The Illusion of Trading Success

[alastantiger]

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.

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[Rengga Jati]

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.

Seriously, this is true.
Even from them, we seem to see how easy and easy it is to achieve success in crypto trading. Obtaining high profits and getting instant success seems so easy, especially if you follow their paid signals and also subscribe to their channel. it seems as if it is so easy and convincing.

And it's true, just like an illusion. because in reality, it's not that easy. Becoming successful in trading is really difficult and complex. It cannot be done spontaneously and instantly. There will be many processes that actually have to be gone through, including understanding how to trade, how to set a strategy, how to analyze the market and its indicators and how to make decisions. Loss to loss is always approached as learning from personal experience. Yes, learning by doing is quite influential. It's just that we also have to be smart in managing how much loss we have to incur and when we need to stop or continue.

[$weetne$$]

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.

It is always important not to follow things you see on social media because social media is not real life, the signals being shared on social media might not be real but they are just shared as an evidence to sell their business which is to provide signal for other traders that do not have time to analyze the market. The signals they share might be fake ones and they do this so they can always prove that they got the signal right. At time the signals are outdated, they post it after it has already confirmed and you not knowing will copy the signal to use and then you will have a bad trade. As a beginner trader, always be the one analyzing the market yourself to make it more easier to know were you made a mistake when the trade does not go in the way you thought it will go to be able the learn lessons.

[goaldigger]

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.

As long as they are doing this without fooling anyone then I agree, we should not consider them as a scammer because they are just using their advantage, their knowledge in trading just to make extra money and they succeeded on this by just having a good number of followers. If you are into trading, having a mentor and someone who can guide you is a big help, but if none a group like this can also be a big help, you just need to continue learning until you can trade on your own, and by that you can have a good ROI.

[wxa7115]

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.

Without a doubt I consider those people as scammers as well, but newbie traders are too easy to impress, they watch a video of someone with a suit and that talks with technical terms and they believe they know what they are talking about.

However if they took the time to read books by actual traders and understood a little bit more about the markets, even if they could not trade yet, they will immediately see through the facade and understand those people probably have never succeed over the long term as traders, since a great deal of the advice you can hear from them is complete nonsense that could hurt you if you actually followed their advice.

[michellee]

By selling online trading courses, they can make money even without trading. It is one of the smart ways to make money where they open courses to attract those people to learn to trade. We don't know what they do in those courses but not many people are successful in trading and making profits.

By making videos on YouTube, they have succeeded in getting passive income because many people watch them. They only provide a little information about trading and then they invite people to join their courses by paying a subscription fee. Some even offer to provide trading signals that they claim are highly accurate. And it seems that these methods are successful in getting people to join and giving them benefits.

They may be scammers, but they manage to con people who want to get results quickly. More people will be deceived by their ways. We are the ones who have to be careful always to check the information we get and not easily join them before we get the right information.

[Maslate]

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.

As long as they are doing this without fooling anyone then I agree, we should not consider them as a scammer because they are just using their advantage, their knowledge in trading just to make extra money and they succeeded on this by just having a good number of followers. If you are into trading, having a mentor and someone who can guide you is a big help, but if none a group like this can also be a big help, you just need to continue learning until you can trade on your own, and by that you can have a good ROI.

Yes, the term scammers denotes more of a negative aspect, and these who prefer into teaching rather than trading, is actually done by their own choice. If they can’t be successful with real trading, then they should still take advantage with their acquired knowledge and strategies, and that will be possibly achieved through teaching beginner traders, not in the actual process, but most likely in the tips and methods that could enhance the best skills and strategies of a beginner in trading.

[EarnOnVictor]

-snip-
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, you have a good point about the many influencers who are making their money influencing people but practically are not successful traders. Many of them are not even professional traders to think their supposed luxury lifestyle is generated from trading but from adverts and streaming activities. But you are wrong to call them scammers. Who are they scamming? For them not to be successful in a trading career doesn't mean they do not have all that it takes to be successful in theory. Mind you, if 1,000,000,000 people are taught the same thing about trading, it is highly possible that only 10 of them, or less, will be able to utilize what they were taught in the practical sense to earn from the market. But this doesn't stop the others from knowing what to do as well, but they can't just put the puzzles together practically to achieve their desired aim.

