4 Signs Your Trading Seminar Is a Scam

Signing up for a trading seminar can provide you with a great deal of valuable information in your stock trading career. However, in some cases, a stock trading seminar is nothing more than a scam. Here are a few signs that your trading seminar is a scam.

1. Teacher with a Poor Reputation

One of the first things that you should look at is who is teaching the course. The value of a trading seminar lies in the experience and knowledge of the teacher. In many cases, scam artists are well-known in the stock trading industry, and you should become aware of who the major players are. Before signing up for any trading seminar, you should find out who is teaching it and then do some research about that individual. Look at some of the reviews about this person from other people who have attended his or her courses in the past. If you are dealing with a scam, you will most likely find a number of negative reviews online.

2. Selling Bigger Product

Another way that you can tell if your trading seminar is a scam is if you are being sold a larger product. Many times, a trading seminar is just an excuse to try to sell you an expensive training package or trading system. These systems can cost thousands of dollars, and sellers of these products know that individuals who would attend a trading seminar are part of their target market. If you feel as if the entire seminar is nothing more than a commercial for a particular product, there is a good chance that you are dealing with a scam.

3. Unbelievable Incentives

Sometimes, seminars will be held at a conference center, and mass mailings will go out to attract individuals to come to the seminar. Many times, these mailings will promise unbelievable incentives to everyone that attends. For example, they might say that you can get a free laptop computer or some other piece of electronics. You might even get a free vacation just for attending. If the individual who is putting on a seminar has to bribe you to come, there is a very good chance that it is a scam. He or she is simply going to try to sell you something, and you should most likely stay away from it. 

4. Fluff

When you are sitting in a seminar and the majority of the information that you are receiving seems like fluff, there is a high likelihood that you are dealing with a scam. In most cases, scam artists have a general knowledge of the stock market but do not delve into specific material. If the material that you are learning at the seminar seems like rehashed material that you already know, you should most likely leave the seminar. While every seminar will start out with the basics, valuable seminars will delve into specifics early on and stay there for the majority of the course. 

blog comments powered by Disqus
Scottrade