AmoreJaz
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November 30, 2023, 09:27:04 PM |
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I am glad that there are articles to back up my observations. I didn't even have to read these articles or studies to come to the conclusion. This is was just from natural observation. I just noticed that - increase in YouTube channels of trading influencers. - increase in the number of Instagram channels with traders showing off their set up and charts. - TikTok videos of trading influencers directing viewers to some links to buy a course
It is just crazy. These people trying to make money off novices and recycling old trading stories.
The research over the previous decades has shown that this is consistently the truth, even when the stock market was experiencing an unprecedented bull market most traders were still losing money, what those influencers are doing is nothing more but to play with the greed of people by promising them they can obtain profits if they follow them or if they buy their products, however once people finally understand that stat and admit they are no different than all of those traders which failed, that is when they will have to take a difficult decision, which is to give up on trading completely or finally decide to make the effort to research the markets on their own and stop looking for the easy way out. the so-called influencers are just earning because of the subscribers, ads, views and maybe not because of their trading activities. most of them are just faking their trading results and maybe just showing their few profits and not their actual losses. if they are really doing good in their trading, they don't need to show it to other people as they won't have time anymore.
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Hypnosis00
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November 30, 2023, 09:41:41 PM |
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Sad to know about it but yeah, only a few traders make their journey profitable. The reason why the majority had suffered losses is because - they are impatient - lack of knowledge
All of these things happen because of the influence of these social media influencers saying that they can make money easily and showing trading tips that never work in real life. Many have been fooled into such ads and they face the consequences of losing their money.
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Japinat
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November 30, 2023, 09:47:12 PM |
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If you have been trading in the market for long, you will realize that successful trading never happens easily, and that it never happens to most of the aspiring traders especially if they lack the skills and strategies to trade. So it's not actually surprising why majority of the crypto traders are not successful, some just pretend to deceive the people who dream of becoming successful traders.
The only way they gain an income is through making contents about their trades and make people believe that they are good and reliable traders. You will only know this is you start trading by yourself.
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nurilham
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November 30, 2023, 09:53:10 PM |
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Trading can be profitable or it can be give you a loss if you didn't know how to make trade but in my opinion if we start trading from a small amount and we should take profit even s small it will be give you a good benefit after few months and most trader are not profitable because they are getting penic the most affected thing in a loss in trading is penic if we regret this thing from our trade we will In profitable
Indeed, if we don't know how to trade properly, we possibly get losses. The problem is there are many new traders who have lack of knowledge and have bad mentality. They don't want to take time for a deep learning, they prefer to trade and think they can learn while trading. Because they have lack knowledge, they easily feel panic when they experience something unpredictable. For example, when there is a big dump, they probably decide to do panic selling because they think crypto market is no longer a proper place for trading. They are also very easy to be influenced by FUD because they don't really know crypto world.
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mirakal
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November 30, 2023, 11:35:13 PM |
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Sad to know about it but yeah, only a few traders make their journey profitable. The reason why the majority had suffered losses is because - they are impatient - lack of knowledge
All of these things happen because of the influence of these social media influencers saying that they can make money easily and showing trading tips that never work in real life. Many have been fooled into such ads and they face the consequences of losing their money.
Mostly, traders trade for greed so they end up looking for quick profits and eventually fail on their trades. Sad reality, that's why its not surprising to see traders hunger for profits because they were never profiting in reality. While most of these traders have less knowledge and less experience in the trading market, then they really are doomed to fail and lose their trades in the process. However, trading can be learned in time, that is if patience and persistency are established. Without them, there's no way a struggling trader will succeed.
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poodle63
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December 01, 2023, 12:54:43 AM |
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Sad to know about it but yeah, only a few traders make their journey profitable. The reason why the majority had suffered losses is because - they are impatient - lack of knowledge
All of these things happen because of the influence of these social media influencers saying that they can make money easily and showing trading tips that never work in real life. Many have been fooled into such ads and they face the consequences of losing their money.
so much influencer trying to paint that image where trading could be done so casually and still make someone a millionaire thats not true at all. most of these influencers profited off their refferal links or through their so called trading tutorials and book but we all know these influencers are probably losing big time in their personal trades and they won't even disclose it. otherwise if they kept on profitting they would show off their trading histories 24/7 but nah only very few of their history were shown and that already filtered only with wins. thats the thing with trading its difficult yet people seem to underestimate it and also have that feeling of overly inflated sense of skill that they have that they'd just bringing money for the whales. even veteran trader with all the knowledge and experience would still fails many time.
