The fraudsters invested the educations to become a trader. They offer turnkey training kits with smart promises of future profits. With the help of social media, companies are even encouraging young people to drop out of school to become traders.
After the Online Trading Academy was fined this summer for its fraudulent trading practices, the US has just called to order another major trading training company: RagingBull. The company has caused its clients to lose $137 million in 3 years due to questionable advice from its gurus and its trading system. In theory, however, it was enough to follow their “signals” to buy or sell assets (stocks, derivatives, etc.) to become a millionaire.