You’ve heard the commercial; “Cachingo! bull, bear, I don’t care”… The stock-trading genius with a hard New York accent promises that if you’ll follow his system (which, from the goodness of his heart, he’ll give you for free) you’ll make money no matter what the market does… He’s made “millions!”
Tempted? Now think about it; the stock market is an auction – the seller needs a buyer, the buyer needs a seller. Thus, for the fool-proof strategy to work there has to be a willing fool on the other end of the trade – time after time after time…
Ask yourself, is there a dunce who’d be willing to lose trade after trade? And in this information age, will a new dunce emerge as the old wises up (or goes broke)?
The only fool-proof system is the one that continually fools fools into believing they’re not fools for believing…
To the scammer go the spoils…
P.s. same goes for commodities, currencies, real estate or any other tradable item…