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justdimin
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December 01, 2023, 06:24:32 AM |
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Unfortunately, trading isn't something that everyone can achieve and it takes a long time to make money by trading. This is because financial markets are complex and it is almost impossible to make money in them without a fair amount of experience. Yes, unfortunately many people who define themselves as professionals cannot earn a profit by trading because trading requires not only experience but also the need for a person to plan risk management correctly and control his/her emotions.
On the other hand, the fact that many new individuals are included in the cryptocurrency markets and that these people are generally inexperienced in the financial markets or cryptocurrency markets causes the percentage of people who can make a profit by trading to decrease.
I think it could be about personality of a person as well, maybe I am wrong but I just have a feeling that some people just can't be traders, they just do not have that chip in their brain, they do not enjoy it, and they do enjoy a lot of money just like everyone in the world and they do want a lot of money but trading is not their way, so they do try to make money with trading even though they do not enjoy it, and that results with them not having any return at all, which is of course normal. I believe that could be the issue, it looks like we are talking about something that may not be all that crazy and maybe something simple, it's just not right for everyone. If that's the case, then it is normal some people just stop quickly.
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LogitechMouse
Legendary
Online
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December 01, 2023, 06:57:54 AM |
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~ The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.
Thanks for posting this. Now I realize that trading is not really for me because I tried trading 3x already, and lose 3x, and I'm done losing my money thru trading. These so-called traders in YouTube? Can you call a trader a "trader" still even though they are losing money constantly? I mean if they are trying to find a way to earn like doing doing Youtube videos to have ads, and affiliate program then they aren't traders anymore, but they can be called as Youtubers, or maybe "shillers". Some are scammers unfortunately. There are many reasons why most of the traders tend to fail. Lack of knowledge, lack of patience, wrong decisions, emotions, etc. Trading is accessible to everyone, but not everyone can be a successful trader.
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EarnOnVictor
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December 01, 2023, 11:12:23 AM |
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Trading might not works for everybody and that’s why they have to look for other options to make money and that is fine. If you are in trading, you should know how to make profit and know when to buy and sell because its all about your discipline and of course all about your strategy. Though I don’t agree that if you lose in trading you can just do your trading signal, affiliate or do a trading channel because how can you convince someone if you are losing in trading? This is still not a sure profit though.
most people want to do what others are doing and forget that everyone has a different destiny I know is always good not to give up but forget that if trading does not favor and the person is still interested in Bitcoin you can just hold instead of give to much attention to what does not favor you since all are still part of investment in bitcoin but some people if they trade and it is not favoring them they will keep trading and to me it is a waste of money. and trading is not about buying and selling alone you should not what you doing know what to do and what not to do. I don't know how to do analysis but getting it from channels if it helps then it is good because it is always good to learn from others. Destiny has nothing to do with trading and investment, though the two could be the sole source of income for some people, nevertheless, they are still mostly used as a means to earn massive income. This is why when you trade or invest, you can still follow the path of your destiny as the two are not burdensome, they are just what you do when you have the chance, and life still goes on as if you did nothing. I trade every day and I don't think that it takes up to 20 minutes of my time daily in accumulation. In light of this, I believe that anyone that is so desire to learn and give trading/investment all that it takes to be successful in them can really be successful, all they need is to believe and act. As a trader myself, I like to encourage people about trading because it's somewhat free money, all it requires is for the person to truly know it and he will ever be earning without stoppage. I never knew I could get to the experience level I am today and if I'd downgraded it the way you just did, I wouldn't have ever hit it. This is the power of perseverance and I am very sure that everyone who has time can trade well to earn consistently, only that many have not located the right ways of trading yet.
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passwordnow
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December 01, 2023, 11:46:35 AM |
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Most of the influencers are talking BS to their viewers and because they know how to tickle the minds of these people, they are easily offering such things that they can sell to them. And it's true that not all of them are profitable to say that they're only encouraging people to trade but the risk that they take isn't seen to the viewers.
