Bitcoin Forum

"Please be careful with traders who run private groups, do phone consultations, and sell courses.

Most successful traders are too busy trading, they don't have time to teach.

It would be a distraction."

Saw this tweet just now.

Worth to share to those trading newbies who wants to rely on paid advisors.

Will not go deeper. Hope you got the picture.

(P.S. Credits goes to @BTC_M****. Decided not share the source link as I don't want to promote his Twitter account as owner's other tweets might influence newbies perspectives. But it's quiet easy to search.)

I've seen a lot of people shilling on twitter about their paid private group in 2017 prior to the bull run. A lot of them fizzled out when the bear market hit last year.

Before subscribing to them, consider that they're not really earning much from trading that's why they're selling something else.

Some of the "paid groups" hosters were convicted of dubious business last year, and not without reason. The only one who benefits from such groups is the hoster himself.

Works in principle like this:
You pick out coins that you can advertise as an "insider tip" and buy yourself just so much coins that the price does not shoot up. You wait a few days and start promoting this coin as an insider tip. Group members start to buy this coin, too and the price increases. You sell with great profit and start the game from scratch.
Of course, this scheme also works for "personal investment tips" by phone or mail, but there it is usually about much higher sums.

I also saw that tweet in twitter. It was shared on our group on messenger. I agree on the phrase "Successful traders don't have time to teach." It's quite true and those private groups, pump and dump groups or paid signal groups are just getting your money. Best not to engaged with these.

Also they would not share useful tricks and strategies, since at a later point you'd be competing against them.

Very well said.

That's why I don't like to join those private or pump-and-dump groups because it's just a waste of money. You should learn to trade your self and get your hands dirty.

So I definitely agree and I also believed that successful traders doesn't want to share their trade secrets otherwise their profits will be affected. So for newbies, stay away from those kind of groups.

I'm not a type of person who relies on other opinions in my trading activity, I do not even believe that there is an expert who is willing to sell/share/teach newbies about their trading strategies.
I have to agree that the tweet is a must to be shared anywhere so it will educate newbies who are looking for trading signals/experts/advisors for their trading.

The only thing these "motivational traders" (That's the way I like to call them) do very well is the eye they set on their charge fees. Nothing else. They hardly give out nice trade calls. I have monitored quite a good number of them. But then, Newbies may not know all these once they see screenshots of doctored accounts showing success rates.

Just the same way i advertise for new companies back then just for the referrer bonus and ends up dragging innocent investors to the mud, I have noticed a lot of people conversing online about their paid private group with reference to bull rise, fizzled out when the bear market hit.

look before you leap. It's just my candid advice.

Most people who claimed they are guru in crypto currency trading that usually advertise themselves as experts asking people to pay for their trading services in mostbcases I refer to them as speculators who cannot practice what they preach in crypto currency trading.

I dont know why a newbie we think joining a certain group is the best way to learn trading while they can easily do that through acouple of Youtube video. However, you're lucky you don't join the scam one because the group are mainly two type(the pump/dump and scam group).
The group are also on discord either.

Actually selling trading signals and trading advice is a common practice among professional traders.
I admit though, it becomes really hard for a newbie to distinguish between the good apples from the bad ones. Which is why it is all the more important to get advice from someone experienced about the do's and don'ts. It is often the ones who do not do this, that lose the most money.

Totally agree with what he said. Unfortunately, there are still people who believe on paid trading signals groups/courses, being swayed by fake results, offers, and promises. They'll just figure out later on that it's not always right and it doesn't guarantee profit.

For those who are still interested in joining paid trading groups: instead of paying in such group, I highly suggest that you use your crypto to buy a coin/token that you think is okay and trade. You will experience both gains and losses, but it will help you develop techniques and strategies on the way

They are absolutely be looking for a victim and its so sadd that there are some people have fall into their hands(mostly newbie).
Their thinking that it could help them better that to keep in reading, searching. But they are wrong of what they'll do, it is just a some kind of trick and it causes them to loss after.  

Theres a lot of trading signal group in the telegram and discord this is common but I dont trust any signal group its better to learn in your self rather joining or trusting this kind of group. OP is right regarding those people who make money by this kind of group dont be a victim just make your own research to learn trading.

this is the reason why i only trust myself when it comes to trading.
sure you can join in those groups, free or paid. but who really benefit from those groups? more then likely the owners of those channels .  ::) ::)
claiming to be a guru of crypto trading without portfolio to show is equivalent to a fraudulent individual to me. so up to the user if he still want to follow such person...

Twitter nowadays runs like Bitcointalk too. You might see or think that they have a lot of followers, there are interactions from another users saying that he is good and he is correct and how accurate his forecast was on this and on that but who knows if he is just talking to himself and just waiting for a newbie to take a bite and subscribe to what he is selling or promoting.

