Is Forex & Crypto Education Worth The Cost? The One Question You Must Ask!

Who can you trust to provide you education and trading bots to increase your net worth through forex or crypto education or trading bots?

Whereas there are some legit educators who have earned a solid income and increased their net worth from trading in the forex and crypto niches, the reality is most DO NOT use their own money, or any money at all.

In many cases educators use simulation trading accounts mirroring real trades and then showing the novice investors what looks like Real Live Trades! They do not use their money at all. And whereas I am a fan of folks coaching others, when it comes to investments, there needs to be some skin in the game.

Some educators will go as far as promoting "patented strategies" then in reality there is no patent, and they may not have even applied for a patent.

Trading strategies are crafted based on mathematical equations and historical track records. This fact in and of itself, makes getting a patent very hard to achieve, and can take years to prove out.

In the case of Online Trading Academy, the FTC alleged OTA misrepresented their "patented strategies" misleading clients of their firm.

The FTC latter won a settlement against Online Trading Academy for false income claims and their students success.

As you begin your journey into investing or trading in the forex and crypto financial niche, take your time to earn all you can before risking any of your hard earned money. Don't fall for the FOMO (Fear of missing out) propaganda and lose all you have. You must become a student of the niche before you risk anything.

What to watch out for:

1. Traders who ask for access to your investment accounts.
2. Traders who never talk about the losses they have experienced.
3. Traders who talk about POOLING investor funds.
4. Locking up your funds for any specific amount of time.

Always go to a reputable broker, and take your time to do deep due diligence when it comes to your educator/trader. In closing, most top-tier brokers offer their clients education in each investment category.

One last thought... Whereas there are some companies who offer an affiliate model for you to bring them, additional students or clients. Please take heed and be careful if you join one of these companies. This takes extra due diligence to determine if the income claims have to do with investing, building organizational sales or a combo of both.

#MainStreetBusiness #ForexEducation #CryptoEducation #TroyDooly #MainStreetEntreprenuers

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