Bitcoin Forum

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

That is trading. It is easy to learn and teach but it is hard to make money with it. They have the knowledge to teach after they learn and they turn it into profit. But if you tell them to trade, do not be surprised if they lost.

I see this as scam.

I can not agree more, you are very right about this.

But teaching about trading is not scam. But you have to let your student knows that trading is risky and that you are only teaching them the basics.

It's as simple as that, there's no successful trader in trading.  You might get a profit today but you'll never know what will happen next.
In terms of money, many people are willing to deceive other people by offering their fake services since they know there's someone to believe them because they call themselves "influencer".

I consider it most likely, especially if they are misleading others with false promises or unrealistic expectations about trading success.
It's disheartening to see that still they fall prey to such schemes, with few, if any, achieving the financial independence and success they were promised.

Mentorship isn't wrong if you don't rely upon them, you should make your own decisions in trading and make them one of your references.

You have already nailed it bro with your first sentences. Many of these trading gurus aren't real traders but more of a commissioners from the courses that they're selling and also affiliates and earns a lot of money from their referrals to the exchanges that they're advertising.
You might even see a very successful trader in the forum but just plays lowkey unlike these, they're known for what they are and that's why they're influencers, and that's it.

Most experiences and opinions leads to bad results, that's why these people had no successful trading career because of it. Scammers spying around has different techniques to get into their preys, so better be careful and always be vigilant on this anonymous individuals.
So called coaching gurus, really is aggressive to catch their victims offering huge profit without reality that exist.

Not all who teach on YouTube are making any profit in trading most of them are scams that is why I only look for those who do live trading rather than those who make content to teach you how to trade without any proof.

There is no perfect trader you must learn by yourself and monitor the price action of any coin you trade not all strategies that you can find on YouTube will work for you that is why you need to learn by yourself and the basic guides is essential in trading almost all content related to trading shows you the basic trading that's the thing you should apply on every trade.
There's no perfect trader who can predict what will happen in the future they are just predicting any possible opportunity based on previous price action.

Trading is actual spending your money for trading.

It is different, very different than trading with demo accounts or learning trading courses with fundamental or technical things about trading. When it comes to actual trading, actual money, profit and loss, you will be affected by emotion and your psychology will be affected a lot.

You can see a professor teaches about trading but it's unsure that if the professor uses his money to trade, he will be one of rare winners in the market.

Trading is not so easy and even experts find it difficult to make money from trading and again you can’t compare theory with practicals, theory is something that can be learned and understood but putting it into practice is not so easy as it seems and some people who teach others how to trade probably are not risk takers and taking risk is not easy and not for everyone. Everyone has their part to play in life just as teachers teach students to prepare them in their career path but they remain teachers themselves.

Making videos and dropping trading signals is easier than trading itself, most of these people are scammers and truth be told it is better to learn about trading yourself than to rely on some random people sharing signals and trading contents, they are humans just like you and if they can learn it so can you so why do you have to waste money to pay for their services? Depending on them is not ideal instead you should learn about trading, i know it is not easy but it is worth it.

When you follow online trading classes and you end up losing you will blame them for your loss and will be difficult to take correction but when you learn and trade with your knowledge and lose you can easily identify your mistakes and learn from it as experience is the best teacher.

Actually you are correct to an extent because we actually have more of the fake and a few of the originals in the industry and this has actually made a whole lot of persons start to doubt if it's actually really possible that these guys make money off trading and the actual truth is that yes they do but only but a few amongst all the many of them that come online to lose as forex or crypto traders, generally these courses they sell are such that you can actually get other people's material and fine-tune it to look like it's your original material and then you get to resell again ad a course and that's what most persons do because looking at their beginners classes they do share some form of similarities and in their advanced classes that's where you get to see the difference and understand those who actually make money off trading and those who makes money of selling courses.

Not every trader actually are good enough at trading but a few are aswell good and are making some good money off it, personally if i get to the point i can consistently make money off trading then you can be sure i wouldn't even come online to want to sell courses to make the money rather i will trade on my own to make the money and then if anyone approachs me i will teach them.

when you see someone that are self proclaimed trading gurus selling course you should also try to look further into their trading portfolio whether they are making profit or not.
the thing with these trading gurus are that they never disclose such thing i'm pretty sure that their portfolio isn't impressive and they are going out of their way making course for the sake of making that additional income stream as described by you, no wonder why there are many newbies trader that quits early because they are so misguided by these courses where even the course maker usually don't make that much of money.
there are many people that tries to act like they are successful by using luxury brands and sports car and so on for the sake of making people interested which might be their strategy too as stated by many people before.
always know that nobody is trying to make you rich, big fat chance these people are trying to make themselves rich from using your money.
learn by your own if you can save all that money to get the real impression of how trading works.

This is exactly what I have been trying to explain the other day on different thread, one who teach us trading by getting fees are not really traders they just try to exploit their audience by showing the positive side of crypto trading.

Making profits consistently in trading is not possible so they say others to do trades and get money in return and making money consistently.

This became a big scheme and many influencers or what we call mentors in trading keeps on flexing their luxury lives in social media platforms to promote their services or to attract customers, sad but yeah this is happening and believe me I've tried subscribing into some mentors in trading and not all of them are really helping you, there some that is scammers or their skills or signals are really not effective, of course not all I subscribed to some legitimate groups that will really teach you how to trade and different techniques and hacks in trading, that's why I don't believe those influencers that boost too mucb about how successful they are because of trading.  That's why the greatest mentor is yourself, if you manage to become average to expert level in trading the you are the boss to your own work.

The truth is that anyone that is actually serious about trading and is profitable, have zero to no time for educating people on YouTube or sharing signals because the trading profits will def supercede that of the educational pursuits. I have a friend that knows very little about trading cryptos and overall limited knowledge on cryptocurrencies yet he prides himself as a domain expert for crypto and a mentor selling out "mentorship" spots in order to teach people how to make money from crypto.

9 of 10 times, people doing these only earn from those sells and none from their acclaimed skills.

Sometimes a legit trader will teach a bright student, and even help them with trading funds in exchange for a % of the profits. A deal that good is normally only for members of my family.  :)

I like comparing them to chaps who write or are authors of books that tell people the "secrets of getting rich" but in actual sense those people have never gotten rich because of the "tips" they are offering people.
They make huge earning through selling those books to gullible people instead  ;D

Some even get to an extent of using fake money from Demo accounts and shilling shitcoins to their followers.

Others keep asking their followers to sign up using their referral links. To me, those are red flags.

That’s where they become best actors and impersonators so most likely, they will keep on doing that until they’ll find enough reason to stop. So while the social media is still at a high advantage these days, and majority of the audience are in social media, they will continue to chase big and instant profits by deceiving those innocent people, something that they can’t do actually in the real field of trading.

And since majority of those aspiring traders have turn greedy, they will continue to follow and subscribe to those fake traders since all they think is that they can make their own trades successful and profitable from following all their tips and advices.

Yes, I agree. As much as we need mentors in trading especially if we are still beginners, but in the end, it’s left on us the final decision making if we are going to adapt the mentor’s idea or we have to dig our own idea.