I totally agree with this point, because it is incomprehensible to me that someone boasts of his alleged advanced knowledge as a trader and can not fully live on its benefits, but still have to sell courses and conferences to make a living. If a person with as little capital as I had the ability to live comfortably in trading for years, I do not see why these so-called masters can not do the same.

Doesn't surprise me, and you're right on the second part, IMO.  If you're a trader with a successful strategy, it would seem to me that you would make a hell of a lot more actually carrying out that strategy than teaching it--and also if enough people adopt it, the opportunity would disappear.  Sort of like arbitrage.

I'd stay away from paid trading lessons, but that's just my opinion and I don't have a lot of knowledge about them, just a healthy dose of skepticism.  In a market like this, buy-and-hold works just fine.  It's simple and should work for a while at least.  No need for taking a class, nobody to pay, no endless staring at a computer screen hoping you're going to come out ahead.

I agree with this, I ever joined the paid channel of the group and I end up losing money and the group admin run away, in the end we only can rely on ourselves to trades, so be careful if you want to join this kind of channel, the result may be not as wonderful as it sound

The only way you're ever going to come up with a truly fruitful strategy in trading is by yourself in the end. No sane person would sell or give away a solid, working strategy for cheap when that person can make the strategy work for him/herself. This is where there's both luck and skill involved- it might take you months to make a good working strategy, but when it works you'll be reaping the rewards. In the meantime, learning more about trading and experimenting with potentially good strategies should keep you occupied. There are no shortcuts in life, and trading's no exception.

I'd like to hear from you about what i have found out.
In our place they open a company who will accept investments which they guaranteed 400% interest for 1 month. I have found out that they do crypto trading. Is this usual to identify them as a scam?

In my experience yes, because those who promise a 400% return in just a short period of time is totally too good to be true so be careful. OP it looks like a signal group where they encourage newbies to join with them and scam them later on, phone calls is very rare form of scam. If you want to help newbies on trading or anyone then try not to ask for money or teach them how to use indicators and not how to listen to your signal.

That is the best thing here don't rely on others work or waiting for others prediction just having dump and dump strategy, you can work by your own having a serious searching which better coins to pick by your own and to improve your fundamental skills in trading. The most get profited is the founder of pump and dump group which give a delay signal that might you become lost profit. However, if you are having good skills in trading you can use that kind of people as a reference only.

It's called HYIP/Ponzi scheme so definitely it is a scam. Don't even bother to put even a penny otherwise you will just lose everything in the end.

Yes, I think that successful traders do their hard work and lots of ups and downs in their trading career so it doesn't makes any sense to just offer them to others to make profits. Maybe we can call them selfish, but we can't blame them because they have sort of 'perfected' their trading skills and will not bother to spill out their secret success.

If they are THAT good to get 400% return with any investment they wont sell their strategy and simply get painfull rich in no time. So yes, definitly a scam attempt were you will definitly lose your money.

An HYIP system where attracting investors to continue the cycle of their business, afterwards when no one believes them they will easily to have an exit strategy and scam most of those investors who participated with this scheme, it's always best to do your own research and study the business, never entrust your money to anyone, it's your obligation to take care of your investment.

Moving back to this thread, we really need to take a bunch of care joining or following those traders who shared their ways of trading, this business is not an easy access to richness, you have to increase your confidence making your own assessment and calling your position, a long learning process that's full of struggles, trust yourself and that's your capital.

Thank you dude, for this warning at first and yes i am completely agree with you.
The people you refereed above are known as scammers, i mean they literally scam people for just a small amount of money.
I also want to warn everyone reading this , that dont fall into this ponzi schemes.
It's your money so which where you want to invest and yield the profit.
And i am sure you gonna make a huge profit.

There are many private paid signal groups, they have got free and paid version. Some of them have got very high monthly subscription. I haven't heard that many people have benefited from these groups. I have joined one of them, but the signals they provide are not up to date.

I don't think they have the time to teach other beginners out there since they are busy trading. One more, if I'm a successful trader I will not share all of my knowledge to a beginner because there will be a time that he will compete with me and worse he will be better than me.

I'm not active on twitter so I don't see the tweet :D but I agree with what you said. "Most successful traders are too busy trading, they don't have time to teach. "

That is the truth!  Were do we have time to began to do consultant as traders.  If you do want to be an expert there is a lot of things you are to learn and you really need to developed yourself . Many people claim to be an expert are not even traders.

