The scammers invested the training to become a trader. They offer ready-made training kits with nice promises of future profits. With the complicity of social media influencers, companies are even encouraging young people to drop out of school to become traders.
After the Online Trading Academy was fined this summer for fraudulent trading practices, the United States just called to order another of the top trading training companies: 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.