Please be careful with traders who....

[leowonderful]

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.

[mcrey11]

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?

[creeps]

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.

[Capt00]

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.

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.

[TravelMug]

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?

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.

[Lakai01]

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?

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.

[Caladonian]

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?

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.

[LimLims]

"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.)

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.

[emmybd]

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.

[LogitechMouse]

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 but I agree with what you said. "Most successful traders are too busy trading, they don't have time to teach. "

[Idrisu]

"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.)

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.

[lionheart78]

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?

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.


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. 

[Lakai01]

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.

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!

[Bttzed03]

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?

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.

[alyssa85]

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.

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.

[playboy654]

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.

[maxreish]

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.

[izanagi narukami]

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

[leea-1334]

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 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.

[zhekinsp]

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.