The Illusion of Trading Success

[nara1892]

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.

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.

[1715161777]

1715161777

[1715161777]

1715161777

[Bravut]

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.

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.

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.

[tygeade]

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.

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.

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.

[Dewi Aries]

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.

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 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.

[Natalim]

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.

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.

[jrrsparkles]

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.

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.

[Ben Barubal]

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.

     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.

[Natsuu]

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?

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.

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.

[B2Z]

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.

[justdimin]

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.

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.

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.

[WatChe]

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.

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.

[tvplus006]

...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...

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.

[Bravut]

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.

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.

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.

[Mahanton]

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.

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.

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.

[Miles2006]

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

[Y3shot]

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.

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.

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.

[lalabotax]

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.

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.

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.

[wxa7115]

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.

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.

[fullhdpixel]

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.

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.

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.

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.

[Cookdata]

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.

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.