The reality is, no one really gets successful in trading consistently, yes they gain profits at some point but they also lose their funds at times. So no one is really capable to give us the most reliable advices in trading as we end up making different experiences in trading and gains different outcomes as well. Although we have these influencers all over the social media, but they cannot make guarantees that our trades will end up successful if we follow their trading strategies and tips.

I disagree. If you are actually trading, you can make profit in the long run too despite some losses and mistakes here and there.

The problem is that many people "gamble" and call that trading! For example they listen to the fake hypes on the internet, in social media, etc. and buy a shitcoin without knowing they are buying into an already pumped garbage that is about to be dumped. Obviously sometimes they make a profit randomly because they were lucky and the pump lasted a little longer but most of the times they lose because they get dumped on.
This is not trading. This is gambling and you are right, there is no successful "gambler"...

Well, I have often witnessed this phenomenon for several years and these people appear when the economic situation of most people is in an unstable position. Continuous and defensive trading may be good for yourself, but our brains are still required to read price movements, which is not as easy as clicking the buy/sell button. There are lots of people close to me who were initially successful in trading, but this is what is called the crypto market which can move abnormally, not about ups and downs but about positioning. Therefore, instead of focusing on being a daily trader who locks himself away and locks up his brain, it's better to be an investor who can leave assets in his wallet at any time without having to worry about going up or down, because long-term investments for me give me more freedom of time to look for sources of income other.

We cannot reject their presence because they have found a way by opening trading training courses. They probably trade infrequently because they often train people who join them and they actually make good money from what they do.
It's hard to become a professional trader, but that doesn't stop people from continuing to learn. One way is to take courses that say they can. However, not many people can become professional traders because many of them are not serious about studying it.
If you really want to become a professional trader, you should study more seriously and think twice about enrolling in such courses because you can learn a lot about trading from other sources. You should use the money to register as capital for trading and continue to learn so that you can improve your skills.

There's a lot of people who are selling courses though not all of them are successful traders but that doesn't matter they didn't say they are successful but they have the knowledge they can share with in exchange for money and it's up to people on how they are going to apply it and those courses were really a good source of knowledge that you can't get easily or would hard if you are just going to do it on your own. Also, there's some known traders in Twitter that do share courses for free, give their insights (but not a signal) and those are some successful traders/teachers as they do teach freely and doesn't ask anything in return and they also have a disclaimer that that was only their analysis and doesn't encourage to follow as there's no way you can predict a market.

But regarding to the VIP signals, I don't trust them too, we don't know how do they get it and also it would hinder you to practice your skill on market analysis if you just rely to the signal given in a group.

Well, I got your point there.

From time to time in trading for sure you'll learn from those mistakes in the long run and this makes you strong in trading and of course, it will sharpen your knowledge and ideas in trading as well.  But I can't imagine how much you'll need to lose before getting such a point.
So the idea of successful trading isn't something yet convincing me at all but yes, you may earn profit but we can't call it successful.  Because IMO, when we talk success, there should be no loss at all, it should be consistent profit that trading won't promise at all even how knowledgeable you are.

There are many people like that, claiming that they became millionaires just by trading and opening trading classes to be able to share their experiences with other people. I mean, if he's confident in his experience and has already made millions of dollars from it, why doesn't he just trade with that money himself and take all the profits for himself? why does he need to open classes at quite expensive prices and share his knowledge? If it wasn't for wanting to make money quickly without the hassle of trading, I don't think he would open a class with the intention of making other people rich with it - those people aren't generous enough to do that, they're not saints

Thats the negative side of not only trading but also all the related business and platforms that are running all along the internet. People get more income than trading in selling their so called fake courses and claims.

Actually it's not more of a fault of course seller than the ones who buys that courses. We are not only buying these courses but actually we are promoting these kinds of course sellers and this boosts their confidence that people can still be doged and faked. We have to stand against it ourselves.

I think this is explained quite simply: the security of income.

A successful trader misses around 49% of his trades and makes his profits with the one percent more successful trades. Once he has made a name for himself with his successful trades, he can use this to offer courses, workshops and training sessions, which are then also very popular with newcomers. All well-known professional traders actually offer such courses, and crypto influencers such as CoinBureau also work with such methods.

The income from the courses is generated regularly without much risk, so they are a very good addition to the trades. A successful and well-known trader would therefore be foolish to abandon this source of income.

The real successful traders are quiet and are even afraid to share their success stories. But those who are not, are big mouths and they are very convincing when they talk. That is why following these social media influences doesn't make sense anymore as they are just helping us to lose, not to earn. Because if these people are true and what they say is truly working, they are rich already but unfortunately, they are not.

Success can't be copied by others, it is a personal strategy. We can have their ideas and follow their tips but it doesn't mean we can be like them because there are secrets in trading that they never told us until such time we discover it on our own.

This quote explains it all.
I had to follow a teacher one time on YouTube while I was trying to secure a Payoneer account for someone who was interested in setting up an online shop.
Although the experience I had after following instructions led me well, but it was purely different from the result I got, because the teacher could only tell me what to do, but couldn't and didn't mention the harder part which involves using a referral or having someone with similar accounts fund mine up to $50, before I get to use the account to receive or send payments.
I had to go do my own research to discover Greg account, although not so popular but it was easier to just do it and be successful at it on my own than listening to the instructions from someone who is merely teaching to earn money.

Somehow my story relates to same our OP just told and the truth remains that many traders who have podcast and host shows and have videos on YouTube, don't actually trade for a living nor do they even practice or have had to practice some of the strategies they teach. They just make a living by making contents that are engaging and earn from it.

couldn't be said better, those people adept with trading that make millions are definitely not going around trying to make the whole world know that they are making big money just to avoid spotlight meanwhile the people that tries to market their course and so on will definitely try to make the whole world know that they are successful person regardless whether that success is true or not but the point is that they are trying to sell something so that they can make money off it so even trying to fake their trading success is even more frequent these days.
but right now things are improving though people aren't really as vulnerable to such trading gurus as it was back then, most people just outright ignore what ever these people are yapping and just try to research on their own, though there are still vulnerable peolpe that don't know better that still fall into their marketing method but its not as rampant as it was before.

Some of these people started trading actually as successful traders, but they were not able to maintain the success because maintaining success in trading is even more difficult than achieving first time success that they enjoy at the beginning of their trading. These people were able to convince some people to buy out materials written from the little knowledge that they've been able to acquire and once they saw that there was a lot of people interested in learning trading and the profit they could make, they started focusing more on packaging themselves as teachers who sell trading courses, organize trading classes, create trading contents for YouTube and other social media platform and host podcast just so that they can position themselves properly to collect money from these new traders who have the intention of learning.

Trading is not so easy. Training is done through YouTube. Don't believe it easily. Those who are new to trading fall into a trap. Newbies don't understand many things, because of which they easily believe and lose. Before trading. Must acquire enough knowledge about trading if you don't have knowledge about trading then you will never get success through trading. So before investing in trading you must gain proper knowledge about trading then you have to invest. Investment in trading must have a long-term plan. Many times it is seen that many investors make short-term plans and it is seen that they suffer as the market fluctuates. So always trade with a long term investment plan. If we have a long-term plan and can trade patiently after checking the market, surely we will get success through this trading.

