I am amazed at the amount of trading courses advertised in our local newspaper The Straits Times. Many are promising to teach the secrets to trading successfully in foreign exchange, options, stocks, internet marketing and even property.
From my understanding from course participants’ feedback, most of these courses promise to pass on the secret formula of success after a short 3 day course over the weekend even if you are only a beginner. Lured by greed of claims to easy money, those who signed up parted with thousands of dollars to register. However, they ended up attending a course that did little more than teach them the basics of how to open an account and enter a trade.
By the law of large numbers, if a huge number of people attended, there is a random possibility that someone will eventually be successfully. That particular person will be highlighted and produced ......