Some forex training programs will attract you in with an enticing local advertisement. Letting you know to get in on the BIG secret by reserving your seat. Oh, and the seating is limited. So ‘don’t think about it, give us your money and reserve your place now!’ The seminars are set up so they can hop from town to town collecting their paychecks. They collect the fee then leave their customers out to dry. Leaving you scammed, confused, and likely in a worse position than you were before.
There is a crucial lesson to remember that applies to both trading educators and businesses in general. And that isthe way you get charged reﬂects how a company intends to maintain a relationship with you. If they charge you everything upfront, then they sold you something with a low probability of receiving a return on your investment. This means that the seminar will lack the necessary knowledge and ultimately provide a high likelihood of making you fail in the process. Therefore, the feeling of scam, leads us towards a desire to place blame elsewhere, which translates into, ‘trading doesn’t work.’
However, if they charge you monthly, then they likely have a product that depends on you being satisﬁed with it. A product that relies on you sticking around for the next insight in helping you trade and achieve ﬁnancial freedom. In the world of trading, educators that charge you monthly are generally more supportive and more concerned about you being successful, because if you’re not, they’ll stop making money. It’s in their interest for you to grow, become more educated, and to be a better trader. It’s a win-win opportunity for both traders and educators.
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