Evolution of technology gave opportunities for people with the fame to make easy money and that's only possible due to the wrong approach of the victims cause they don't know where to start. Nobody will be interested in telling their money making strategy to anyone even if we are ready to pay and whatever they teach us are just basic that we can learn from reading random articles on the internet for free.

Maybe some are like that but there are still some who are really traders. They can also be called as mentors. Learning trading is not easy and they are making the lives of someone else easy by providing direct lessons in exchange for some fees. Not only the positive side but they can also show the negative side of it. It's not a way to scare their clients but it's only a way for them to be more careful about their actions.

I think it's true that there's also traders who earn money consistently and this is the reason why trading is popular but many of them don't bragged their gains in social media. These people are well-disciplined and humble.

Well, that's their strategy and probably they used that money to make sure that they would be able to fund their trading as well. I believe there are a few people who are really honest in helping other people towards the right path and they will bring them to the path of success as well. There are signal groups that just make it with money but there are groups that are really great and helpful with their team. It's just going to be important to DYOR when you are going to follow their signals. 

Now actually people have taken more responsibility in teaching rather than trading or learning, you are right.  Many people are now less engaged in teaching rather than training, seeing that everyone is practicing and making money from them.  I will see that many people are making many promotions or promotional videos on Tiktok ID in the name of teaching responsibility or teaching, but actually many people are inboxing them as an attack on outsiders.  Money has been snatched from them by trapping them and how much it has actually benefited them.  If it turns out not to be investigated then you will see that they have actually wasted their money and they are.  Can't get any kind of traffic or any kind of earning, actually it's difficult to teach training or trading.  Trading is not easy as it is easy to do and training is difficult. But anyway you are right, now trading is more than training.

Trading is not for everyone. Trading involves lots of commitment and aside that, it is highly risky. Not many would want to take such risks. It shouldn't bother us much how this group of 'teachers' make their money from just having the knowledge of trading and not going into full time trading, provided they ain't scamming people of their hard earned monies. Not all of these 'teachers' are fake though.

A prospective trader who is serious about learning trading and going into it full time should know that most traders they see on social media are only using that platform to get more followers and earn money. That is why they should not rely on only one source to get the right knowledge they need. Learning from different sources will help them know when a particular source is not being honest with his teachings.
It is not easy getting a real and an honest trading mentor these days, but if one is eventually found, he shouldn't be taken for granted.

Well, if those experiences or trading ideas are shared to the people for free, most probably he is genuine with his intention to help, he’s really a good trader. But the fact that everything involves money, that’s already suspicious for us. Reality is, he is not actually a successful trader, but is acting like one so that he can deceive everyone that gets interested to his contents, still he will end up profitable just like trading. He’s smart, but not smart enough to trade for real.

You would really be having those kind of thing in mind that if these fellas are really that profitable somewhat millionaires or making such huge money then why they would really be that having that kind of
flexing out and tending to make people to pay up some sub fees or vip on whatsoever payment on which if we do really tend to look at on which these are just peanut amounts.
Its impossible that you cant really be able to make yourself to think about those probabilities on which this is something that you cant really be able to make yourself realize that
there's no point or really not that recommended on following or paying up on something which you could eventually learn it for free.

Trading success? You could really be able to achieve if you are really just that serious on what you should really be gonna doing. Although success does really need up
some sort of mix of luck for sometime due to unpredictability of this market. Just dont make yourself that delusional on some aspects.

What I don't like about them is that they flaunt their wealth around as if they made it from trading, using it to decieve their followers that trading is easy which is not true. Many newbies follow these influencers and feel that trading is easy as they are saying it, unknown to them that it is only the basic and the market is different when you enter it. To me trading is easy said than done,because it is more of practical.

A kingmaker, makes the king, but doesn’t achieve anything on their own. This is the ideology everyone following and hence acting like the ace the trading industry. These types of people are not traders, rather their earnings niche is trading. They saw potential and opportunity here in this field and hence they grabbed it. Now whether you or me thinking them as scammers, doesn’t at all trouble them. They will continue doing this and will keep on printing the money.

This is so true OP, and I just came across one today that made me followed him to his page and saw a video about trading he wanted to sell for some huge amount of money and claims it is for free now. After opening the video, it was less than what I expected, I would have been a better teacher if I wanted to tutor some people on what he was teaching and compiled in that 1 hour video.

The same thought came to my mind today that why are they so many teachers teaching people about trading and there are no so many successful traders. The number of teachers teaching people how to trade is suppose to be less than the successful traders but no, you can’t see successful traders not more more teachers.

Trading is hard and it’s not something you can make fortune from it in a short period of time. Even the successful ones still create contents and teach other people on how to trade, so that they can be compensated for their losses in trading. A lot of scammers are here, so well to do your research and do a lot of learning by yourself, it would be better for you.

Those traders who you have highlighted are not scammers. It is not right to call them that. They have been able to  build reputation, gathered the right audience through engaging content, built trust through consistent value delivery, and converting viewers into buyers and mentees. They are the metaphorical shovel sellers in the quote in a gold rush do not dig for gold, sell shovels. The monies they accumulate from the courses, their YouTube channels may now go into placing higher traders although they do not tell us the outcome, it is just what I am speculating.

Seriously, this is true.
Even from them, we seem to see how easy and easy it is to achieve success in crypto trading. Obtaining high profits and getting instant success seems so easy, especially if you follow their paid signals and also subscribe to their channel. it seems as if it is so easy and convincing.

And it's true, just like an illusion. because in reality, it's not that easy. Becoming successful in trading is really difficult and complex. It cannot be done spontaneously and instantly. There will be many processes that actually have to be gone through, including understanding how to trade, how to set a strategy, how to analyze the market and its indicators and how to make decisions. Loss to loss is always approached as learning from personal experience. Yes, learning by doing is quite influential. It's just that we also have to be smart in managing how much loss we have to incur and when we need to stop or continue.

It is always important not to follow things you see on social media because social media is not real life, the signals being shared on social media might not be real but they are just shared as an evidence to sell their business which is to provide signal for other traders that do not have time to analyze the market. The signals they share might be fake ones and they do this so they can always prove that they got the signal right. At time the signals are outdated, they post it after it has already confirmed and you not knowing will copy the signal to use and then you will have a bad trade. As a beginner trader, always be the one analyzing the market yourself to make it more easier to know were you made a mistake when the trade does not go in the way you thought it will go to be able the learn lessons.

As long as they are doing this without fooling anyone then I agree, we should not consider them as a scammer because they are just using their advantage, their knowledge in trading just to make extra money and they succeeded on this by just having a good number of followers. If you are into trading, having a mentor and someone who can guide you is a big help, but if none a group like this can also be a big help, you just need to continue learning until you can trade on your own, and by that you can have a good ROI.

Without a doubt I consider those people as scammers as well, but newbie traders are too easy to impress, they watch a video of someone with a suit and that talks with technical terms and they believe they know what they are talking about.

However if they took the time to read books by actual traders and understood a little bit more about the markets, even if they could not trade yet, they will immediately see through the facade and understand those people probably have never succeed over the long term as traders, since a great deal of the advice you can hear from them is complete nonsense that could hurt you if you actually followed their advice.

