Trading Course Scams

This tosser is a model, not a trader.

If you see advertisements for trading courses that emphasize how great it would be to work from the home or the beach or go on and on about becoming financially independent, then IT IS A SCAM.

What do I mean by a scam?

A scam deprives you of your money through deceitful advertising. These ads (in brochures, TV or Web sites) sell a dream, but the reality of trading is quite different. To trade successfully, you need to be disciplined all the time and that's not what they tell you. Because trading requires taking on new habits it therefore doesn't suit everyone.

So don't be swayed by stupid pictures of people "working" from a yacht or the beach.

Marketing-hype gives you a false impression of what it takes to succeed at trading. What happens to MOST people who fork-out hundreds or thousands of dollars for such courses is that as soon as they get home and start paper-trading, they soon discover how much work is involved and give up. I've seen it happen many times!

That's why these advertisements are fraudulent. They're not telling you what trading really involves. As it turns out, most of the really useful information they give you in these courses you can easily get for free from books at the local public library or from the internet.

Marketers get your hopes up and make you think that THEY have the key that will make trading profitable and easy. But that's not what happens. They make your wallet lighter but they don't make trading any easier.

Are any courses worth it?

The courses that are worth paying for are those that offer you on-going assistance to help you learn the discipline of trading their system, long after you've completed their course or downloaded their ebook.

Do they offer to answer any questions you have for at least the next 12 months? If not, then I wouldn't buy it.

If they have an online or local support group or chapter trading their system then that's even better. If you can get-together with like-minded people and more seasoned traders who are willing to assist you in your quest to become a disciplined trader then you are more likely to succeed.

If a company is not willing to nurture you and take responsibility for what they're selling, then this indicates to me that they only want a quick-sale by selling a dream. They're not teaching you to become a good, disciplined trader.

Caveat Emptor! - Let the buyer beware!