The allure of fast & easy money
In the news recently for the wrong reason is ‘Dr’ Clemen Chiang, an options trading ‘expert’ who misrepresented himself with a phD from an uncredited university. Many who have attended his course are now claiming for their money back. He is one, but there are many others. Why are there people who are willing to fork out $3-4k or more for a trading course? Open the newspapers and you will find many of such ads, trainers who claim to have made millions and promising a trading formula that will make you a millionaire too!
Many new investors are sucked in by the allure of fast & easy money from trading, thinking that there must be a secret formula and once u apply it, money will come rolling in.
However, the secret is that… there is no secret!
Trading is an art and not a science, market conditions are constantly changing. A successful trader is one who makes money consistently day after day, year after year. Those who are seeking to make a million in 6 months should try their luck at buying lottery instead. Successful trading requires skills, knowledge, hard work, discipline, practice, account & risk management etc. There are no short-cuts.
