Wickwise The course Glossary

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Ponzi scheme

An investment fraud that pays existing investors with money collected from new investors, and collapses when new money stops.

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Risk warning. Wickwise is free education only — nothing here is financial advice or a recommendation to buy or sell. Trading and investing involve risk: you can lose some or all of the money you invest. Leveraged products such as CFDs, futures and options carry a particularly high risk of fast losses; depending on the product, losses can even exceed the money you paid in.