It is just a ponzi scheme, a few people that I known came to my house offering their marketing plan.  Worse, they used the name of Bitcoin in it.  They were so excited about sharing the opportunity they found, they even calculate my earnings of $100K in just a year for a $1k investment.  I just keep quiet and rejected their offer.  There is no need to argue because I feel they were engulfed by the greed triggered by that investment scam.

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I agree with OP, traders won't bother teaching people unless they get more on it than trading on the market.  I always suspect that those who pretend to be a trading guru and ask for payment are losers in trading.  If they were successful then there is no need for them to get paid while sharing their knowledge. 

Like I wrote before the only one who benefits is the admin of the group and maybe members of the paid group if there are enough idiots in the free group who follow the "insider tips" of the admin.
Its no surprise that even the SEC is after such groups!

The moment an "investment" company says "guaranteed", that's already a huge red flag. They'll probably show you some success stories as a proof of their legitimacy and entice you to invest as well but don't ever fall for it.

A lot of these groups exist because the leader wants to offload his coins. So the convinces people to buy when he is quietly selling. Once he's done, the group fizzles out. It's one of the oldest tricks in the books, but people still fall for it.

Yes it always happened because every experience status has list time to teach some tricks and tips involved in this so we do not blame them for this we need to give the better effort to learn something new this is the proper way to learn by the help of experience people.

It makes sense. But still,there are already veterans in trading who had still time teaching some courses. Or they are the type of traders who are not a day trader. Instead, they are hence a margin trader who can still do some works  at the same time for the sake of money.
However, they wouldn't be sharing their secrets without a guarantee that they will get something in return. I also think that there give limits on what to teach to a particular trader or not.

They are tricky because they can try to manipulate member to buy something that consider as uptrend currency.
Just like my local people doing while trading on stock and apperantly, it works !

So yeah, we must aware for ourself to keep/ control your step in the future

I do not know about having fruitful strategy, some people can still be profitable by following someone else and other strategies. But you are right, the only way you can ever gain something useful is from trading on your own,,, testing your own strategies,,, making your own plans. Own you own successes as you own your own mistakes.

And also we can add one more point is no one will share their winning strategy to anyone so if someone selling that means they just want to make money from nothing,if they have skills they can make it by themselves.

I know some private groups in stock market who teach newbies or even those who wanted to suceed in trading but with the right amount of membership fee per month. I dont know if this thing also works with cryptocurrency since the members are really successful in stock market. I guess crypto market is impossible to predict so we shouldnt believe in this kinds of organizations/influenzers.

Your true friends can give you the winning strategies without asking for any payment, so if someone ask you to pay i believe you can’t trust that guy. Trading is not easy to learn but if you want to become a trader you have to do everything so you don’t need to depend to any advice and you will never become a victim of this scam.

Don't step forward on the trading field if you don't have enough knowledge of how it works and if you only rely on your friends or who they are. Do your own research so that you can manage your own risk to avoid blaming others. Instead of relying upon them you can be used as your references on trading. I can tell you this because in trading you need to have work by your own because that was money involve and maybe it will lose if your you are irresponsible of doing trading.

Some great advice on this thread. The first fundamental caveat for any trading strategy is that "If it's for sale, it's not good enough."

Every good trader understands that a trading edge can disappear very fast if it's distributed to and employed by a large amount of people.

Guarantee of 400% interest in this bear market? I don’t think so, you really need to be careful, and what strategy would they really use that they cannot use to focus on trading alone with their own personal money since the trade is so smooth and easy.

I am not advising that you don’t try them, because we might never really know till you try them but you just have to trade with caution, I for one rely more on my own strategy than any other person’s strategy and I believe that I have got the strength and brain to know it and apply the knowledge to my trade and be successful.

Not unless you know that successful trader's personally so theres a chance that he Will teach you but if not its more on scammersnor fake people that will only take advantage of your being noob
I suggest that instead of learning from personal message why not just study by yourself and read more of the topics here in regards to what knowledge you wanna learn, more safer and more educative

Thanks mate for your advice, but why are people still relying on the help of pro trader to help them trader, could it be lack of knowledge, time or laziness, because the pro trader acquired the knowledge the same way they can too.  There are so many tutorials available for many people who desire to trade to use to become perfect.

Another person’s strategy can never be as good as perfect as ones strategy, if we continue to rely on other people’s trading, then how do we gather experience or learn to trade when the pro trader no longer exist. Interested traders really need to reduce their rate of trading reliance.

it could be lack of knowledge because whats the point of asking someone when you already know all the things related to trading ? pro traders are more knowledgeable and have more experience than an average or newbie traders  . pro traders can only give some advice and the rest you need to work it out or you need to figure it out all by your self because depending/relying all on other people is not good anymore as that make you look lazy and useless  .

