Definition of Snake Oil Salesman
What is a "snake oil salesman"? What is the definition of the term "snake oil salesman"?
A "snake oil salesman" is somebody that sells an item that claims to have some miraculous powers. This product is usually accompanied by a tremendous amount of hype. In an attempt to help push their products, the "snake oil salesman" will usually utilize planted accomplices who will claim that the product actually works.

If you are involved in the stock market in any way, then you have likely heard the term "snake oil salesman". This term is given to people who are selling products (newsletters, memberships to chat rooms, etc) that are determined to be of a questionable quality. Such products are usually accompanied by outlandish performance claims and over-the-top (and usually phony) testimonials.
The term "snake oil salesman" refers to a person that is pushing a product that is deemed to be overhyped at best, and fraudulent at worst.
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