Anyone heard of T3B? It's a company founded by Keane Lee. Teaches people when to buy stocks and when to get out. Anyone been to his workshops before?
There a many con man out there now "teaching" people to make money.
The modus operandi is the same.
Dress well and act rich (some are because family rich)
Get a Preston degree or something like that
Get some accounts going, some will make money some will lose. (net result will be lose a bit.
Show the profitable ones and tout some free workshop and seminar.
Get people to join and pay for longer workshop
Make more money by asking these desperate and gullible people to trade
thru their brokers which will also make money thru comissions from them.
Result, people lose money and these con men will have more and more seminars resulting in you thinking that
"It seems a lot of people are in it,it shouldn't be that bad,right? "
Also at anypoint in time, some of these victims will actually make some money due to pure luck and nothing else. They will eventually lose , but in the meantime, they will be advertised as the success stories resulting in more and more desperate and stupid people joing in.
It could be Options, Forex, and even stocks.