This is the reality.
But I have some else for the word of "too busy".
Successful traders don't spend most of the time for trading because it's not the rules for successful traders, I mean professional traders.
Professional traders have a fashion for their trading so they have enough time to teach someone but most of them don't do that. Because they have family and friends they can spend their times with them.

There are still some reasons besides that, maybe they want more money by giving courses to others. But you have still point, for me, I will never pay someone to teach me a trade or will buy some courses. I know it is much better to do our own research or more on self-study, much better for me since there's already a lot of resources now.

The best for our safety is don't trust easily that's eat and for sure you will be fine. Don't rely to the private groups who are really teach about crypto like giving cignals or anything about crypto just do your own research for your own safety. Yes you are right they are busy to do research so they don't have enough time to do that .

Newbie traders are the most prone to this kind of scheme and i admit in my early year in trading i have joined in 2 paid groups. Yes, they share ideas but not that so good enough while the other one is only a pump and dump signals. There are some legitimate pro traders who trade for a long time that have enough time to share but this guys i am looking because  most of them share it for free and if you only want the full course along with the coins or any pair in trading that have a good setup.

what you say is very reasonable. if indeed they are experts in trade, they will be busy with the trade they are doing, they certainly do not want to bother with taking group courses or pump signals. most of them will only take advantage of our ignorance.

It is only a fool or inexperienced trader that can trade with people who chart with him or her on private group. However, trading with such person is not bad  but tell him to place order on the exchange don't send your asset to him. They are now many be careful

I guess this should give a good scope to the newbies who looks for shortcut on trading analysis. In my own say a busy trader doesn't have time to him or her self talk less of teaching. So to make it far just put up your own knowledge and Google search and also watch some videos about trading.

That's the last thing I can ever think of to pay someone to help me trade. Definitely I devoted my time to learn trading through some WhatsApp groups and as well as telegram groups too and also meeting some pro on (TV) tradingview.

yes don't trust anyone in this type of field because everyone get into the field only for money so anything will be happened if we are careless so making the decision will always been important to carry out for long time without any support is ended up with the success for your journey.

I find it highly distracting to be part of a group when it comes to trading. I looked into some that were free and open to access, but the noise ratio is so high that I ended up leaving every single group I joined.

It was so distracting that I developed an anti TA bias with how these people turned TA into a meme rather than something useful. I'm glad I looked into TA again on my own without all the noise from fools thinking to be pros.

I stick to trades that are somewhat obvious in my book. The peak of the current run is something I shorted due to how bullish people are, and the fact that Bitcoin was very near a $100 billion market cap.

Day trading is something I avoid at all cost.

If they are so good in the trading and are successful as they claim to be, what more money do they want that they don’t already got in the trading, and like he said, most successful traders would not even have time to do tutorials because they are busy trading, we have to understand that there is a difference between a trader and an tutor.

We understand those who tutor fully in how to trade, those ones are basically interested in making money out of training people but not as a full time trader,  a full time trader can only take money to trade on behalf of a newbie in order for them to make more profit.

I've always found interesting how some people can devise ways to get income from the unsuspecting newbies...
Does someone think that a successfull trader would teach it's techniques and secrets to everyone paying a few bucks? If that guy was a trading master, each minute he would spend in teaching would be worth a lot more while trading... besides, why would he be interested in increasing the level of the competition?  ;D
Outside crypto world there are also these types, offering lessons on "how to collect weeds from your garden", or "how to collect rain water"... come on people...

Honestly I don't subscribe to those shit paid signals I was made to understand that they earn more by selling a non consistent winning signals, a friend of mine had quit such services  researched and came out with a good strategy which he had been using thus making some profits for him although it is a forex strategy having spent huge amount of money on the so-called paid signal groups without any achievement.

Years ago when I started with stock trading I've also subscribed to these groups. They are generally never on a free trial and you have to join for at least a month which is usually in the $250+ range all the way up to $1000 or so.

The problem is that you usually get the signals way too late, you would need to not have a day-job to be able to catch them. Because sometimes you miss the trade and it ends up being profitable and you are left out.

Another issue is that its hard to tell whethey they actually make any money or not. The trades are usually delayed and sometimes its almost as they are trading in hindsight. Like they buy a stock, tweet about it 5 minutes later, and price is already up 1-2%, and then you buy and the price goes down, and then another late tweet comes saying they sold 5 minutes later. So who knows whether they actually took those trades or not.

I agree with this statement. Why do we have to subscribe to different trading signals if we can actually look for better tools to learn about the basics of trading?
We might get fooled by people around us and its a risky move.
How can we be sure that they're successful traders as what they're claiming?
Let's not rely our opportunity to learn with the crypto opportunist.

