| Have you seen an offer for stocks and shares | | | | Worse again, you may find that you have been |
| trading software that seems to be too good to be | | | | steered to use a 'recommended' broker, who of |
| true? Chances are you're absolutely right! | | | | course benefits from each buy or sell order you |
| Like most promotions that promise the easy life, with | | | | might make in the form of the brokerage you must |
| you sitting back after an hour or so at work in | | | | pay. What's that you say? The broker and the |
| yourpyjamas while the dollars come rolling in, it's | | | | promoter are related businesses or are jointly |
| probably another scam. Share trading scams are | | | | promoting the software? Now there's a surprise! |
| more common now that so many of us have | | | | There are a few variations on the theme such as |
| internet access though many variations have existed | | | | software for gambling on the outcome of horse |
| prior to the internet. One of the more modern | | | | races. The software produces a recommended |
| versions would have you spend up big on a special | | | | betting strategy based on all the horses recent form. |
| software package that analyzes stock market data. | | | | Save yourself the cash and all that data input and |
| This data is either input by you from a newspaper or | | | | just go see what your newspaper says instead. |
| is input by the promoter after you connect to their | | | | Newspaper tipsters work with the same historical |
| system, the software then analyzes that data and | | | | data and are at least as accurate! |
| makes recommendations on which buy or sell trades | | | | As with all work in your pyjamas type scams, the |
| to make for the day. | | | | usual warning signs should set the alarm bells ringing in |
| Often this expensive software package turns out to | | | | your head. Does it sound too good to be true? Are |
| be little more than a dressed up spreadsheet, which | | | | there lots of glowing testimonials from happy |
| you could probably have put together yourself. | | | | customers, none of whom can actually be identified |
| Worse, after using the package for a while it dawns | | | | and contacted? |
| on you that you would need to make many | | | | Stop and think - what are you being charged for |
| thousands of trades, have very deep pockets and | | | | software or access to a system? What are the |
| also a whole heap of luck in order to make the sort | | | | ongoing costs after you opt in? Why is the promoter |
| of returns the promoter sold you on. Remember that | | | | selling this excellent package? Shouldn't he be lying |
| stock market trading patterns of the past, while | | | | back on a beach somewhere instead of spending his |
| often a useful guide, are in no way a prediction of | | | | time marketing? |
| future market movements! | | | | As always, buyer beware! |