Phishing

Phishing scams can take many forms, such as fake emails, social media messages, or websites that look like legitimate trading platforms or financial institutions. They may use social engineering techniques to gain the victim's trust and trick them into providing sensitive information or clicking on malicious links or attachments. In trading, phishing scams can result in the theft of sensitive information, unauthorized access to trading accounts, and financial losses.

For example, a phishing scam may involve sending an email or message that appears to be from a trading platform or financial institution, asking the recipient to click on a link and enter their login credentials to confirm their account details.

Once the victim provides their credentials, the scammers can access their account and steal funds or other valuable information.