Think that only you can predict prices in the market, only you can see where the market will occur. we are fed up with the speculation that arises, it's just a hoax to manipulate something, so it's enough to follow the instructions of other traders!

It is always good to research own analysis and then do trading, you can read the analysis of other users but dont trade on that blindly. Just take some time and read the market and then read the other analysis of users and come to a point where you can do your own calculation and then do trading on it. So if anything goes wrong you wont feel sad that you traded on other person or group reports.

honestly I still really doubt the group like this, do they always get the profit they are promoting. but after seeing a number of reviews from people who have joined, this group or channel cannot provide profit at all. Even private group can't guarantee that we can even get profit.

You might able to say that those advisors do seek out some extra source of income?If we do think clearly if they do generate out profits then getting amount from subs
wont really be that enough or can even break even on the amount that they can potentially earn when they do go full time on trading and also it isn't really that necessary for us to have those advisors yet
we can self-learn and all sources are available online,all you need to do is to research.

I am sure they are taking a profit from people who joined them. But for the people, I don't think that they can easily take the profit like them because they know what the next thing that they want to do but people don't know and only follow their direction which is not always good. Perhaps, some people can take the profit, but other people cannot take a profit. It still better to analyze by yourself so you will learn many things related to trading and if you can learn more and more, I am sure that you will make a huge profit too.

whenever we are in any type of groups we need to be alert and careful when something was going wrong for our thoughts and it will be the most important point that we have to follow every time the traderr should not feel comfortable.

Many of them are making claims in other to deceive us.  Be careful like op said is the best solution to this scams that hide under the expertise of trading to give you signal that some of them cannot even risk their capital for it.  We should becareful and learn everything about cryptocurrencies ourself.

I've seen some real traders who do tutorials about the basics but not really teaching how to make a profit and most of them are forex traders. They don't actually collect people to gather and tell this and that. They just put the tutorial so that everyone could actually understand the essence of trading.

And for those people on YT who do tell that they were gaining profit from this and that but never post the real result of their daily trading then i don't bother to watch them since they just want you to watch their channel. And all they have been telling was a pure BS to me if they don't show some results.

it's not always the same, as OP has said many good traders are busy at trading and hardly can afford time for teaching someone. Yes, it's true but not ever a good trader is always trading. what makes a trader good is balancing his trading and personal health together. its also true that there are many distracting courses out there who are simply going to waste your time but do learning something is really a waste? doesn't it add experience and of course practical experience is the main stuff in trading so just keep trading.

Most of them are looking for ways to cheat, we make payments and then they disappear and we don't get any knowledge. I would rather meet face to face for a mentor.

Indeed. Some are legit as there are professional traders that only trade at the morning and trade for a short period of time. They are waiting the market to open so they can get in first then after they accumalate decent profit, they'll just close their position and continue doing their stuffs like learning something new or teaching other in trading.

So it's more safe for us traders not to be engaged with them anymore.If we really want to learn more about trading,there are free demos available in youtube or even this forum alone can give us decent tips that can be of great help particularly for newbies.Just keep on trading and i'm sure you will be more skilled as time goes by.

I just don't get it why would they rely their money on others if they could do it on their own.
Yeah they would lose some but at least they would gain experience from it and they could use it for the long run.
Unlike those who they would pay to trade for them.

Not good if you will hire someone to do it for you without any knowledge, if you really wanted to have this kind of stuff you should also learned it so if someone coaches you, understanding the risk will be manageable, it have to be gained alongside of assistance, there's something that you can learn and use after.

It is not recommended to believe in these guys who want to sell service or monthly trading packages to the customers. Newbies fall to this trap easily and there is no exit from there if you don't have enough practice.

Most of them just know the theory but when try to trading he only gets a loss. I have came to such a group and the admin give a lot of signal every day but I just weird when I matched to the chart it is really different their signal just make some people loss. Also, for those people who assume that he is an expert in trading field but he try to  engage some people to join in his group with free that something weird. He sold their theory with free and that thing is impossible, so there is no one who can be trust related to money.

That happens with some of my friends. They don't research the groups, and they never try to learn about the analysis, so they use the telegram groups channel to get the sign. I always warn them, but they never listen to me, so I let them decide to continue or stop right away before it's too late to them.

There's some people who give free TA on twitter some got paid groups but still people want to pay for TA. MAYBE it also depends the person who run the group. Just need to find some genuine groups. I have join 1 group but TA is free.

People who are trap in this trick are obviously out of knowledge and information of what kind of program they have penetrated. The possible consequences may lead you to act anxious that may also a way of your loses. And to break this kind of trick, we have to be cautious and wise on deliberating a consistent output with trading.