However, if they teach and show others the same thing they know, who knows, that person can become successful through that. Because to some of them, it could be their emotion, let me call it psychology as a whole. For this, it doesn't matter, they can still be a good teacher, tutor, or mentor as the case may be because all they need to teach most times is what they know, which is the truth about what would help the learner to be successful in trading.

Unless otherwise stated, I do not think they should be called scammers, even though they are not sincere about what is really earning for them. So far they have not duped anyone by collecting money and not delivering what they agreed on, they are not scammers.

[Awaklara]

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.

because the signals and trading methods shared with their followers are not necessarily accurate. There is no compulsion for followers to follow the advice or signals given.
If they are not someone who has knowledge in trading but provides paid teaching for their followers, they can be said to be fraudsters. especially if there is an element of coercion to follow the signals given.
but if they do have experience and knowledge in trading, opening a trading lesson is not a scam. Traders must consciously know the risks of their trading. they do it themselves with their own money, and even though they use other people's signals, they still carry the risk themselves.

[Obulis]

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.

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.?
Just skeptical, how do they teach what they are not even practicing regarding the hard nature of trading...

[Natsuu]

By selling online trading courses, they can make money even without trading. It is one of the smart ways to make money where they open courses to attract those people to learn to trade. We don't know what they do in those courses but not many people are successful in trading and making profits.

This hard to swallow yet most of those courses are just recycled from the courses they've also just learned on YouTube. See a lot of these nowadays. Most of them doesn't even have a verified track record or worse not even an excel sheet that will prove that they trade very well. What they all have is a market preview and analysis from the past. No real result just backtesting and demo trading.

You only learn how to read price on this. Not trading itself. Trading is not only clicking buy/sell buttons, it is also managing risk capital and expectations.

[dunfida]

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.

Even if its really that too obvious that these people are really that not profitable but there are really those noobs who do still be able to believe that they are really that someone whose experts on which they would really be that making out such payment on subscriptions or would really be joining up with these vip groups on which we know that this is something that would really be that such waste of money. Just like been elaborated that if these people were really that profitable in the first place then they wont really be bothering themselves on letting other people to know about their trades but rather then would really be focusing their own into their trades
and make out hell a lot of money without bothering any other things. In other note about having that trading success as a personal point of view, it would be normal that you would be having those bad or non right ones
because you would really be assuming that buying low and selling high thing is really that easy or sounds or looks pretty basic but on the time that you do put up yourself on such scenario or condition then you would really be finding yourself that being that on tough situation or condition.

[AnonBitCoiner]

Yes, the term scammers denotes more of a negative aspect, and these who prefer into teaching rather than trading, is actually done by their own choice. If they can’t be successful with real trading, then they should still take advantage with their acquired knowledge and strategies, and that will be possibly achieved through teaching beginner traders, not in the actual process, but most likely in the tips and methods that could enhance the best skills and strategies of a beginner in trading.

Scammers are always in search of ways to earn money without thinking about the wrong or right way so because of these scammers people avoid true people also and don't trust them easily.

If someone is not trading by himself and prefers to give knowledge about trading to others does not mean that they are scammers but someone gets knowledge but are financially unstable to utilize money for trading so such people are also hard working.

If they get money through teaching new Comers then they can become financially stable and can utilize that amount for trading so teaching others about trading is also appropriated.

[jrrsparkles]

By selling online trading courses, they can make money even without trading. It is one of the smart ways to make money where they open courses to attract those people to learn to trade. We don't know what they do in those courses but not many people are successful in trading and making profits.

This hard to swallow yet most of those courses are just recycled from the courses they've also just learned on YouTube. See a lot of these nowadays. Most of them doesn't even have a verified track record or worse not even an excel sheet that will prove that they trade very well. What they all have is a market preview and analysis from the past. No real result just backtesting and demo trading.

You only learn how to read price on this. Not trading itself. Trading is not only clicking buy/sell buttons, it is also managing risk capital and expectations.

They just teach what we read on this forum everyday still they make shit lot of money respective to their internet fame. Which can be right or wrong but if we are in the recieving end then we should be thinking that why we should waste our money to read useless craps, better read authentic books and implement it according to the demands of current situation in the market.

[michellee]

By selling online trading courses, they can make money even without trading. It is one of the smart ways to make money where they open courses to attract those people to learn to trade. We don't know what they do in those courses but not many people are successful in trading and making profits.

