People may encounter various Forex traps due to lack of experience, ignorance, or gullibility. Ways in which they can fall into the trap:
- Promises of quick and easy profits. Unscrupulous brokers and traders may promise investors high and stable profits in a short time. These promises can have a strong influence on newbies who may not consider the risks.
- Aggressive marketing. Fraudulent companies may use aggressive marketing techniques to attract customers. They may use cold calls, email spam, and promises of "exclusive" opportunities.
- Fake trading signals. Scammers may give false trading signals, promising a successful strategy that may actually lead to losses.