If they are not good with TA and they want to profit, of course they will pay for it.
For me, this is not good for your long term journey in trading, you cannot rely with these paid service all your life as a trader as they could also gone wrong sometimes, you know, when there's money involve lots of things could happen.

If you learn on your own, you can improve your strategy and you will be more fulfilled as a trader.

If someone is providing valuable service for free then what benefits they can make from it?

Do you think people want to help others by giving free TA?

Nop,they are doing it to manipulate the prices.

This reminds of people who claim theirselves as guru and  says that they sell millions with their business online and will offer you exclusive groups and masterclass for a ridiculous amount of cash. So don't be deceived guys because it's like you are getting hit with two bad luck when you take their offers which is you lose first when you paid them then you lose another time when you follow them.

This is the problem we get to see in the aspect of crypto investment too, no matter the warning you give to some people, they will never believe you, and some will even think that you also do not want them to prosper in what you are doing. So, the best would be for one to leave them for experience to teach them he lesson that they need.

From the experience, they will learn to always listen to good advises from people that does not want them to make mistake. If we even want mentors, we have many of them locally around us and we don’t have to look for a mentor online before getting the tips or strategy we want.

This is why I'm already stopping on giving out advises or warning to people and just let them experience those things for them to learn up
because there are people who do have that kind of mentality where they are do stubborn where they do still proceed even they are already giving out some caution.
Just simply think that if those gurus and professionals are constantly making money on  trading they wont simply make any mentorship or whatsoever.

I never really had trust for those kind of stuffs, to me they are not trustworthy . I don’t think anyone who is really a good trader would have such a time to he around teaching people ,when he can just use that knowledge he has to trade with more money and make a lot of profits from his trades daily. I see a lot of people that does that, but I usually tell them do so at their own risk, I don’t have interests in it. And based on what I’ve known so far , none of those stuffs are really worth it, people who have been part of it never got to benefit from it .it’s worthless.

A lot of people who are claiming expert traders are offering their services for a percentage of their income or guidance. The point is, if you are a trader and earning by your self, you would not even bother or waste your time for others to earn, you will focus more on your trade. Do not be fooled by this kind of traders. Learn trading by your self.

Right. Nobody wants to waste time in trading and so traders nowadays focus  on their own time to trade to develop more skills to make more profits. So i don't think that those who offer their services are real good traders. Maybe they just want to get your money first after you have been deceived by them. So learn to trade by your own trusting your own strategies and skills.

Right, just remember there is no freelunch my friends. if you hear the free advice and TA someone gave, in fact he didn't give it for
free, he tried to drive prices on the market according to their interests and their desires..

Oh, that's sad, you paid someone online just to teach you how to trade? then the worst part, they disappear. That's really disappointing, if you are planning to pay someone just to teach you how to trade, much better you subscribe on some course online, or much better buy some e-books or books then you learn by yourself.

I've never think how this person trusted to the one that never been talk for long. There is no wrong to trust someone but not really that much especially when it deals with money not unless they offer to give them help before we pay.

We know how scammers work and we don't have lack of awareness in this forum. This may serves a lesson and learn especially for starters. We don't need to rush in learning crypto trading, better help ourself rather than seeking help from the anonymous person which they only wanting to scam us.

That's right, this strategy is very prone to scammers. Fooling noobs in trading that want to earn quick money without searching and studying it well. As of now, scammers make smartest than before, they know the weakness that newbie in trading had. We are lucky here in the forum that we already aware of that kind of modus from others that rely on hype or other services that related in trading which is having bad intention.

That may be true, but I would say not entirely. Although it is true that to be a successful trader one has to really look at the market really closely and be in it almost all the time to see the changes that trends that are happening. However, despite that fact, there are some people who,  by their characters, are good and want to help those who needs an extra push whether it be coaching, knowledge or whatever it is they need to become successful. I mean, it's always a feel good situation to help someone and see them succeed. Although this market is as competitive as one can get, there are still some good people out there who are willing to impart their knowledge because if more and more people would succeed, it would surely affect the market in its entirety on a positive note.

Traders who run private groups are usually the ones behind pump and dump schemes. I don`t think that traders are busy all the time, one of the good sides of being trader is that you can do more things on computer
while you trade, why would be hard for some trader to be active on social network or to give tips here and there.
What really is pain in the ass is that every trade is risky, nothing is 100% sure. When someone gives a tip and that doesnt pass people get nervous and start attacking, I think this is the main reason why some successful traders dont wish to give tips. They handle their wins and loses, why would they want to be someones target cause one bad trade?

