With online forex trading and digital investment platforms becoming more widely available to a growing cohort of would-be novices, many of them are falling victim to fraud, as scammers now flood social media channels with promising investment returns and lucrative opportunities.
Scammers will take advantage of investors' limited knowledge of a specific security or investment, using their supposed experience in the market as a way to get someone to invest. While there are investment opportunities available in up-and-coming market segments, ensure that you are well-informed beforehand, and have conducted enough research before investing in anything you’re not clued up with.
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