This hard to swallow yet most of those courses are just recycled from the courses they've also just learned on YouTube. See a lot of these nowadays. Most of them doesn't even have a verified track record or worse not even an excel sheet that will prove that they trade very well. What they all have is a market preview and analysis from the past. No real result just backtesting and demo trading.

You only learn how to read price on this. Not trading itself. Trading is not only clicking buy/sell buttons, it is also managing risk capital and expectations.

Yes, it's like that. They can easily recycle material that others have submitted and change it slightly. It makes the material look different from the others. But if people are observant, the material is similar to other materials.

Many people claim they are experienced professional traders. Unfortunately, many people believe it and end up taking the online course. Even though the cost to join is very expensive and they should be able to use it for trading.

That's why we don't know anyone who has succeeded in benefiting from these online courses. Maybe some have succeeded, but maybe there aren't as many as we think. We should learn trading by looking for information via the internet.

[Porfirii]

Yes, the term scammers denotes more of a negative aspect, and these who prefer into teaching rather than trading, is actually done by their own choice. If they can’t be successful with real trading, then they should still take advantage with their acquired knowledge and strategies, and that will be possibly achieved through teaching beginner traders, not in the actual process, but most likely in the tips and methods that could enhance the best skills and strategies of a beginner in trading.

-snip-

If someone is not trading by himself and prefers to give knowledge about trading to others does not mean that they are scammers but someone gets knowledge but are financially unstable to utilize money for trading so such people are also hard working.

-snip-

Trading is not science, so there is no way to teach a sure way to be successful in trading, because there is no way to teach anything certain about something intrinsically uncertain. As simple as that. Everything is based on appearances.

The problem is that most influencers will imply that if you follow their teachings you will be successful, and that's plain bs, because chance plays an absolutely major role in trading and you would've done it equally well or badly in your trades without having wasted your money and/or time listening to their "teachings".

Are they scammers because of that? it depends on your own perception of the concept. According to laws and judges in most jurisdictions, they aren't.

[Sorryfor]

Yes, that is absolutely correct. Since trading is a very difficult task, many traders are taking advantage of this and selling their own courses in the name of it to build a long-term company. In fact, they are basically big frauds. As trading is not easy and one has to spend a considerable amount of time to learn it and then start trading with small funds and correcting one's mistakes and moving forward one can become a successful trader. In this case, many people have made huge profits by trading and by promoting it, encouraging others to buy their courses and in various ways refer people to people to the trading course and thereby at the end of the day those who enroll in that course, at the end of the day they are  Can't learn anything properly or get frustrated when practical application starts.

[Russlenat]

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.

I have to agree with you. It’s not proper to call them scammers since they aren’t stealing our funds in the first place. Yes, we don’t have guarantees if they are also trading in reality, but knowing their teachings also make a positive effect on the beginner traders, I guess that’s something we have to be thankful instead. If they won’t stick to real trading, and chose teaching instead, that’s actually their own choice and preference. The important thing is, they are not feeding us wrong information about trading and they are being honest that trading itself is never a get rich quick scheme.

[Ludmilla_rose1995]

The real successful traders are quiet and are even afraid to share their success stories. But those who are not, are big mouths and they are very convincing when they talk. That is why following these social media influences doesn't make sense anymore as they are just helping us to lose, not to earn. Because if these people are true and what they say is truly working, they are rich already but unfortunately, they are not.

Success can't be copied by others, it is a personal strategy. We can have their ideas and follow their tips but it doesn't mean we can be like them because there are secrets in trading that they never told us until such time we discover it on our own.

the habit of braggarts is spreading nonsense lol, I also often see on YouTube how someone who claims to be a trader gives advice which in my opinion is nothing special and is general knowledge in trading

while a professional trader will usually be calm and won't even make a video bullshit on YouTube, as ordinary people we can definitely differentiate between what is bullshit and what isn't (the point is, don't swallow the information currently available)

[Mpamaegbu]

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've a few of them like that I followed during my noob days in Forex Trading, several years ago. Even till date, I still look at what they're doing but not relying on what signals they dish out. I want to see how many of them are still there, trading. There was one I met on Facebook. Dude was always displaying winnings and acted like he didn't have losing streaks until he created a telegram group where he started making trade calls. His calls proved he wasn't what he claimed he was as most of them turned losses. I've come to realize that people like that mostly prey on the ignorance of newbies to make whatever material gains they display on social media.