Reblog: 20 Traps All Traders And Investors Must Avoid
Because financial matters are rarely covered during high school, many people don’t understand the stock market or how to invest their money properly.
This means that they are more vulnerable to investment scams. With the growth of the internet, and the current frothy state of global markets, these investment scams are unfortunately all too common.
So here are a list of 20 common traps that all traders and investors need to be aware of:
1) Ponzi Schemes
Ponzi schemes involve a cycle of using new investors money to fund the returns of existing investors.