Please be careful with traders who....

[goaldigger]

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

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

It would be a distraction."

Saw this tweet just now.

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

Will not go deeper. Hope you got the picture.

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

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

[samcrypto]

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.

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

[jhongzjhong]

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.

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

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

[Vispilio]

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

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

[beerlover]

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?

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

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

[Siren]

"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."

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

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

[beerlover]

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

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

[shoreno]

Thanks mate for your advice, but why are people still relying on the help of pro trader to help them trader, could it be lack of knowledge, time or laziness, because the pro trader acquired the knowledge the same way they can too.  

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

[kakonhat]

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

It would be a distraction."

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

[GreatArkansas]

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

[bitcoin31]

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

[--DarkSecrets--]

"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.)

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

[moynul2050]

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

[darasinmi4show]

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

[Timmzzy]

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

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

It would be a distraction."

Saw this tweet just now.

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

Will not go deeper. Hope you got the picture.

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

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

[Timmzzy]

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

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

[akram143]

"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.)

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

[BitHodler]

Definitely I devoted my time to learn trading through some WhatsApp groups and as well as telegram groups too and also meeting some pro on (TV) tradingview.

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

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

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

Day trading is something I avoid at all cost.

[BlueStackz]

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

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

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

[dentolas]

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

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

It would be a distraction."

Saw this tweet just now.

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

Will not go deeper. Hope you got the picture.

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

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