Beware the Instatraders!

London Investment Week Newsletter23rd August 2021 | #273Dear Simom,
Beware of the Instatraders!
Earlier this month I had the misfortune of catching the last 20 minutes of a BBC Three documentary entitled ‘Instatraders’.
The journalist was exploring the growing number of forex education companies that are recruiting clients though slick instragram and TikTok posts.
Not only did all the educational content on offer seem decidedly ‘iffy’ to say the least, but it appeared (from numerous testimonials from ex-customers) that the real business was multi-level marketing and before they knew it, clients were encouraged to bring in family and friends, in return for a commission.
Is this news? Sadly not. It’s been going on for years, and one of the reasons I’ve tried to help traders to meet a better standard of educator/service provider through our Round the Clock Trader Network.
But what did surprise me was the age of the typical customer – early to mid-twenties at the most!
Surely these young people will find it hard to trust the financial markets again having been taken in at such an early age.
With all the regulation we must put up with these days, it still seems the most questionable companies still pervade social media platforms 24 hours a day and use any number osf so called ‘influencers’ to part youngsters from their money.
I’d be interested to hear your comments – you can watch the BBC Three documentary on iPlayer here – https://www.bbc.co.uk/programmes/p09pym51
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New dates for webinar with FinecoBank
I’m delighted to announce a sew series of webinars starting in September, presented by Adam Harris (and moderated live with yours truly) we’ll be focussing on Price Action and Technical Analysis, as well as Adam’s usual added value tips for trading in the right mindset and timeframes.
Here are the dates for your calendar:
16 September 2021Price Action – Part 1. Essential Technical Analysis Tips for Trading
21 September 2021Price Action – Part 2. Trading Tactics Pro Day Traders Use Everyday
28 September 2021Price Action – Part 3. How to Build In Smart Risk Control to your Trading Routine
06 October 2021Price Action – Part 4. How to Implement a Positive Trading Mind-set to Achieve Consistency
Register for the webinars using this link: https://finecobank.co.uk/public/live-events/webinar/#!

Have a great week!
Simon CampbellUpcoming EventsJoin our upcoming webinarsReplay of the WeekAdam Harris on day trading mind set and psychology.IX Investor Show NewsLatest news about the show10 Ways to Invest Smarter if You Have £500kAre you avoiding these costly investment blunders? For those with a £250,000 portfolio, get this guide and ongoing insights.Learn More.Upcoming EventsTrading Workshop WebinarWednesday, 25th August @7pm BSTLEARN OUR 3-STEP STRATEGY FORA POTENTIAL 4-FIGURE MONTHLY HOME TRADING INCOMERegister nowOur famous multi-trader education event returns with a twist!Replay of the WeekRTCT Summer School ReplaysAdam Harris took part in our July RTCT Summer School for traders and discussed his best hacks for getting into a positiver mindset for the markets.
Click hereIX Investor Show NewsCurrently we are accepting bookings from exhibitors, presenters and delegates for our IX Investor Show on Friday, 26th November at London Heathrow.
It’s set to be a fantastic day full of top class speakers! I’ll be publishing the schedules soon at the website www.ixinvestorshow.com.
If you would like to reserve a booth for your campany, or discuss speaking opportuinities, please download the exhibitor brochure at www.ixinvestorshow.com.
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