By selling online trading courses, they can make money even without trading. It is one of the smart ways to make money where they open courses to attract those people to learn to trade. We don't know what they do in those courses but not many people are successful in trading and making profits.

By making videos on YouTube, they have succeeded in getting passive income because many people watch them. They only provide a little information about trading and then they invite people to join their courses by paying a subscription fee. Some even offer to provide trading signals that they claim are highly accurate. And it seems that these methods are successful in getting people to join and giving them benefits.

They may be scammers, but they manage to con people who want to get results quickly. More people will be deceived by their ways. We are the ones who have to be careful always to check the information we get and not easily join them before we get the right information.

Yes, the term scammers denotes more of a negative aspect, and these who prefer into teaching rather than trading, is actually done by their own choice. If they can’t be successful with real trading, then they should still take advantage with their acquired knowledge and strategies, and that will be possibly achieved through teaching beginner traders, not in the actual process, but most likely in the tips and methods that could enhance the best skills and strategies of a beginner in trading.

Well, you have a good point about the many influencers who are making their money influencing people but practically are not successful traders. Many of them are not even professional traders to think their supposed luxury lifestyle is generated from trading but from adverts and streaming activities. But you are wrong to call them scammers. Who are they scamming? For them not to be successful in a trading career doesn't mean they do not have all that it takes to be successful in theory. Mind you, if 1,000,000,000 people are taught the same thing about trading, it is highly possible that only 10 of them, or less, will be able to utilize what they were taught in the practical sense to earn from the market. But this doesn't stop the others from knowing what to do as well, but they can't just put the puzzles together practically to achieve their desired aim.

However, if they teach and show others the same thing they know, who knows, that person can become successful through that. Because to some of them, it could be their emotion, let me call it psychology as a whole. For this, it doesn't matter, they can still be a good teacher, tutor, or mentor as the case may be because all they need to teach most times is what they know, which is the truth about what would help the learner to be successful in trading.

Unless otherwise stated, I do not think they should be called scammers, even though they are not sincere about what is really earning for them. So far they have not duped anyone by collecting money and not delivering what they agreed on, they are not scammers.

because the signals and trading methods shared with their followers are not necessarily accurate. There is no compulsion for followers to follow the advice or signals given.
If they are not someone who has knowledge in trading but provides paid teaching for their followers, they can be said to be fraudsters. especially if there is an element of coercion to follow the signals given.
but if they do have experience and knowledge in trading, opening a trading lesson is not a scam. Traders must consciously know the risks of their trading. they do it themselves with their own money, and even though they use other people's signals, they still carry the risk themselves.

But teaching about trading is not scam. But you have to let your student knows that trading is risky and that you are only teaching them the basics.?
Just skeptical, how do they teach what they are not even practicing regarding the hard nature of trading...

This hard to swallow yet most of those courses are just recycled from the courses they've also just learned on YouTube. See a lot of these nowadays. Most of them doesn't even have a verified track record or worse not even an excel sheet that will prove that they trade very well. What they all have is a market preview and analysis from the past. No real result just backtesting and demo trading.

You only learn how to read price on this. Not trading itself. Trading is not only clicking buy/sell buttons, it is also managing risk capital and expectations.

Even if its really that too obvious that these people are really that not profitable but there are really those noobs who do still be able to believe that they are really that someone whose experts on which they would really be that making out such payment on subscriptions or would really be joining up with these vip groups on which we know that this is something that would really be that such waste of money. Just like been elaborated that if these people were really that profitable in the first place then they wont really be bothering themselves on letting other people to know about their trades but rather then would really be focusing their own into their trades
and make out hell a lot of money without bothering any other things. In other note about having that trading success as a personal point of view, it would be normal that you would be having those bad or non right ones
because you would really be assuming that buying low and selling high thing is really that easy or sounds or looks pretty basic but on the time that you do put up yourself on such scenario or condition then you would really be finding yourself that being that on tough situation or condition.

Scammers are always in search of ways to earn money without thinking about the wrong or right way so because of these scammers people avoid true people also and don't trust them easily.

If someone is not trading by himself and prefers to give knowledge about trading to others does not mean that they are scammers but someone gets knowledge but are financially unstable to utilize money for trading so such people are also hard working.

If they get money through teaching new Comers then they can become financially stable and can utilize that amount for trading so teaching others about trading is also appropriated.

They just teach what we read on this forum everyday still they make shit lot of money respective to their internet fame. Which can be right or wrong but if we are in the recieving end then we should be thinking that why we should waste our money to read useless craps, better read authentic books and implement it according to the demands of current situation in the market.

Yes, it's like that. They can easily recycle material that others have submitted and change it slightly. It makes the material look different from the others. But if people are observant, the material is similar to other materials.

Many people claim they are experienced professional traders. Unfortunately, many people believe it and end up taking the online course. Even though the cost to join is very expensive and they should be able to use it for trading.

That's why we don't know anyone who has succeeded in benefiting from these online courses. Maybe some have succeeded, but maybe there aren't as many as we think. We should learn trading by looking for information via the internet.

Trading is not science, so there is no way to teach a sure way to be successful in trading, because there is no way to teach anything certain about something intrinsically uncertain. As simple as that. Everything is based on appearances.


The problem is that most influencers will imply that if you follow their teachings you will be successful, and that's plain bs, because chance plays an absolutely major role in trading and you would've done it equally well or badly in your trades without having wasted your money and/or time listening to their "teachings".

Are they scammers because of that? it depends on your own perception of the concept. According to laws and judges in most jurisdictions, they aren't.

Yes, that is absolutely correct. Since trading is a very difficult task, many traders are taking advantage of this and selling their own courses in the name of it to build a long-term company. In fact, they are basically big frauds. As trading is not easy and one has to spend a considerable amount of time to learn it and then start trading with small funds and correcting one's mistakes and moving forward one can become a successful trader. In this case, many people have made huge profits by trading and by promoting it, encouraging others to buy their courses and in various ways refer people to people to the trading course and thereby at the end of the day those who enroll in that course, at the end of the day they are  Can't learn anything properly or get frustrated when practical application starts.

I have to agree with you. It’s not proper to call them scammers since they aren’t stealing our funds in the first place. Yes, we don’t have guarantees if they are also trading in reality, but knowing their teachings also make a positive effect on the beginner traders, I guess that’s something we have to be thankful instead. If they won’t stick to real trading, and chose teaching instead, that’s actually their own choice and preference. The important thing is, they are not feeding us wrong information about trading and they are being honest that trading itself is never a get rich quick scheme.

the habit of braggarts is spreading nonsense lol, I also often see on YouTube how someone who claims to be a trader gives advice which in my opinion is nothing special and is general knowledge in trading

while a professional trader will usually be calm and won't even make a video bullshit on YouTube, as ordinary people we can definitely differentiate between what is bullshit and what isn't (the point is, don't swallow the information currently available)

I've a few of them like that I followed during my noob days in Forex Trading, several years ago. Even till date, I still look at what they're doing but not relying on what signals they dish out. I want to see how many of them are still there, trading. There was one I met on Facebook. Dude was always displaying winnings and acted like he didn't have losing streaks until he created a telegram group where he started making trade calls. His calls proved he wasn't what he claimed he was as most of them turned losses. I've come to realize that people like that mostly prey on the ignorance of newbies to make whatever material gains they display on social media.

