Ponzi schemes promise high returns with minimal risk. Scammers use funds from new investors to pay earlier investors, creating a facade of profitability.
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Signal Seller Scam
Signal sellers offer trading signals and strategies for a fee. Many of these signals are fraudulent and lead traders to make poor investment decisions, resulting in losses.
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Fake Broker
Fake brokers present themselves as legitimate trading platforms but have no intention of executing trades.
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Promises of Guaranteed Profit
Forex trading inherently involves risk, and no one can guarantee consistent profits.
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Unrealistic Claim
If it sounds too good to be true, it probably is. Be cautious of offers promising unrealistic returns or overnight success.
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How To Protect From Scammer
1. Educate Yourself
2. Use Reputable Trading Platform
3. Practice Caution with Investment Opportunitie