More than 90% of small traders (newbies and amateurs) lose trading in the stocks, futures, options, fx, and etf. One of the sole reason is they are being scam by these unregulated 3rd party educational vendors. Of course, the government will not be able to protect you from being scam. The best way to avoid becoming a scam victim is to use your best judgment. Here are the following tips: 1) I have created the scam list: http://www.elitetrader.com/vb/showthread.php?threadid=212110 2) Avoid cheap sales talk. For example: a) i will guarantee you will make a profit. b) god will make you rich c) i walk my talk d) I can make you money e) I am the best trader you will ever met f) i know a lot of rich important people g) i trade live and making $50K per month. I made more than a million last yr h) i can turn your $5000 account into $100K in 2 months i) this is not rock science. j) trading is easy. trading is easy to make money k) i own a Ferrari and a mansion in key west florida. L) i profited $5000 yesterday I am looking for the best tips or a list of snake oil sales talk quote. Bring them up!
Honesty: That is just not accurate. False gurus and vendors are only incidental to trading losses, not a primary cause. I f there where no false gurus, someone would have to create them, which is why they exist.
Updated snake oil sales talk quote: i will guarantee you will make a profit. god will make you rich i walk my talk I can make you money I am the best trader you will ever met i know a lot of rich important people i trade live and making $50K per month. I made more than a million last yr i can turn your $5000 account into $100K in 2 months i this is not rock science. trading is easy. trading is easy to make money i own a Ferrari and a mansion in key west florida. i profited $5000 yesterday "I don't need your money."
A favorite classic line I have heard hundreds of times is: âI am going to make you more money than you ever dreamed ofâ¦â