Making money isn't a bad thing, people strive for it, earn it, all that is great. But when people use to believe that they can get rich overnight or someone else will make money for them, actually they are preparing themselves for scams.
It's been in long-lasting debate there is no shortcut to success, you can't get anything without efforts made - the process of obtaining things is essential.
But people don't understand that. And this becomes the major reason behind scams. According to scamwatch, over $63 billion are scammed each year in online trading and but a few are recovered. Some people lose a lot of money in forex trading but don't recover their money back because they never find a trustworthy forex scam recovery service. Scammers have many ways to scam innocent people and a few of them are as follows. Fake brokers
While trading in forex, it's a widely used scheme to scam people. There is a huge list of fake brokers who offer people quite low commissions and full guidance.
They might claim to get a commission on high profits or something like that, but, once you send your money to them, you won't get that back.
However, if you were found to be an easy target then they might send you money back once, as committed so that you invest a lot more than the previous investments. And in this way, they can steal all of your investments.
If you have been a victim of any scams, let’s you lost money in forex trading, bitcoins or binary options, then you can reach out www.onlinetradingscams.comfor free consultation to recover your scammed money back.
Group investments scheme
If you're a trader then you might already know that you get higher profits with higher investments. And the risk of losing your money is far less in higher investments. For example, if you have $100 in your account and the graph goes down, your $100 will vanish within seconds or almost minutes. But if you have $10000 in your account then no matter how fluctuations you see, your account won't vanish for even months. And in this way, you can recover from the loss.
This is true but scammers use it as a trick to convince to invest your share in the group investments.
Once you all people invest your small investments, they simply kick all of you from the group. Unbelievable ROI
It’s human nature than we want quick results. We are always in a hurry to achieve things in our life. And scammers know it well.
That’s why they offer huge incomes and overnight success. They make you believe that within your this investment will become life-changing.
Most of the time, their requirements aren’t huge. For example, someone reached me a couple of days ago and asked me to invest in their business. They promised to provide me with 10 times profit within 48 hours. I asked them for their threshold amount, they told me as it’s $200. I said I don’t have that much amount, they inquired to send them whatever I had. I blocked that person.
Actually, such traps are designed to scam people, especially those who don’t have much knowledge of online trading and want to get into it or those who to make money quickly. So it becomes a great weapon for scammers.
I am Malik Nauman, a reputed guest blogger, who has been in this profession for about 6 years now. I have been sharing my opinions and contributing to varied websites.