The Illusion of Trading Success

[Hamphser]

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.

It would really be just that such a waste of money if you do find yourself that believing into these things on where you are really that believing that it does work and give out assurance that it would be precise.
Considering that tools and other learning things could really be searched online and thats something for free and this isnt really that needing up any strings for you to do but only having the effort on how you would really be searching up into those things and would really be able to learn it up. Somewhat there are really just that people who doesnt really like on getting hassled and this is why they would really be going up on getting those kind of subscription because they do want or like on easy path but of course learning would really be still fall down into your own hands on how you would be that be fastly
be able to get grasps on everything that you've been told into.

[Dewi Aries]

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.

From what I said earlier I have not led to a statement about who should be blamed because previously I only said about the scenarios carried out by content creators who do promotions or advertisements, but if the question is who should be blamed then of course both parties must be blamed, I mean the content creators are clearly the first to be blamed for showing something that doesn't match the reality and the second is as you said that the audience is also clearly to blame because they don't see things from various sides first and don't do a thorough consideration first using common sense and a rational point of view, But on the other hand we can't rule out the fact that that's what happens where there are always some people who are really very easy to be tempted by something that basically doesn't make sense and looks odd, another thing I would say is that the content creator or someone who promotes is the one who "triggers" the problem and the audience who sees is the one who is affected (even though they are also wrong), so what should be eliminated here, the impact or the trigger?

[lixer]

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.

Whether scripted or not, they are exaggerated for sure because any person who shares a success story over the internet would barely let their audience know about their failures which is a flaw in itself. Successful people don't need to hide their failures because they have overcome the failures which is how they got successful. Your success is fake if you are afraid to share your failures, it means you are faking the success and making a fool out of the people you are sharing it with.

As you said, successful people barely need to announce it to the public, they don't need to do that because they know they aren't going to get any benefit out of that. Showing off is never what successful people like to do but it's those who are fake who would show off while using fake stories and stuff.

[God bless u]

A kingmaker, makes the king, but doesn’t achieve anything on their own. This is the ideology everyone following and hence acting like the ace the trading industry. These types of people are not traders, rather their earnings niche is trading. They saw potential and opportunity here in this field and hence they grabbed it. Now whether you or me thinking them as scammers, doesn’t at all trouble them. They will continue doing this and will keep on printing the money.

Hahah nice one bro it was a pleasure in reading your defended statement. It's whether that you don't know the truth behind this dark side of crypto or either you are attached by yourself into this whole drama.

No one I repeat no one should be allowed to sell courses and earn from it because it has a lot of side effects than the positive ones.

[Bravut]

A kingmaker, makes the king, but doesn’t achieve anything on their own. This is the ideology everyone following and hence acting like the ace the trading industry. These types of people are not traders, rather their earnings niche is trading. They saw potential and opportunity here in this field and hence they grabbed it. Now whether you or me thinking them as scammers, doesn’t at all trouble them. They will continue doing this and will keep on printing the money.

Hahah nice one bro it was a pleasure in reading your defended statement. It's whether that you don't know the truth behind this dark side of crypto or either you are attached by yourself into this whole drama.

No one I repeat no one should be allowed to sell courses and earn from it because it has a lot of side effects than the positive ones.

What are the effects?
What is the dark side of crypto? Stating a fact without backings is arguably wrong Mate.
Selling of course is same thing like selling book with different authors and variety of ideas. I always emphasise on the need of us know, cautious and also aware of those "gurus"who pose as one but not really, but generalisation is wrong. There are potential buyers who want to learn so they will buy, and is also a source of income they exchange money for value. We all sell ideas, if not why are you writing on the forum? You should be charged for selling ideas.

[SquallLeonhart]

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.

I read that these days people are selecting their political leaders in some democratic countries by getting influenced by social media posts. I mean in trading kind of high sensitive and money involved environment, you can easily deceive people by showing edited proof. So, I agree with you that we cannot blame people for getting influenced by another trader. 

[Essential10]

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.

