Is finance today full of scammers and idiots?

Seriously, it won't be an exaggeration to say that the vast majority of people associated with fx firms, cfds, option brokers, hedge fund managers and etc are just plain scammers in one way or another. And this leaves a very small part of real traders and...stupid geeks who price options, etc. Basically, I can write like 50 sentences with examples as to "why", but i am way too lazy to do so and i don't give a fuc* to prove to some random internet stranger how much i know...so i'll stop here.

10x

 

Yes. Always has been. Not different from most other pursuits that way.

 

is this news?

to whom?

 

That's not exactly finance. More like sales, the "used car salesmen" type.

 

you sir are misinformed. how many hedge fund managers have you met? how many of them seem like scammers, or idiots?

 

should be careful of what you are doing.