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Subject:  3 Reasons Why Financial Education Is Important Date:  5/12/2019  1:26 PM
Author:  johnnypip Number:  68 of 601

Basic training in financial literacy has become a much-discussed topic since the financial crisis. Even if the financial crisis dates back for more than ten years.

The population's understanding of financial and general economic matters is not necessarily related to the level of education.

And contrary to what is often assumed, the corresponding gaps in education are not only to be found in lower income groups with supposedly low levels of education.

Limited competence in monetary and financial matters is a widespread phenomenon and can undoubtedly be seen as a socio-political problem.

The Financial Industry

The financial industry itself is also not immune to corresponding gaps in knowledge and training. This is not surprising either.

In many cases, even a simple basic training in money and finance would contribute to the development of a good feeling for what is possible or not possible in these markets and how and where potential dangers can be located.

Therefore, improved education of broad sections of the population in monetary and financial matters is not only a necessary condition for the regaining of a credible financial sector but also a social-political subject.

Speculative Investing

The same also applies, incidentally, to speculative investments. Or perhaps not only, but more notably. Anyone who, for example, wants to deal with speculative investment strategies such as day trading and is looking for appropriate day trading education will quickly reach his limits.
Because of the range of trading courses on offer the choices seem almost endless. It is not so easy to differentiate the good from the low-value trading courses. During my research, I stumbled across dozens of sites (provider + review sites). In over 95% of all cases, those sites concentrated more on marketing to generate sales.

So it is not surprising that in most cases almost every financial product and every trading course is explicitly advertised as a super, outstanding or pure bargain.

But this is not the case. As the website daytradingz has researched, there is only one provider in the area of financial education for day traders who, for example, also makes its account statements publicly accessible.

On the other hand, this also means that hundreds of providers claim to have found the right way to speculative investments, but on the other hand, are not willing to disclose their success. E.g., by providing account statements to the public.

Thus the justified question remains, whether all providers in the Trading Education business actually day trade successfully.

While of course this question cannot be answered directly with yes or no, I agree with the opinion that it will be more valuable to follow a trading educator who publishes his account statements.

On daytradingz a very Warrior Trading review was published: This one is the most honest one that I have seen so far. What I particularly like about it is the fact that all this is done entirely without banner ads or affiliate links.

It's clear to see that the focus here is on detailed research and beneficial background information for the reader and investor.

The area of speculative investments arouses more desires than long-term investments. And so it is not surprising that marketing is very offensive here.

Let's Get Back to Long Term Investments

Sometime we will recognize that a minimum at basic knowledge belongs in economics and general financial questions are essential. The industry will keep telling us that everything is fine. But we are responsible for looking behind the curtain.

Until we are ready, the economy and especially the financial industry should try to fill the apparent gaps.

Besides, we are all called upon to always walk through life with our eyes open. We need to make sure to not believing everything that advertising promises us.
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