Why Trading Is a Scam Explained in One Minute
Whether you call it trading, day trading or by any other name... it's a scam, plain and simple.
I have launched the NeverTrade.org non-profit initiative to make one thing and one thing only crystal clear: investing is great, trading is a scam.
Not only is it a scam but it is in my view the number one mental health risk of our generation when it comes to the financial dimension of life, with potential consequences which will unfortunately make 1929 seem like a walk in the park.
Lives are being ruined as we speak due to retail trading being such a poorly understood phenomenon and what we are seeing in the present is but the tip of the proverbial iceberg. Once the economy turns sour and an event similar to the Great Recession manifests itself, overly-exposed retail traders from all corners of the world and their families will pay the price.
Is there still time?
Yes.
Which is why I have dedicated so much time to thinking about how NeverTrade.org can be promoted. If you appreciate One Minute Economics and the work I have done here over the years, your help with respect to spreading the word would be greatly appreciated. To get in touch, no matter what it is you have in mind, send an email to [email protected] and I will get back to you as soon as possible!
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