For those who wish to learn how to invest and make a profit, it is necessary to learn this craft. Most people look for suitable information on the internet and often come across course and training offers where they are taught to invest wisely and profitably. In the end, it turns out that such investments are fraudulent.
Fraud in Investment Training
By creating courses, fraudsters aim to extract payment but do not provide useful information or throw in quickly downloaded information from the internet. When teaching investments, fraudsters offer detailed explanations in the investment process:
- about methods of buying and selling cryptocurrency;
- trading on the stock exchange;
- working on investment platforms.
Scams in Trainings
Often, trainings advertised on the internet are scams. Most fraudsters have:
- a lack of knowledge on the subject;
- a lack of licenses;
- a lack of clearly developed requirements for conducting educational training.
Having the gift of persuasion and gaining knowledge from the internet, reading investment sites, watching psychological videos, and understanding a bit about training issues, a fraudster opens their courses. They create enticing advertisements, sending them across various resources, attracting future students and promising them quick earning knowledge.
Fake Investment Courses
Inviting to investment courses, fraudsters present themselves as professionals working in this market for many years. They talk about having earned a lot of money and developed clear algorithms they want to share with others. Meanwhile, they organize fake courses and charge for them, arguing that the course is very effective and a lot of time was spent on it, and they could offer it for free, but their effort is valuable.
Fraudsters have a superficial understanding of these topics and aim to collect money for the courses. Before responding to such investment courses, it is necessary to gather information about their creators and search for reviews online.
Financial Education Scams
Advertising videos on the internet, where against the backdrop of the sea or palm trees, they talk about the benefits of financial education through short courses, about the opportunity to achieve similar success. Posing as an expert, the fraudster offers a unique course or training to achieve such opportunities. Often, the fraudster only has superficial knowledge about:
- financial investments;
- deposits;
- cryptocurrencies;
- investment exchanges.
Having learned professional terminology, they sprinkle smart phrases, misleading potential students.
Paid Webinar Scams
Offering paid webinars, fraudsters lure victims with:
- attractive promises;
- fake links with payment for the webinar at a reduced price.
Creating an advertisement with an invitation to the webinar, they promise easy and quick earnings on investment platforms, claiming you will become an expert, although this is not true at all. Fraudsters offer discounts and invite you to a free lesson, where they only tell superficial information.
To understand the intricacies of working with financial platforms, they offer to pay for subsequent webinars, convincing the victim of the necessity of such courses.
Coaching Scams
The easiest way to scam is coaching, many fraudsters use this method of deception, as diplomas and degrees are not required for coaches. Such individuals pose as psychologists who offer to participate in courses:
- to boost self-esteem;
- to believe in one’s abilities;
- to learn to manage one's life;
- to develop strategic thinking;
- to discover leadership abilities;
- to easily solve complex situations;
- to open new opportunities;
- to climb the career ladder;
- to overcome internal discomfort.
In most of the listed topics, it is enough to possess good psychological persuasion methods to attract students. In the end, it turns out that the student did not acquire specific skills, and the fraudster made good money.
Fake Investment Gurus
Fraudsters convince you to participate in their scheme for making money on investments, posing as gurus and professionals. They provide fake reports, testimonials from satisfied students who thank them for the training and claim that with this specialist's help, they now earn good money without leaving home.
This information affects users, and they decide to learn from such a specialist, who is only capable of throwing dust in the eyes of completely inexperienced novice investors
Fully trusting such people is not worth it; it is necessary to:
- check their education;
- ask to present a diploma and a license for training;
- private entrepreneur account.
How Not to Fall for Fraudulent Courses
When choosing courses, it is necessary to pay attention to some nuances:
- it is necessary to study the teacher themselves;
- find out how many years they have been working in this field;
- what issues they dealt with before;
- look for information about this person's achievements, if the online course teacher has been working for more than one year;
- do they have practical skills and can they demonstrate them;
- have the ability to impart knowledge and inspire trust with their knowledge.
Such a teacher should definitely be considered when choosing.