The Illusion of Trading Success

[Alphakilo]

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.

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[Oshosondy]

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.

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.

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.

I see this as scam.

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

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.

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.

[sheenshane]

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".

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.

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.

[batang_bitcoin]

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 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.

[senyorito123]

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.

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.

[BitMaxz]

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.

[tbct_mt2]

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.

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.

[Nheer]

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.

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.

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.

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.

[Zigabel]

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.

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.

[poodle63]

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.

[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.

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.

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.

[Assface16678]

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.

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.

[nelson4lov]

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.

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.

[Pleasant_Tree]

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. 

[logfiles]

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.

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 

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.

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.

[freedomgo]

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.

[mirakal]

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".

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.

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.

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.

[pooya87]

It's as simple as that, there's no successful trader in trading.

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"...

[naira]

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.

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.

[traderethereum]

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.