If one wants to learn something then one must be committed. I understand that your or my abilities may differ, no matter where you learn the trade from, you need to be very patient and give enough time. Learning trading from just one YouTube channel is a very difficult task, very few people are able to learn from such options. If you want, you can definitely learn about trading from YouTube if you are motivated, but I think the best option is to learn about trading practically with an expert. While learning to trade, there will be shocks, but the most important thing is to prepare yourself day by day about trading so that shocks can be easily dealt with.

[TheUltraElite]

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

[Mame89]

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

That's how trading is, sometimes it is very easy to learn in theory but difficult to practice. Being able to teach many people about trading does not necessarily mean you can make a lot of money from trading, so it is not surprising that many influencers make videos about trading, and quite a few even sell promises to influence many people to gain benefits from advertising and so on.

In essence, we are required to learn about trading from anywhere so that our knowledge about trading can be broader so that in making trading decisions we can also minimize risk. You can learn anywhere, starting from this forum, YouTube and other social media, but we also have to have the principle of not swallowing what has been explained in its entirety but still have to do independent research before investing.

[bettercrypto]

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.

What you are saying is true. I have seen many such fake guru traders, but what they are saying is far from the truth. It seems that it's just for the sake of content that the only aim is to get views, just like that; there is no other reason.

And such fake gurus can usually be found on social media platforms such as YouTube and others, so we should be wise in researching or studying trading about this in crypto.

[Natsuu]

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

That's why there's  a rule in this space. Don't count other people's money. Because you don't even know if its real or not or if it's even theirs the first place. Regardless, it has nothing to do with you. Only distraction it can give and false projection of success. Because success in trading is real wealth. It is the ability to maintain current expenses and be able to live a lifestyle that could inspire other people's lives. Some traders nowadays on advertisement makes money on their courses thy are selling and not in the actual trading they are introducing.

[Pleasant_Tree]

"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...."

Actually trading can be really easy - not hard work at all - if you have a large bankroll and aim for many short-term profits with little concern about which direction the market is actually going next. How? Figure it out newbie... 

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.

[bettercrypto]

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.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

[Mahanton]

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.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

It is really just that too unbelievable that there are those people who are really just that too dumb on not to notice up with those things.Whereas, if they would really be just that making use of their own common sense then they would be able to point out that following someone who doesnt really even know that on what they are talking is really just that a complete suicide. Yes, i have noticed out too with those so called influencers or to those trader wannabe's as if they are really that knowing on what they are doing. They could make out those sell and buy orders but if you are someone who do have that kind of idea on what it is and the other things that involves with it then for sure you would be laughing with those wannabes.

On the time that you do get involved with trading then it would really be just that right that you wouldnt be expecting something positive. Always take up the market that its always been that unpredictable
on which unexpected things could really happen on point. This is why you should really be needing up to prepare yourself so that you wont be ending up on having that disappointment.

[siniminomorocomunisakito]

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.

Addicted to the answer. This phenomenon has been felt to fail several times by them but the whispers continue to come haunting. The money market is indeed very tempting and quite a lot of money is charred in the market, not to mention those who play features hit by liquid.

I also feel this way and it is quite hard to lose money, especially the desire to get rich quickly that is put forward.

[Bravut]

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.

Addicted to the answer. This phenomenon has been felt to fail several times by them but the whispers continue to come haunting. The money market is indeed very tempting and quite a lot of money is charred in the market, not to mention those who play features hit by liquid.

I also feel this way and it is quite hard to lose money, especially the desire to get rich quickly that is put forward.

Yh. It true, some just have brand not necessarily mean they are traders, they have income from streams, courses and mentorship. Though I believe in the principle that if it is faked it can be real, so champs you keep pushing regardless and be cautious cause this Trading world is made up of people who want to show results just to please the crowd thus end up losing focus and lead to no good.

[Vinaa77]

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.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

[malah]

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.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

[Volimack]

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

[Bravut]

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.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Content creators as the name goes are for content purposes and often share less valuable knowledge and show more results which are often fake just to lure newbies especially to there mentorship or signal group to increase there income.
Imagine running a mentorship programme for 1,000 persons at $200 that equating $200, 000.
You can see yourself how much they generate which some can't pull from trading actually.

In essence,we just need to discern or follow those that align with what we practice in our trading journey.