I read with interest an article in the September Choice magazine on option educators and their wealth creation seminars.
The article states that options’ trading is primarily promoted by educators as a ‘high profit low risk’ strategy to make money in rising and falling share markets.
Options educators have been renowned for making promises of the riches you can make trading these highly leverage instruments for decades and the streets are littered with thousands of unsuspecting customers who believed these over inflated and misleading statements and paid the price.
This practice is not just restricted to options trading but also CFDs, foreign exchange trading and horse racing software with the same marketing spin and hard-core sales.
Whilst these promoters tell the unsuspecting attendees’ that returns in the hundreds and even thousands of percent are easily obtainable in a few short months with little or no knowledge, highly qualified options brokers suggest profits of 1.5 percent per month or even double digit figures in a year, would be a phenomenal return.
In reality, the only people getting rich are those who promote these seminars – anyone attending a seminar that promises returns that sound too good to be true should just walk away.