Most of the traders think that forex is a sure way of getting quick money. Well. to be honest it is but that is only if you are being honest. Being dishonest means believing something that you know is not real enough but still moving forward with it. When that happens, frauds are clearly in the picture. Forex trading scams can be of different types. The traders can be led to believe that the tip they have received from their so-called “broker” is true, or the leverage that is being provided can help them in earning more.
The worst part is, there is hardly any space between reality and fraud when it comes to forex trading. Read more to understand what can happen to the traders if they have half or no knowledge about the market.