I hope you had some fun sharing the previous blog with as many family members, friends and people of the trading community as possible. If you have not read part 1 of this blog, be sure to go through it before continuing with this article. You can find part 1 here:
https://pneuma.capital/the-greatest-trading-system-ever-produced-part-1/
I hate scams. They are incredibly dishonest and make it seem like making money through trading is easy. Companies use sexy marketing to lure honest people into spending money in their courses or signal services. Be wary of phrases such as:
“Trading is easy and anyone can trade”
“Make money with this secret formula that the big banks don’t want you to know about”
“Guaranteed profits”
“Own your dream Lamborghini and mansion”
The message of this blog is to get the word out that there is no secret sauce to trading. There is no get-rich-quick method to making money in the markets. Like any other skill, trading has to be developed over years to achieve mastery. Think about any profession that makes a lot of money – someone would need to pass school and go into college to learn the skills and fundamentals. Afterwards, there needs to be work in the field to be considered competent. The same applies for trading – it takes many years to master.
Be very cautious about a course or system that seems to be too good to be true. Internet scams are incredibly efficient at enticing the public. Most trading courses that I know of make money ONLY from selling the course, and not with the actual trading strategies that they preach. Expensive flashy items like watches and exotic cars are rented to create enticing promotional videos to lure you into their sales funnel. Screenshots can be photoshopped and testimonials can be faked. The bottom line: do your research and guard your money against snake-oil salesmen. You work hard for your money – do not give it away to a scam that is not in-line with the realities of making money in the markets.