The retail trading market is flooded with expensive bots and signal services that prey on disillusioned traders who've already lost money elsewhere. The speakers argue the industry needs a complete reset to clear out the low-quality products that dominate sales.
What the industry needs, it's a cleanup, like a big bang. Very big market. A big chunk of the trading retail wanting to learn how to trade market is newbies. They don't know shit about trading. That's why they're trying to learn. And there's a big chunk which have already been disillusioned, you know, and now they know the shit. Which part do you think has more sales volume? Let's say the disillusioned one.
Yeah, right. Yes, because if you think about how many ways you have to get in touch with the trading industry, like the call center that is calling you, in Amazon, you would get rich really fast. The trading bot, the trading bot, it's a huge industry. Huge. I saw the marketplace of MetaTrader and I was astonished by the amount of sales they do for bots that are costing maybe $10,000 each and are like martingale systems, but people buy them. Then the signal service, how much big is the signal service? I think the disillusioned one, it's way bigger than the new traders that approach. So I think What the industry needs, it's a cleanup, like a big bang, and starting again from zero.
