Fraud Cycle

[Tongley]

If we consider the greatest trader of all time, then Jim Simons' name will definitely be among them, and if we talk about some of the big trades, which are very well-known and successful traders in the world. If we look at their annual trading profit percentage, we will see that they often make 40% - 30%. Sometimes they make more than that.

But we are currently seeing many traders online and who, each, make more than 1 thousand dollars a day, 2 thousand teams and what. These people are never seen to face losses, rather they always make big profits. We all keep chasing them after seeing them making profits and we step towards trading and face losses.

I am not saying that trading is bad or cannot be profitable. But we need to take the right decision before moving towards trading and should never go to such online scammers. They will never be able to make you a successful trader, but will instead throw all the money you have into losses.

[Nathrixxx]

I am not saying that trading is bad or cannot be profitable. But we need to take the right decision before moving towards trading and should never go to such online scammers. They will never be able to make you a successful trader, but will instead throw all the money you have into losses.

Most of the things we see online are just to flaunt the social media without any track record of success being made, I'm not saying that is not possible they win a lot in trading, but most we see are just intended on advertisement purpose and not that they are really good at trading to the extent, the best to know at this time is in believing on one's self and not on this celebrity traders that think they have made it or arrived already, if you dare try what they do, your trading capital is gone, don't be easily influenced by social media advertisement.

[Mhizlove]

One dangerous thing that happens in trading space is comparison, once someone starts to compare his journey with all those online daily profits pressure will come in and the mistakes will start increasing. When it comes to real trading is not about competing to impress people because you see even the professional traders do protect their capital first before even thinking about profit. Anyone that makes trade looks more easier or risky free should create suspicious. Consistency and steady growth is much better than going after unrealistic success online.