Forex scams are fraudulent schemes that target individuals interested in trading in the foreign exchange market. These scams often promise high returns with little risk, luring victims into investing their money. Common tactics include fake trading platforms, misleading advertisements, and unregulated brokers who disappear with investors' funds. Many scams also involve signal services that claim to provide expert trading advice for a fee. Unsuspecting traders may pay for these services, only to receive little to no valuable information. It's essential for individuals to research and verify any trading opportunities to avoid falling victim to these deceptive practices.