The saddest part of this is that these guys who consider themselves experts in forex, they keep posting photos when they are in places like Dubai in luxury hotels, they post photos of luxury houses, they post photos of luxury cars and they keep saying that they have all that money thanks to forex, then comes their phrase that has made me laugh the most every time I see an advertisement from a forex specialist, Is the following phrase: with this robot created by our team of experts If you have more than 10 years of experience in the financial market, you will be able to operate in the forex market as if you were an expert. Get your subscription now and start operating like our experts  ;D

Then the forex expert continue: this software before cost $350, but we are discounting it, so hurry up and get your subscription now for just $150. After next week the price will return to normal.  ;D and the guys start pretending to be people who are trying to help other people learn forex, they keep talking about people's financial failures, they keep talking about how people make mistakes in life. their words sound as if forex will make anyone rich. These guys who consider themselves experts in forex, they sell unrealistic dreams. they are big scammers


source: https://www.ifwglobal.com/scam/forex-scam-investigation/

When I read things like this about robot scam signs, I wonder where the robots that aren't scams are? In my opinion, all robots are useless

That's the sad reality as we should get out of something called signals and premium channels as they are just manipulating is by posting about the few wins and hiding many loses, there are people editing it to make it look like they have had profit. First of all anyone who is accurate at trading will not be wasting time creating and managing such channels as it's one of the commonly used modern day scam and there is no shortcut for success in trading as we have to learn the basics. We need to stay away from such influencers and start out own research and learn basic components like BB, RSI, MACD and Fibonacci.

This is true and come to think that it is really just that too easy to post up winning trades and wont really be tending to post the losing ones on which it would really be that a common approach to have.
You cant really just that make yourself that be able to easily believe with these so called premium groups with premium signals. If they were really that profitable in the first place then they wont
really be offering such thing and with that alone then you would really be able to make yourself that realize that it was never been that possible that there's someone do make out some sure money
out from sure signals.

Better to make yourself that learn up trading on your own method considering that every information that you could really be able to make use is really something that you
could found everything online, the rest of learning could really be acquired through experience.

Damn – anyone who believed in him would just become easy prey for personal gain. I never believe in trading signals even though there is some evidence that the prediction and analysis are correct – but the negative thing is that they will hide losses so that other people are interested in trying their service.

There are many beginners who are interested in things that can make them easy to make a profit without having to work hard to learn to make their own analysis - but in the end, they never get the knowledge. The best financial advice I ever got was: "Don't chase the money - but chase the knowledge", it will make us better without depending on other people.

It's the same with everything... there's an old saying in my area that the best coaches were usually bad players, and vice versa. Because they are two different skills, it takes a gift to know how to do something and be good at it, and it is a special gift to be able to pass on some knowledge to others.

At the end of the day, everyone has their own story, so each of us has the opportunity to prove that we are good at something. Instead of criticizing others and whether they are good or not at something, focus on yourself and your results... results are the ones that confirm if someone is good and what they are good at.

They don't deserve to be called like that but now, it is too hard to know who is telling the truth and who are scammers because as we observed, scammers are smart, they will make you believe in them due to their promising words. That is why I don't spend time listening to them because that only influences our minds. Yes, some are doing well yet they are just silent and keep low but these scammers, you can boldly see them on social media showing their (fake)trading success. Some people say not all in the social media are true, and they are right.

You nailed it OP. This is really true these days, some also use fake screenshots or fake profits from their trading just to gain popularity and some will use it to take advantage of people just to make money on them.
Especially right now, social media is already everywhere and accessible to many, they can now easily lure people.

And trading in general, once you thought you already figured it out. Tendencies are you actually don't. Market is constantly changing and you should continually learn from it. So success of mastering the market is an illusion.

You only master you trading system which will give you a positive result over time in a series of trades.  Too bad that some creates a fake profile and fraud people for image and personal gains. Trading doesn't work like that. Only who deserves and works hard makes money out of this consistently.

Therefore, knowledge is needed to test the level of effectiveness and everything someone says should not be followed. Trade and learn to do your best. It's okay to use other people's methods, but we also have to test. Practicing trading skills can be done easily but is a little more difficult when practiced directly in trading.

If you don't like it then leave them and don't need to follow anything they share on social media. The issue of whether someone is successful or not in trading depends on how they practice their skills and perhaps relying on other people is not always appropriate because we have to learn to understand our own analysis to achieve a level of success.

And nowadays unfortunately there are more people like that. Because basically sharing theories about trading is very easy compared to trading itself. I have even read a lot of trading materials to increase my knowledge in trading. But in the end, experience in the field is much more valuable. Because sometimes the theory in the field is not always the same as the theory explained in the book.

That's why I mostly avoid influencers. Because I realize that I am sometimes easily influenced. But I currently prefer to focus on my own development. But I think the people who give learning classes for beginners in trading are also quite helpful. But we as people who want to learn should not be too fixated on the theories they put forward. Because everyone's experience in the field is sometimes different. And produce a different understanding.

One thing I know is that their is no expert in trading. One of the mistake beginners expecially makes is having the mindset that the trading counselors on social media are expert. Many are not even successful traders but most traders so much rely on them  believing watching their videos can make trading go smoothly immediately. Like they always say no knowledge is a waste, traders can still grab the few things that are correct while watching videos on social media  but they shouldn't rely on it so much. After watching every video I think it is important to make research to be sure if every information are correct.  

Successful traders don't only dwell on information from people,  instead their own personal research makes one to be a better trader

That is the issue here, many of those that watch those people giving all kind of advice online, never really take the time to test if what they are being told is the truth, and the only way to do this is to sit down, grab a few sheets of paper, a pencil and start to paper trade the previous movements of the market and see if they are right.

And if someone did this, they will realize really quickly that what they have been told were lies or at best some misguided advice from someone that really does not know what they are doing.

Well, you can’t stop these people from doing their stuffs since they are seeing this as their own job. If they are making decent income from it, then there’s no reason that they will miss that opportunity simply because they weren’t successful traders in real life. We should not only put the blame on them, but for beginner traders, they should be responsible also to invest on their knowledge first and learn to filter whatever they heard from those social media influencers. If they can do that, it will be less likely for them to get scammed because they are also cautious towards their decision making with trading.

Whales move the market, someone's tiny dust can't change the Bitcoin's price and the rule of profitable trading is simple, buy low, sell high. Technically this is what those social media stars sell, this simple combination of words - "buy low, sell high". Those influencers are not whales, so they can't be successful in trading. They don't make their living from trading, they use trading to give you the show that will help them to sell their product. They make money from selling their courses, trading is like gambling for them, sometimes they profit, and sometimes they lose.

Your post is right and a good read for many people who fall into their scam. I hope many people will understand that when someone helps you to make money, they are the ones who are making the money and not you, so this help is fake.

That's true, but that's not the reason they can't be successful in trading. They're just not proper traders, that's all.

And something I keep repeating throughout the forum all the time every year is that most people aren't built for trading. Big majority of people lose money, that's a fact. And even among proper traders, over time, big majority lose money.

So these influencers are making money from other streams, be it affiliate or commissions, or simply selling their teaching product.

Trust me even if they are whales it's not gonna make them more successful AT trading.

