I am planning to do link exchange and wonder any problem with adsense if I do link exchange. I don't want to take any risks.

I would appreciate your help.

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And how can we win, when fools can be kings

Ohh yeah! That is where I saw this same thread, lols.

You got a good memory chrishirst.

I guess that google will allow only the related sites or blogs to link exchange and if they ever found that you have exchanged links for payment or by illegal means, they will penalize your rankings immediately, so be very cautious when exchanging links and do it ethically!

Of course... But it has less value. The link must be related to your and a quality site...

yes google doesnt allow reciprocal link exchange but you can do oneway link exchange or two way link exchange or three way link exchange to develop natural link for your site. also Google consider this link as natural one way link.

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SEO, Sales & Marketing strategy

I don't think google will allow it ,and if you want to do that, you will kill your google account . google want to get real customers for the ads, and if the they could not get it, they will not waste money in your account.

hmmm, you can do it but not to many links!!!