Obviously a lot og people are buying them. Otherways the scammers would have been out of business.
There will always be a market since new lazybutts are entering the market each day. They want to get rich quick without doing the work, and believe that there are someone out there that are actually going to sell them «the holy grail».
Just on the principle of Hanlon's Razor, describing new traders as "lazybutts" is most likely to be false as well as unnecessarily unkind. Many of them have been lured into trading by all sorts of wild promises in the first place... it's not like they know any better. Ignorant to the point of not even knowing what questions to ask in order to learn, I'll grant you - but I suspect that most of us started out that way. And for those of us who became successful, chance are very high that somewhere along the way, some more experienced, wiser traders clued us in... possibly with an eye-roll or ten at our ignorance, and maybe with some gruffness and exasperation, but they gave us the straight story instead of just sneering.
I came pretty close to buying into a (very expensive) trading school right at the very start, but hit the "abort" button just a few days into it - my natural cynicism started ringing all sorts of alarm bells. Did my own research - now that I knew what general direction to look in - put in a
tremendous amount of time, effort, and skull sweat, and have managed to sustain significant positive returns from day one. In fact, I just recently passed a benchmark that I had set, and bought myself a very nice trading server to celebrate.
But overall, I don't believe that there's any utility for a new trader in buying into any guru's promises; not only is there a tremendous number of scammers out there, but they also have no means of judging a good system vs. a bad one (no way to determine how good their learning ability, mental capacity, emotional control, execution, etc. are), and - I would guess - there's a very, very low chance of them running into someone who actually does have something useful to teach them. Especially for the tiny amounts they're likely to be willing to risk. Seems like a losing game from every perspective.