This forum really opened my eyes to the naked truth that crypto trading is hard, because before then when I was hearing about trading from social media sites, it always gave me the impression that it's an easy way to earn money and become rich. In as much as there's an element of truth in this, the bigger truth is that crypto trading is risky and that's the fact, so no matter how it's sugarcoated like it's a short cut to riches, there's much loses in it and no matter how experienced and professional a trader is, they still experience loses. Trading should not be relyed on as an only source of income and traders, especially newbies should trade with the amount that they can afford to loose.

beginners should be aware of the difficulties of trading from the first time they try to trade. difficulty choosing assets, difficulty opening positions, and even difficulty determining targets.
most beginners just lie to themselves that they were just unlucky in their initial trading. they think they just need to try more. whether starting from watching or following influencer videos or getting support from friends. Trading is only intended for professionals.

Another factor is the use of the promotions its easy now to make a content into different platforms and share those stories in a form of text, post or videos to gain more popularity and not all the people are knowledgeable with the crypto or the trading itself so if those content creators earning a lot of money why not me those are the questions they as always problem and reason why they want to join in trading because they see an instant money.


If you have time to analyze, understand or make an investment with knowledge why not take a risk of it than taking courses which the same you can get in the internet, well possible we have different learning phases but think twice if its realty worth it?, i don't trust these signals after i learned about trading. As possible stay away with these things could be lead to scams.

Thank you for bringing this discussion up, I myself have once thought about this and it makes no sense if I have no proof to backup my claims, so I just let them be as a thought and not actually happening in real sense. Sure the social media lifestyle is fake and for the real ones, you can’t easily differentiate them online.


My thought about this was that if they are that good at trading and can make any money they wish to have on trading, why would they come out to stress themselves to teach people on how to trade? If they really want to help, they can offer this skills for free or even share the money by giving some quiz or take it to an orphanage home. There’s more to this because I feel they’re really hiding many things from the public that are willing to learn from them.


Trading is just sideways, sometimes you win and sometimes you lose. The best part of it is that you understand the basics and when you do, you can earn more profits than losses but without proper risk management, you can lose all of your profits in one day. Trading is hard but I still believe there are some few traders that are genuine but most of them are not and depend on those streams and audience they build on social media.


Many are scammers while few are legit. Just filter them out.

Of course, they don’t force people to believe on them so they won’t totally fall as scammers. They are just doing their own job trying to educate these people around that get interested to trading, although it comes also with their personal interest to increase their views and get high compensation. But I really do agree that it’s very improper to call them as scammers, maybe the term “influencers” is probably what’s best suit for them.

Yes, that's people nowadays, they are easily tempted by whatever they see, especially when it comes to money and usually they don't like having to go to the trouble of learning by themselves and creating their own knowledge to equip them to start trading or investing, they just want something straight away. instant and the only way that they think is very easy and simple is by following paid signals provided by groups that actually they don't really know about the truth of these signals and they also don't know whether these signals can really produce profits according to whether promised or not, ultimately in some cases more of them are caught in fraud and lose money.

On the other hand, I don't know the reason why it is so easy for them to put their trust, but one thing I believe here is that the urge to get rich quickly and instantly is in their minds, even though it is clear that success or success can never be achieved by means of depend on other people, even though yes maybe these signals are useful occasionally to gain profits but if for example they don't know the knowledge at all then clearly this situation will not last in the long term, the other thing is yes I also agree with you that now I really I don't believe in signals anymore, at first I was quite confident, but after I lost quite a large amount of money by following these signals, that's when I really felt traumatized and preferred to learn everything myself from the start, gradually.

Well said.

I have read most of the comments only to find out that most of the commenter know nothing just want to contribute with empty context. Am not doubting that some are scammers but for us to generalise it shows how dumb we are. If you ain't profitable yet, doesn't mean others aren't,  there are many possibilities in trading, you all watch the podcast, learn from them, but still talk trash about them.

Alright, why do you all trade,don't you have profitable friends, common we are more than this if they are faking it, it can be real too. Of course,  they offer value.
Let's stop this judgement, encourage ourselves and push on not comparing and giving opinions of others success, it just an antidote most of you are using to sustain your reason why you are unprofitable.
Learn.
They keep making money, you keep making comments.

I agree with the part that we all have a different way of learning and even we have different amount of time required to learn something. Let me show an example from myself without hurting anyone else, lets say I am some stupid person, and it takes me 9 months and a lot of different ways, like videos from many people, many written things, and a lot of podcasts etc etc, and I barely learn how to trade, whereas what if there is a person out there who watches a few videos from single person and becomes a great trader that way?

I think that's the most important part and I believe that will benefit everyone. This isn't always that radical and big difference, person to person difference could be tiny, but in the end we all have different ways to approach this situation in the end.

Yes it is true that those content creators who do the promotion do not force the audience to get involved in the world of trading or get involved in the broker they are promoting, but I think that is the scenario of promotion where they do not force people to join and get involved but on the other hand they show something that looks very tempting like "trading can make you rich" and obviously with this idea alone most people might quickly make the decision to get involved in the world of trading promoted by the content creators.

On the other hand to say that they are a fraud may be too harsh words but yes in the end there is still a little element of deception where they content creators usually only promote or show something that looks tempting but does not include the risk that can never be fully tolerated where people who see it and who feel attracted they will put too much hope that in the end makes them surprised when the actual facts in trading especially when experiencing dominating losses.

Successful traders are careful about whom to tell and share their stories with, and they seldom show up in public saying they are good traders as they prefer to remain anonymous despite their great achievements. And yes, those illusionists and fake traders have big mouths talking here and there, yet they achieve nothing aside from popularity. That is why I don't admire people who keep proud of themselves because I know that trading is not an easy game but these influencers saying the opposite about it.
Some people say that not all the things and success stories we hear on social media are true, most of them are scripted.

Influencers make their life out of their fame, if they lose their popularity then there is no more opportunity for them that is why we often see them saying something even if it is just BS to keep them in the spotlight and media influence always attracts people irrespective of good or bad things going around them.

Some stories can be true but it just happens cause they were at the right spot at right time or we can call it as pure luck.

     Honestly the other youtube influencers who offer the trading course are their guidelines to teach if we are just observant that they also have a variety of youtube accounts that the theme
or niche is about trading Tutorials in accordance with the experienced of others as well.

     All they did was chopped it, revised, and a combination of various ideas of content creators and then they could create a tutorial about trading either cryptocurrency or forex.
And others often use it so that they can scam other people who are innocent and ignorant of this field.

Well because that's the reality in trading. You can truly make money like your annual salary for a day instantly. BUT the questions is, do you have the skill to make it consistently and to keep the money you are making or maybe you are just gambling. Because that's the fantasy most traders are submitting to. They thought success would be earning the million but the truth is how to they are able to keep that million and make another million the next month.

Success in trading is possible but it is not guaranteed. Only those who are willing to pay the price early on can catch up with the rewards of it. It's no get rich quick. It takes years to make money in a day.

If we don't have any other option then surely we can get idea about trade through various youtube if one has such chance that directly through his relatives his relationship will gain enough gear of course it is much better to discuss about trade face to face than youtube. But this option is not available for all those who don't have this option surely they can gain enough knowledge to trade through youtube and get some idea about the trade. Those who are new to trading must acquire enough knowledge about trading and then trade with a long term plan.

