How Can I Distinguish Between Scams and Reputable Vendors?

This is a discussion on How Can I Distinguish Between Scams and Reputable Vendors? within the New to Trade2Win forums, part of the Reception category; Originally Posted by Tyger Beware snake oil. There are thousands of websites and companies offering trading systems with seemingly fantastic ...

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Old Aug 9, 2015, 3:44pm   #25
Joined Oct 2014
Quote:
Originally Posted by Tyger View Post
Beware snake oil.

There are thousands of websites and companies offering trading systems with seemingly fantastic profit opportunities. None of these are real. For two reasons:

1). If you discovered how to make geese lay golden eggs, would you really tell anyone?

2). The market is, in mathematical terms, a Complex Adaptive System (CAS) (see Wiki) which means that if anyone starts making excessive profits then the market will adapt. In a nutshell, if you find that buying IBM at the open consistently makes profit, then before long the people from whom you bought the shares will stop selling them to you because they consistently make a loss.
Genius!
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