This is definitely true because there is no logic if a trader who is successful is actually not trading but teaching others how to trade.
If the trader is so successful why would he reveal his stats and strategies because if he would do so that would just hinder the market movements and all his strategies would be of no use.
So basically there is no logic if a successful trader is teaching rather than trading himself. It's definitely a scam.

So you are fine with paid advices because they are helping?

Well we can say there are traders that wants some compensation in exchange of helping others since they worked for it but the whole quote just telling us that it's quiet rare to see a serious trader who will run and sell a service like that because they can earned more doing trades than offering that kind of service.

Bottom line, those paid groups are just consist of pure hypes and not actually running a serious course once you paid for it.

I don't see any logic in those words. I have examples of really successful traders who conduct training courses for beginners. If he has the knowledge, why not make an extra profit on it.

But if someone is advertising a way to you to make easy money, don't you ask yourself why he's making this information public rather than profiting on his strategy on his own? It's the same with these private Pump&Dump groups where you have to pay to get access. These are only looking for people to buy their bags.

Yes it does seem like common sense. Basically its like that saying. Give a man a fish you feed him for a day, teach a man to fish you feed him for life. In the capitalistic world, you wouldn't teach a man to fish you instead would sell him fish everyday. This is a great analogy and most people don't understant and they fall for these scams.

Some of these private courses or trading groups have even answered the question "Why are you providing this secret info, when you can instead trade yourself and make more money instead of selling your course? And the replies were ridiculously like "I want to be like Robin Hood and help the poor", etc and people actually still believe these guys and they buy a membership anyways.

They lose money on the membership and they also lose even more money trading the markets.

Thanks op for the reminder and advisor to the community, not just nly the newbies get victim of that private group.



i get want you to deliver about this op thread because some or the trader are use their knowledge to get easy money but some of this group are scammers.

profesional trader never ask to other people to pay them if we want to now their strategy or teach us.maybe focus on their trader in order to get more profit be their reason for this.

Until now i not trust about everything like that. Because i don't have much money to pay them and maybe it is only work for people with high capital. So they are can pay tutor and then get info from that. At least their trading capital  and profir will cover what they paid instantly.

Well not all of them will be a scam, the truth is that it would get to a time in your career when you will want to get some people on board to continue your legacy because you just want to make more and do lesser work than you have been doing, and this most of the time can only be done by creating a network of traders, and just picking up people and training them to be traders won't work out, because they won't value what they didn't pay for.

Thanks for the perfect advise, those who rely on people to trade for them rely does not understand what they are given out, not only the profit, but it feels to me as if they are selling of their birth right and the legacy they would have laid down for their children.

Those who are trading for them have already gone through the training and stress in life, and their children will never pay for such knowledge, because it will be passed on to them freely.

These people will not operate the section for life, so what happen to us after they are no longer in existence? We really need to keep these lazy attitude aside, especially for those that are still very young with fresh brains, they are things that can be learnt and out into practice to become guru too.

Trading is not the challenge of many people here, it can easily be seen on the TV and fells very easy, but when a trader is faced with the live practical of trading, then we will understand how trading can be difficult. What scares majority of people away is not how to place but order or sell order, those are very simple tools that even a 10 years old child will be able to do.

The major thing that scares people away is making decision using analysis to place trade, when it comes to technical analysis, there are so many indicators that needs to be fully studied before they can be used too, but this looks quite very difficult for some people to understand and would rather pay someone to trade on their behalf or help them with signals.

YouTube also offers a lot of channels on crypto trading. Yes, they also advertise some trading schools but it does not mean that you must deal with them. It will be enough to follow the tips given in these videos and to practice.

I also never believe in traders who are operating closed groups or selling courses or something like that, even if I have all the conditions to pay for participation, I still don't want to stick to them because one thing is very simple, if they can really make money from the knowledge they provide, they will not need us, no one is free to share the tools and methods to make their money with others, career knowledge and experience are always secret. They just want to take advantage of inexperience to cheat us, stay away when these people find ways to reach us, don't believe what they show

To be honest, one should never stop learning about what they love to do. Even if you are free and are not working, something you should be thinking about is the work you love. Love to do research about crypto and do it daily make it a habit and only then the complex phenomenon could be solved. You have to have great knowledge to make thing happen and not with few words about the market price or trading.

That's not exactly good advice. Still, there are people who want to learn trading and there are traders who are willing to help them in this. Of course you should be wary of little-known channels in the telegram that offer such services. If you want to learn, then contact only the trader you trust.

You can find people ready to help for free on forums and you can learn yourself by reading predictions of other traders and understanding their way of thinking. It's not really difficult when you understand the basics of market psychology and TA indicators.

Paid groups aren't there to make you rich but the leader. There are many so called teachers on youtube and most of them aren't successful in their trading because if they were they wouldn't be selling you tips for a few dollars.

