.T

B.T — Wed, 28 Jan 2009 20:36:50 +0000

still commenting on http://www.commercebarter.com, i have not been able to withdrawand i have contacted them, they said i must pay a fee of 100$, i quickly took caution and i think they are scams too.

Jesus help us out

By: Jon

Jon — Fri, 07 Mar 2008 02:38:03 +0000

Thanks for a great article. All Hyip are basically ponzi schemes who manage to survive only if more people join, which ultimately sooner or later will be there downfall. This is because they pay the interest of the early joiners by using the capital of the new members. There’s no investment and no returns, and your money is used to pay others until it collapse.

Unfortunately a lot of these Hyip’s pretend to invest in the Forex market which is totally false. Now money can be made in the Forex Market, just like in any other market. However, you must learn and practice first. There are a number of individual trying to also sell you course and methods which aren’t worth it, so due diligence is required. But with the right information and knowledge, trading Forex can be really rewarding.

But as the author points out rather well, use your common sense and stay away of offers which seems too good to be true.