That is 100% true and all those people who go "trade like me and get rich" are people who won't get you make a lot of money. I knew a guy who turned 8k into 3.2 million dollars and he never shared anything about any of his deals, he never told us to buy anything or sell anything, he never even gave us responses when we asked him if one thing is good or another thing is good.

I believe that we could probably consider the situation getting out of hand if we let these people go about, so we should probably consider putting some law on the people who suggest what others do with their money. If you suggest someone to buy something, then you should be held responsible, it shouldn't be free to do that, you are not a wall street bank, you should probably consider that as illegal.

Warren Buffet is considered to be among top successful traders and he along with other top investors are never seen sharing there ideas or investment strategies with other. Social Media platforms like Youtube are a source of income for people who have zero experience of trading but they earn because people are buying there online courses or providing views to there videos. Following such people is wastage of time and effort. I only follow few recognised names on Youtube like Michael J. Saylor. If you want to follow someone on social media then make sure he is a credible person.

I'll add another reason. Teaching inherently brings a guaranteed profit and can never bring a loss, which is very often faced by traders. In addition, you do not need to hold a large deposit that would allow you to trade.

We just need to to discern between them all. But the generalisation in this thread is alarming, I know there are many fake gurus now that rely on selling courses and all that but that doesn't mean, others  ain't profitable.

In case you don't know Warren Buffet shares his idea on media handles, even on his firm social, it is even more dumb to think those that don't share ideas are the profitable ones.
How then will you know the credible ones, if you haven't seen or heard them talk about there success and work proving it.

You cant blame them considering on how rampant those fake gurus are then you would really be expecting that there would really be that sort of generalization when it comes to this matter and this isnt something that you could really be make yourself that stop people on saying on things that they do have in mind. This is why it would really be best or better that you should really be sticking into your own method and finding up ways
on making yourself that better specially with your trading. There's no other that could help you out in terms of your trading skill enhancement or whatever improvement you would really be having. Trading success is something that could really be achieved but of course it would really be expecting that it would really be not an easy path to take by a certain individual on which it would really be a common approach for you on
needing to realize it along the way. Dont make yourself in a haste on learning up because this would really be creating that huge path to make mistakes and errors.

Just make it slow but having that sure kind of approach because you would really be able to assess out on whats happening around and on what are the actions that you would really be needing to
to consider on doing do. It would really be something that you would really be needing to do so along the way.

It's obvious people preach and teach what they can't perfect if being put into practice, I wonder how videos and teaching about trading sell on YouTube cause after watching and watching newly traders still don't understand. Talking about signals, from my view signals is just too over hyped and I don't like the fact people spend their money on signals, why not try a physical class where you can see and practice alongside with the person teaching. If talking about the money involve trading has to do with money talkmore of the learning process. That's why most people consider trading as a difficult task but the only stress involve is avoiding the learning process

They know this is the only way they can make money fir themselves. If they should go into trading their is nothing for them because they have learn trading to gain profit from it. One thing I noticed about people like this is that if they claim they are expert and have some trading lessons to give out, people would want to listen to it because they need help too learn in online lessons for them to be able to make profit from trading. Every trader on online platforms are claiming to be professional traders.  Because of the numbers of fake traders on social media I will prefer new traders to go for a physical trading academy to learn trading better than what we have on social media.

Is it true that the hope of success in trading is just an illusion for some people? I think, yes. Moreover, if we don't do it well and with full preparation, then it will only be an illusion, without becoming a reality. Except for anyone who really works hard and intelligently in preparing and carrying out betting, it will definitely not only be an illusion, but it will indeed be a person's path to success.

It's just like scammers under the guise of investors or anyone who considers themselves a professional trader and wants to share tips for being successful in trading. and in the end we have to pay. Yes, but as a rule, many of you are interested and end up joining. Or many people experience FOMO because these successful influencers influence them. So indeed this will really depend on the mental readiness and insight and knowledge of the prospective traders themselves.

The courses you can attend offline are many times more expensive than what you can find online, and very often you will find the same people you can find on social media, so good luck trying to learn anything from them.

If people really want to learn how to trade then they need to learn the basics on their own, and once they have mastered those principles they can buy a few books that were actually written by expert traders and learn from them, but this is difficult, time-consuming and boring, which makes it incredibly unpopular among most aspiring traders.

Yeah, but shouldn't we also blame those who are getting easily influenced by what they are listening to or watching? Isn't it the responsibility of an individual to do their research before they get involved in anything, especially if it involves finances? I think it is, and someone should do their research regardless of what they read, watch, or listen from anyone in the world.

It's understandable, but again, one shouldn't believe in anything they think is too good to be true. So, if someone is promoting a certain thing by only showing its positive sides, you should do your research to find out the negative aspects because nothing is perfect in this world.

Before the month of March, I was engaging myself some scalping of sol/usdt and ftm/usdt due to the liquidity and trend going on with the coins and then I remember I had some telegram group I joined in the last bullrun to compare some chart with my technical analysis and I was surprised how some of these groups where abandoned, seems the real owner change mind from trading and scammers where just posting nonsense and Vip groups. I knew I was done and I left the groups.

There were some of them that would share gains from special groups, they call it paid group but what they do is that they don't share the real PNL screenshot from their trade, they just would just forward some shitty write up as profits to convince others in the general group and I'm very sure that there will be some scumbag and greedy people that would actually fall for them.

Instagram is the worst of them, you see fleet of cars and many decorated house, only an ignorant person from a family that is not well fed will believe such images, too good to be true.

It would really be just that such a waste of money if you do find yourself that believing into these things on where you are really that believing that it does work and give out assurance that it would be precise.
Considering that tools and other learning things could really be searched online and thats something for free and this isnt really that needing up any strings for you to do but only having the effort on how you would really be searching up into those things and would really be able to learn it up. Somewhat there are really just that people who doesnt really like on getting hassled and this is why they would really be going up on getting those kind of subscription because they do want or like on easy path but of course learning would really be still fall down into your own hands on how you would be that be fastly
be able to get grasps on everything that you've been told into.

From what I said earlier I have not led to a statement about who should be blamed because previously I only said about the scenarios carried out by content creators who do promotions or advertisements, but if the question is who should be blamed then of course both parties must be blamed, I mean the content creators are clearly the first to be blamed for showing something that doesn't match the reality and the second is as you said that the audience is also clearly to blame because they don't see things from various sides first and don't do a thorough consideration first using common sense and a rational point of view, But on the other hand we can't rule out the fact that that's what happens where there are always some people who are really very easy to be tempted by something that basically doesn't make sense and looks odd, another thing I would say is that the content creator or someone who promotes is the one who "triggers" the problem and the audience who sees is the one who is affected (even though they are also wrong), so what should be eliminated here, the impact or the trigger? ;)

Whether scripted or not, they are exaggerated for sure because any person who shares a success story over the internet would barely let their audience know about their failures which is a flaw in itself. Successful people don't need to hide their failures because they have overcome the failures which is how they got successful. Your success is fake if you are afraid to share your failures, it means you are faking the success and making a fool out of the people you are sharing it with.