Much better for people who are fans of these influencers to just look at the good things they say. But you need to take caution to yourself that you also need to be careful that not all the things they say should be extracted to you as wisdom and knowledge. Because you don't know that all of the things they're feeding the watchers to be as good and effective to them.
There can be some that might effective and working in trading for some of the viewers but always remember that it's not for all.
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benalexis12
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December 01, 2023, 12:37:22 PM |
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Sad to know about it but yeah, only a few traders make their journey profitable. The reason why the majority had suffered losses is because - they are impatient - lack of knowledge
All of these things happen because of the influence of these social media influencers saying that they can make money easily and showing trading tips that never work in real life. Many have been fooled into such ads and they face the consequences of losing their money.
Actually, in the reality that happens in the actual trading of exchanges here in cryptocurrency, most of them do trading, but the majority of them also do not get much profit from it, and if they do, it is slow. So the best thing for them to do is that if the same thing happens with what they are doing, they should hold it long-term while they study it, and at least the capital they use in the trading activity they are doing will not be put at risk. .
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Kasabus
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December 01, 2023, 01:47:02 PM |
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Not all those who trade are in profits, some are just trading but still suffer in losses. Although there are still few who are genuinely profitable traders, but the rest are just showing of fake trading results and hide their real trading losses. That's when crypto influencers arise and offer too good to be true trading strategies and claim that they really profit from them, but in reality those strategies have not been tested and do not guarantee successful trading outcome.
Just think of this. If what we see in youtube are really profitable traders, then they don't have to bother anymore asking for our subscriptions and watch their videos. They should focus instead on their trading activity if that really gives them sustainable amount of profits, and not waste their time making contents for their youtube channel.
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leonair
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December 01, 2023, 01:47:30 PM |
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Trading can be profitable or it can be give you a loss if you didn't know how to make trade but in my opinion if we start trading from a small amount and we should take profit even s small it will be give you a good benefit after few months and most trader are not profitable because they are getting penic the most affected thing in a loss in trading is penic if we regret this thing from our trade we will In profitable
Indeed, if we don't know how to trade properly, we possibly get losses. The problem is there are many new traders who have lack of knowledge and have bad mentality. They don't want to take time for a deep learning, they prefer to trade and think they can learn while trading. Because they have lack knowledge, they easily feel panic when they experience something unpredictable. For example, when there is a big dump, they probably decide to do panic selling because they think crypto market is no longer a proper place for trading. They are also very easy to be influenced by FUD because they don't really know crypto world. To be successful in trading, you must first gain good knowledge about the market and then learn to analyze price charts well. And on the other hand be aware of all the news about crypto. Then you can predict the price of any coin. And you can profit through trading otherwise you will lose in trading. Those who do not have special knowledge on these issues are the ones who lose in trading. Because of this basically not everyone can profit from trading
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Inwestour
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December 01, 2023, 02:05:01 PM |
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To be successful in trading, you must first gain good knowledge about the market and then learn to analyze price charts well. And on the other hand be aware of all the news about crypto. Then you can predict the price of any coin. And you can profit through trading otherwise you will lose in trading. Those who do not have special knowledge on these issues are the ones who lose in trading. Because of this basically not everyone can profit from trading
News will not help you predict coin prices, this is a big misconception, all that news will help you is to try to predict the further movement of Bitcoin, and therefore the entire market. But especially recently in the news, I see a lot of speculation, when false news is thrown at us, the market reacts to it, but this turns out to be a trap that many traders fall into. So we need to follow the market and the news, but we also need to be very careful and check the information that is presented to us as positive or negative for the upcoming movement.
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MIner1448
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December 02, 2023, 04:34:44 PM |
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It's true that many traders have difficulty achieving consistent profitability, and the percentage of successful traders can be quite small. This is because trading in financial markets involves significant risks, and not everyone can successfully manage these risks. An interesting point in your point is that some traders who are not as successful at trading may find other sources of income, such as creating content on YouTube or providing training courses. This emphasizes the importance of a diversified approach to financial activities and finding additional sources of income. At the same time, truly successful traders, as you noted, often prefer to focus entirely on their trading, avoiding additional activities. This may be due to the fact that trading requires constant updating of skills and market analysis, which requires significant time and effort.