Absolutely! There are a lot of frauds in this sphere, especially among numerous new platforms, it’s awful! We all must be more careful

Don’t be so categorical :) Caution is vital, of course, but there are a lot of worthy new platforms which develop their services not with the aim to cheat you

But their amount is incomparable. Just take a look on plenty of contests, bounty programs! People really believe they can win money in it, lol

Agreed. Honestly I have never participated in such programs. Can you give an example of at least one?

https://medium.com/velvet-exchange/our-first-bounty-program-launch-participate-and-get-the-reward-70bd5c7de213?fbclid=IwAR3NlRF7Q5dQ_J8KqYHbo3DT51baawZik9zXQrHtaofkh_gVGf5mLlj3rNE They are launching their first bounty program, gonna try it

Cool! If  you know what you say I think I’ll try, thanks for sharing

It would still be good if you learn trading from your own efforts through keeping on learning from this crypto market. Experience is also a great teacher so do not be afraid to take risks because crypto market is really risky even in the first place. Do not just rely on other groups who offer good trading strategies because i really believe good traders here have no more time teaching others because they are too busy doing their own trading too.

I think every trader has their own characteristics, some of them don't like sharing, but some of them like to spread tips and sharing. maybe I don't like paid groups for trading tips, because in my opinion if the owner has their skills it could be rich from those tips right? not using other traders to get rich from subscribing

If there are legit traders that wants to teach, they will be either your close friends or your families. Fake traders are rampant on using the original ones and thus make a living out of it. Sometimes they are groups of people who are paid to shill certain alts, in short ponzi scheme. Me and my colleagues have a private group and we barely talk to each other due to loads of schedules being busy on daily work, also including trading in crypto currencies. So the chance of a professional trader who wants to teach will definitely steal from you.

I agree with the warnings of the author of the theme, especially do not need to join groups, which give news about PAMP coins, as in 95% of cases it is scams and just cheat people, asking for payment for their information

Most of these paid group are not real traders and they only want your money so it is better not join them and learn on your own effort instead. I learned trading for free with the help of some of my friends in social media who have already trading experiences. Instead of  relying on paid signals, it better to learn technical anaysis and become independent trader in the future.

Even me i can do it my self for trading even im also a newbie. Because you can search and watch how to start from trading for crypto usually you can find in google.

any form of payment should be with caution in this space. Ignorance can always punish anyone for hurried financial exchange. The only reliable means is getting an escrow from this site to reduce the risk, I think the admin and moderators still sustain their integrity my challenge is their availability, though u might have to pay for but the risk will be minimal.

Exactly.There are a lot of resources we can find in the internet if we wish to learn in trading.It's better to learn from our own researches and applied them in the real field of trading.We should always have our own confidence in trading and not just simply relying on others for decision making.In the end,it's only ourselves that we can trust because good traders nowadays are also busy trading of their own.

They are just a pump up group trying to make a profit on the coins/tokens they are holding so they are enticing anybody to join their group promising them profit but the real motive is different, they just want you to buy their tokens/coins so that it would surge and then they sell, leaving you in a loss as it is already dumped and can't recover anymore.

Exactly because a trader who provides the signals will be bothered about himself because he might give signals on selected coins. So it is good to learn by ourselves because trading is not an easy job, it is an investment based so we might learn it on the internet because there are many videos explaining basic knowledge about trading and we can apply them to the real trading environment.

I think that these kinds of people have always existed since the Stock Market, in a book called: A random walk by Wall Streeth, they have always tried to do these movements in different ways, fact, some brokers of the stock used to call the speculators of market and tell them that there was a great opportunity to invest in an action of a company that has not re-entered but that the investment was safe.

Esaa is a clear demonstration of how they can defraud people, something like this happens with this, it is like a chain that never returned, only that now because of the advances of the technology they do it in different ways.

If we think it right, why they should want the others know about it. Maybe because they'll have something plan, if that a helping plan for the others then it will be good but if not as OP say's, especially when asking money for returns we should have to think about it. Maybe we could say that they are scammers(if proven).

My opinion is going with your own decision and own making style will always be successful because the guidance is not been going on for long time so how fast you can learn something from others it will helpful for making your own way in the future.

That is what the whole idea should be, we can pay to learn from someone because once we can acquire the knowledge, we will be able to develop our own strategy but not paying for someone to do what we can do for us, and it is just a waste of money, energy and time.

Is it not better to pay for a training tan to pay for signals, most of the professors that teaches in school, why do they have to monetize their intellectual property when they can simply use it for themselves, so for the fact that they are pro traders doesn’t mean they won’t have other means of still making money, which is not a bad idea to teach also.