As you said, successful people barely need to announce it to the public, they don't need to do that because they know they aren't going to get any benefit out of that. Showing off is never what successful people like to do but it's those who are fake who would show off while using fake stories and stuff.

Hahah nice one bro it was a pleasure in reading your defended statement. It's whether that you don't know the truth behind this dark side of crypto or either you are attached by yourself into this whole drama.

No one I repeat no one should be allowed to sell courses and earn from it because it has a lot of side effects than the positive ones.

What are the effects?
What is the dark side of crypto? Stating a fact without backings is arguably wrong Mate.
Selling of course is same thing like selling book with different authors and variety of ideas. I always emphasise on the need of us know, cautious and also aware of those "gurus"who pose as one but not really, but generalisation is wrong. There are potential buyers who want to learn so they will buy, and is also a source of income they exchange money for value. We all sell ideas, if not why are you writing on the forum? You should be charged for selling ideas.

I read that these days people are selecting their political leaders in some democratic countries by getting influenced by social media posts. I mean in trading kind of high sensitive and money involved environment, you can easily deceive people by showing edited proof. So, I agree with you that we cannot blame people for getting influenced by another trader. 

If one wants to learn something then one must be committed. I understand that your or my abilities may differ, no matter where you learn the trade from, you need to be very patient and give enough time. Learning trading from just one YouTube channel is a very difficult task, very few people are able to learn from such options. If you want, you can definitely learn about trading from YouTube if you are motivated, but I think the best option is to learn about trading practically with an expert. While learning to trade, there will be shocks, but the most important thing is to prepare yourself day by day about trading so that shocks can be easily dealt with.

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

That's how trading is, sometimes it is very easy to learn in theory but difficult to practice. Being able to teach many people about trading does not necessarily mean you can make a lot of money from trading, so it is not surprising that many influencers make videos about trading, and quite a few even sell promises to influence many people to gain benefits from advertising and so on.

In essence, we are required to learn about trading from anywhere so that our knowledge about trading can be broader so that in making trading decisions we can also minimize risk. You can learn anywhere, starting from this forum, YouTube and other social media, but we also have to have the principle of not swallowing what has been explained in its entirety but still have to do independent research before investing.

What you are saying is true. I have seen many such fake guru traders, but what they are saying is far from the truth. It seems that it's just for the sake of content that the only aim is to get views, just like that; there is no other reason.

And such fake gurus can usually be found on social media platforms such as YouTube and others, so we should be wise in researching or studying trading about this in crypto.

That's why there's  a rule in this space. Don't count other people's money. Because you don't even know if its real or not or if it's even theirs the first place. Regardless, it has nothing to do with you. Only distraction it can give and false projection of success. Because success in trading is real wealth. It is the ability to maintain current expenses and be able to live a lifestyle that could inspire other people's lives. Some traders nowadays on advertisement makes money on their courses thy are selling and not in the actual trading they are introducing.

"You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work...."

Actually trading can be really easy - not hard work at all - if you have a large bankroll and aim for many short-term profits with little concern about which direction the market is actually going next. How? Figure it out newbie...  :D

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

It is really just that too unbelievable that there are those people who are really just that too dumb on not to notice up with those things.Whereas, if they would really be just that making use of their own common sense then they would be able to point out that following someone who doesnt really even know that on what they are talking is really just that a complete suicide. Yes, i have noticed out too with those so called influencers or to those trader wannabe's as if they are really that knowing on what they are doing. They could make out those sell and buy orders but if you are someone who do have that kind of idea on what it is and the other things that involves with it then for sure you would be laughing with those wannabes.

On the time that you do get involved with trading then it would really be just that right that you wouldnt be expecting something positive. Always take up the market that its always been that unpredictable
on which unexpected things could really happen on point. This is why you should really be needing up to prepare yourself so that you wont be ending up on having that disappointment.

Addicted to the answer. This phenomenon has been felt to fail several times by them but the whispers continue to come haunting. The money market is indeed very tempting and quite a lot of money is charred in the market, not to mention those who play features hit by liquid.

I also feel this way and it is quite hard to lose money, especially the desire to get rich quickly that is put forward.

Yh. It true, some just have brand not necessarily mean they are traders, they have income from streams, courses and mentorship. Though I believe in the principle that if it is faked it can be real, so champs you keep pushing regardless and be cautious cause this Trading world is made up of people who want to show results just to please the crowd thus end up losing focus and lead to no good.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

Content creators as the name goes are for content purposes and often share less valuable knowledge and show more results which are often fake just to lure newbies especially to there mentorship or signal group to increase there income.
Imagine running a mentorship programme for 1,000 persons at $200 that equating $200, 000.
You can see yourself how much they generate which some can't pull from trading actually.

In essence,we just need to discern or follow those that align with what we practice in our trading journey.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

Trading is a never ending learning thing on which you would really be able to learn up new things basing up on the market condition that you are really that dealing with.When we do speak on how to deal up with trading then this is something that should really be dynamic or something that should really be versatile because in the moment that you wont really be that having such behavior then you would be having a hard time on making yourself handling into this volatile market. Dont rush yourself on being that profitable because profit making will really be that definitely be coming or would flow on the moment that you are doing the right trading.
Usually the most common mistake on here by those newbies or who do just started trading is that they do really believe that they could immediately get those profits.
Success isnt something that could really be that assure on the moment that you would really be doing trading.

This is of course quite a wrong move, I wouldn't say blackmail is the right way to go, it doesn't really feel like that, but at the end of the day we are talking about something that will not be all too simple, and people who are not careful will end up with a lot of trouble.

Newbies who do not know what they are doing will end up with a wrong move, and they should consider what they are doing as a wrong move as well, it is not that simple and unfortunately too many people find that to be a simple way to make money and they are convinced that these people could end up teaching them how to make money and get rich. These people basically getting fooled to believe what can't be done is actually possible usually ends up losing all their money.

Newbies goes through all those disappointments because they jump into trading without any basic knowledge or practicing via demi account and the biggest mistake they do is listening to some crypto experts who shares anything and everything for more views as a result newbies instead of understanding the trading concept they follow signals by joining premium channels. Only we ourself can help us by doing proper research and understanding the candles and patterns. I would say practicing at demo account is must.

If it's actually that easy to make money from trading, many content creators on YouTube will not create a single videos but because they know it's not easy and it's easy to teach basic and earn money from content l ads, that's why many of them choose to do the videos instead and then some of them try to make them join Vip trade where they get signal but the reason why many of them don't get casted is because they do it druring bull run when literally anyone can trade own their own.

I just believe that anyone can be a good trader but it's doesn't mean it is always that rossy, even professional traders make losses but because it's normal to lose and hard to make money but the real trees will always stay no matter how difficult the market is, the losses are the ones we see making videos and give advice they can't do by their self.

As much as the trading market is uncertain and unpredictable, the coins you trade as well cannot guarantee trading profits all the time. That’s the reason why in trading, we should be more cautious on what to trade and if trading this time is favorable, otherwise you will end up trading the wrong coins and trading while the market is not favorable to trade.

Trading has its inevitable challenges. So never stop learning new strategies to win in trading, as thats the only key where you will gain highest advantage to win from your trades.