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(S+) Trader Boys: How To Get Rich Online (Or Not)

2022-09-15T04:09:50.629Z


They're on Instagram and TikTok, they're in high spirits, they brag about their lifestyle and sell investment strategies: self-proclaimed investment gurus attract young people. And then?


We can all do it: get rich without regular work, just with a few hours of gambling on the financial markets.

At least that's the promise made by self-proclaimed investment gurus.

They advertise online courses and exclusive chat groups, access is chargeable.

They lure young people in particular, with glossy photos on Instagram and motivational videos on TikTok.

When they are not flaunting their alleged wealth, luxury cars, watches, trips to the sun - then the gurus post tables and graphs that are intended to document adventurous price gains.

Allegedly 40 percent profit, with a quick deal, processed in just one day: That's not uncommon in this scene - that's the rule.

This episode is about that scene.

We talk to a trainer who wants to instill the right winning mindset in his students, and with the journalist Mitsuo Iwamoto we examine a scam that, strictly speaking, is not a Ponzi scheme, but has a similar structure.

In the end, only some people actually get rich.

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Source: spiegel

All life articles on 2022-09-15

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