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Mate2237
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December 02, 2023, 05:00:09 PM |
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Exactly some traders are claiming that they are making profit from their trade. Many of them are even done by their instructors. Their instructors would tell them the time to enter the trade and the date to start the trade. They are not doing it by themselves but guided by others and the profit is very small. I know of a friend who was doing this kind of trade and instructors ran away with the funds they deposited to the his account to trade and everything stopped there.
There is profit in trading but if only the person can trade well and understand the market strategies then there is no way he would not make profit but fake traders full the market.
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Bushdark
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December 02, 2023, 06:09:47 PM |
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Exactly some traders are claiming that they are making profit from their trade. Many of them are even done by their instructors. Their instructors would tell them the time to enter the trade and the date to start the trade. They are not doing it by themselves but guided by others and the profit is very small. I know of a friend who was doing this kind of trade and instructors ran away with the funds they deposited to the his account to trade and everything stopped there.
There is profit in trading but if only the person can trade well and understand the market strategies then there is no way he would not make profit but fake traders full the market.
The reality of trading can be very confusing especially when we are not making profits but we are always posting for other to see the profits we had made when we make little ones. This is one of the reasons why many traders will keep selling trading strategies and pattern of trading which does not works always. We need to be focused and make sure we don't become victim of buying low profitable trading strategies. Selling of trading strategies can be very profitable to those traders that do claim they have winning strategies.
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tvplus006
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December 02, 2023, 10:07:07 PM |
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...When it comes to actual traders, even the novice ones, their trades are a lot more profitable than just 5%. Simply because if it were any other way they would have left trading a long time ago as they'd ran out of money to trade with.
Well, if we focus on the statistics of the forum, then it seems that it is these profitable traders who are next to us. This is especially noticeable when you read topics created by newcomers who not only talk about their successful deals, but also offer their signals on a paid basis.
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Ben Barubal
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December 03, 2023, 01:14:04 AM |
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I am glad that there are articles to back up my observations. I didn't even have to read these articles or studies to come to the conclusion. This is was just from natural observation. I just noticed that - increase in YouTube channels of trading influencers. - increase in the number of Instagram channels with traders showing off their set up and charts. - TikTok videos of trading influencers directing viewers to some links to buy a course
It is just crazy. These people trying to make money off novices and recycling old trading stories.
The research over the previous decades has shown that this is consistently the truth, even when the stock market was experiencing an unprecedented bull market most traders were still losing money, what those influencers are doing is nothing more but to play with the greed of people by promising them they can obtain profits if they follow them or if they buy their products, however once people finally understand that stat and admit they are no different than all of those traders which failed, that is when they will have to take a difficult decision, which is to give up on trading completely or finally decide to make the effort to research the markets on their own and stop looking for the easy way out. the so-called influencers are just earning because of the subscribers, ads, views and maybe not because of their trading activities. most of them are just faking their trading results and maybe just showing their few profits and not their actual losses. if they are really doing good in their trading, they don't need to show it to other people as they won't have time anymore. That's true; the other influencers are really just chasing views; their earnings are a lot of lies that they say they got from the trading they did, but the truth is that the earnings come from being influencers because they are often paid by an advertisement company. This often happens, so the majority of influencers are self-proclaimed, which means that if you have a deep understanding of trading, you will see and notice that there is something wrong with what they explain about trading. In short, they are pretentious experts or trading mentors, but not indeed.
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Mauser
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December 03, 2023, 08:44:19 AM |
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A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are - starting a YouTube channel and making money of a) affiliate program b) YouTube ads
I don't think this is true, 95% of being unprofitable would mean that the lucky 5% is accumulating all the wealth in trading which doesn't seem to be the case. Why would so many people keep trading if they are not making any money with it? At least for me trading was very time consuming in the past and I would always consider my time spend on research and rebalancing my portfolio as an opportunity cost. Which means that my profits need to be much higher than the what I would earn risk free and without spending time in my savings account. Everybody can have a bad month and make a loss, but doing so over a longer period of time should let us change our tactics. One argument against 95% of traders being unprofitable is that trading is zero sum game. Everything that we win or lose has to come from somebody else, which means in a perfect and complete random world the chance between winning and losing should 50/50. So even if there are some really good traders, the difference would be 40/60 at most. The traders on YouTube or social media seem to be a very small fraction of the overall trader population and I wouldn't use their mediocre performance as a justification that the majority of traders are having the same returns.
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