Trading Software Warning

A particular nasty trading software scam is when a vendor sells you a software package (usually expensive) that will automatically sign you up with a recommended broker.

What the software vendor has not told you is that he gets a 1% commission on all the trades you make.

Hence the more buy and sell signals the software throws up, the more money the vendor makes.

Pretty soon you have lost all your money and the vendor has made a very nice profit.

You must be on the alert whenever any trading program, seminar or course recommends a broker. Some training programs are actually created for the sole purpose of sucking you into a particular broker.
Those trading programs/courses are created either by the particular broker or an introducing broker company.

The introducing broker company is the one who gets the 1% of each trade you make. Therefore it would obviously would be a good ploy to create a trading course/program/seminar just for the purpose of recommending their favourite broker.