Forex is that grandpa�s old leather suitcase for traders; it�s a trading platform for currency exchange and commerce purposes. But it has its own 2 equal halves of good and bad. It is a platform where we can exchange a huge range of currencies and gain huge profits as well as fall trap to many frauds. These are trading frauds or schemes that are used to trap the traders by convincing them that the price of a particular currency would be increasing, and they could buy it; later this may cause huge losses to him, hence scamming the trader.
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