OK, I don’t watch this guy’s stuff all the time but he seems smart and he shines light on bullshit. This video is about a youtuber Cody “Whistlin’ Diesel” allegedly day trading with some guy named Alex. As you can imagine, Alex is selling a scam.
FOREX is no joke and there is apparently an entire industry of people scamming financial newbies with prop accounts. That’s terrifying. If you’re thinking about your money and want to make some quick, please avoid this bullshit.
The golden rule of money making tips: if this was a successful way to make money, why are they selling it to you instead of just using it to make money?
The two most likely answers:
Why are they introducing competition to their scheme? Why did they waste time building a sales deck and presentation when they could have been making money? If selling you money making tips is more profitable, how much money is there to be made?
This was my turning point on scams ala
Robert kiasakiKiyosaki and Rich dad Poor dad paid conventions. If you’re making so much money doing it, why the fuck are you creating competition for yourself!That’s why I’ve been an MMM devotee for years. He isn’t trying to make money off of you. He’s just trying to brainwash you into riding a bicycle.
Yes, a hundred times this. People are always inventing new bullshit to scam the people who are just coming up and haven’t been taught lessons like this. Making a $500 mistake is really nothing in the grand scheme but when I watched this video I realized people could be on the hook for $10k or $150k or even $300k if their credit was good enough.