In 2014, the AMF (Financial Markets Authority) pointed out the risks incurred by online trading enthusiasts. According to the stock market policeman, 90% of French people have lost a value of 4.5 billion euros because of online trading scams.
The selling point of trading sites is enough to seduce the most pessimistic. After all, it is more tempting to invest in high-yielding financial markets than to invest your money in savings that no longer yield anything. However, behind the scenes is often penalizing for beginners, because online trading scams are flourishing all over the Internet. Tradestation-International offers you here an overview of the main risks of online trading.
“Do the stock market to no longer have to work”, “Earn money in 60 seconds on binary options”, “Boost your profits with our revolutionary algorithms”… So many advertising messages that will jump out at you. After all, who doesn’t dream of multiplying their assets without having to work hours? However, behind these somewhat eccentric promises hides a whole network of scammers whose sole purpose is to extract money from you using speculative trading.
Keep in mind that scam professionals will make you believe that you are investing in a winning bet, when in reality you are falling into a vast phishing ring.
The media doesn’t pay as much attention to it as it did a decade ago, but even in times of market volatility, online trading carries dangers that aren’t always obvious at first glance.
Cybersecurity risk. The third risk, and probably the most dangerous, is that relating to cyber security. The latter can cause a plethora of damage and losses for both novices and experienced traders. The best way to reduce this risk is undoubtedly to use methods of protection against the dangers of the Internet: change your passwords regularly, avoid sites that do not use any data encryption, etc.