Has anyone heard of Wize trade?

Question

Last night on T.V. I saw something on "Wize trade" where you can make a lot of money on the stock market by using this program which has red and green "lights" on it. Pick those items that are green on the market and avoid those things which are red. Does this work?

Answer 1

Let me see if I get this right.

Someone is selling a system to hundreds and thousands of consumers so they can watch various stocks and buy on a green light and sell on a red light. All of these consumers are using the same system. They are competing against professional traders who have done so for years.

And these consumers are suppose to make money from this system?

I know who is making money on this.

A fool and his money were lucky to get together in the first place.

Answer 2

Nobody who had a system that worked would ever ever ever sell it to the public. Ever.

and

this is being sold to the public

so

logic tells me this system does not work

Answer 3

If only it was that simple. sigh.