If you're a good trader, why sell signals?

[Stable090]

Being free at first is just the first step of a bigger plan. Once the group get big enough and has a stable following, they start monetizing it by creating VIP groups, charging money and promising better and more signals.

I don’t know why some people do think all those signal providers do mean good for them, they think those people just want to help them, but they don’t know those signal providers have other motive. I don’t think anyone that’s really making money from trading, will come online begging people to join their group, those people don’t even have much time, and they not going to stay online begging people to join.

Anyone you see online begging people to join his group is just looking for possible ways to make money. Some will ask you to pay some amount of money before they even going to add you to the group, some will add you to a group, then later they going to request for money, so that you will be added to VIP group. All those people are just scammers, and they have nothing to offer.

Or they keep the group free. But instead of sharing signals for BTC, ETH...they start pushing some random shitcoin on shady little exchanges. They can quietly buy first, then drop a signal so people in the group follow and push the price up, then they take profit.

No free lunch, imo.

Some of them knows the team of the coin which they going to be trading with, some of them are the owners of the coins which they will recommend to buy, and they going to end up dumping the price on people that bought the coin.

[o48o]

I believe that people giving free signals and selling signals at least used to be run by pump and dump crews. This was probably easy with low caps.

First they accumulated something, then they "gave the signal" to small group.
Then they gave that to people in their "vip", and at this point they were already selling it. And slowly or instantly they took away their fake buy walls and everything collapsed.

I am not sure if they are still working like that but i can't see any reason why wouldn't they.

[masulum]

I am not sure if they are still working like that but i can't see any reason why wouldn't they.

In my country, many of those who sell courses, trading signals, or VIP groups for trading signals end up in prison on allegations of cheating their members. They sell signals and take the money, but most of their members end up losing a huge amount of money. the funny thing is, even here already have several case like this, a lot of people still very easy to become a victim because of "high profit" offers. the victim is not because they are stupid, most of them a rich person with a lot of money joined the signal with entry can be more than $1K for their VIP offers.

[Wind_FURY]

I'm VERY confident that those people who sell trading signals make MORE money from selling those signals to PLEBS like us than if they tried to use their own trading signals in the market themselves.

Laughable scammers.

I'm even suspicious they don't dare trade with those signals themselves, and they mostly just churn them out to sell to the plebs who paid for their signals.

I've come across quite a few signal groups that take signals from some other free source, repackage them and sell them to people like they're their own signals.

I won't go as far as saying 100% of signal groups are scam. But afaik, I've never seen a trader consistently make money from trading and get rich from it. So my stance is that most of those group are just cashgrab scam.

They're ALL scams, but some of them have not understood themselves that they're actually scamming.

They merely think and believe that they could out-trade the real professional traders who are better than them in the market. It's also like our fellow PLEBS in the forum who believe they could out-perform Bitcoin consistently Bull Cycle after Bull Cycle.

[shinratensei_]

I believe that people giving free signals and selling signals at least used to be run by pump and dump crews. This was probably easy with low caps.

First they accumulated something, then they "gave the signal" to small group.
Then they gave that to people in their "vip", and at this point they were already selling it. And slowly or instantly they took away their fake buy walls and everything collapsed.

I am not sure if they are still working like that but i can't see any reason why wouldn't they.

This is the usual playbook, the appearance of meme launchpads such as pump.fun is making it easier, the owner is using meme launchpad curve bonding because it gives too much benefit for creator of the meme who only need less than $1 to create a meme token they can use for their heist. The signal group owner then can share the contract address to the "vip signal group" and make 10x easily because dev buy always executed at the most bottom of bonding curve and at the same block, at the first few block the creator can enable 99% tax on sniping bot and make the creator as the sole holder of the majority supply.

Even in some case the "vip signal group" owner don't even need to accumulate, only enable creator tax at 20% and they are making banks, and this is usually the ultimate purpose of why they created signal group in the first place. Imma be real there's no such thing as stranger putting an effort to manage a big group for free if not for rugging at d-day.

[CucakRowo]

I'd put in a note here that a signal provider should not be evaluated on just their win percentage. If the losing trades are bigger. Then someone can have a high percentage of winning trades and lose money. A good track record should include the entire track record with losses. Average risk per trade drawdown. As well as results after fees and slippage. I do believe that consistency is more important than a couple of good calls. If a provider announces all of the signals before they know the result. They provide people with something they can actually assess. Otherwise it will be too easy to remember the winners and forget the losers.

Fair point..But nah, I don't think any trader out there's actually gonna man up and publish their entire track record lol.

Most VIP group signal sellers is straight up scammers tbh.

The only thing they'll ever show you are the green winning trade, while all the stop-losses, blown account and ugly losses somehow get swept under the rug, Lol.

So anyone dumb enough to think they can scoop easy money just by blindly following other people's signals is basically paying a hefty tuition fee for their own laziness, smh.

[RockBell]

I am not sure if they are still working like that but i can't see any reason why wouldn't they.

In my country, many of those who sell courses, trading signals, or VIP groups for trading signals end up in prison on allegations of cheating their members. They sell signals and take the money, but most of their members end up losing a huge amount of money. the funny thing is, even here already have several case like this, a lot of people still very easy to become a victim because of "high profit" offers. the victim is not because they are stupid, most of them a rich person with a lot of money joined the signal with entry can be more than $1K for their VIP offers.

The people in those groups don't make shit and are the ones who benefit from it, so I think I would love it if that kind of law were to be implemented everyplace. This is because these groups aren't inexpensive, and if you pay for something that won't make you money, what's the point of subscribing to their channels? They will undoubtedly pay for it, so it's better to learn and be responsible for your own money because that's how it's supposed to be, and the majority of them typically believe what they see on social media and they also want to make quick money, which doesn't work that way. And that is why it is good to avoid any group selling signals to you because that is the only way you can build your own confidence in trading.

[Makus]

I am not sure if they are still working like that but i can't see any reason why wouldn't they.

In my country, many of those who sell courses, trading signals, or VIP groups for trading signals end up in prison on allegations of cheating their members. They sell signals and take the money, but most of their members end up losing a huge amount of money. the funny thing is, even here already have several case like this, a lot of people still very easy to become a victim because of "high profit" offers. the victim is not because they are stupid, most of them a rich person with a lot of money joined the signal with entry can be more than $1K for their VIP offers.

In my opinion I don't think they should go to jail because what they did wasn't really fraudulent, they simply put out their signals out there and people actually bought it, they made the choice without being forced and they are also aware of the risks that is associated with trading. A lot of people that buy these signals are very desperate and this is what is used against them. They prefer to take the easy route instead of seeking proper information. If the money is taken from them that's different but they paid on their own free will.

[kawetsriyanto]

In my opinion I don't think they should go to jail because what they did wasn't really fraudulent, they simply put out their signals out there and people actually bought it, they made the choice without being forced and they are also aware of the risks that is associated with trading.

They deserve to go to the jail. As far as I know, many of the signal groups promise the members for certain amount of profits. People pay the signal groups for the promise of the profits. Once the people fail to earn profits, they have the right to ask for the responsibility. I personally only can allow them "not to go to the jail" if they want to return the people's money. However, it will be different if it is trading group that offers the lesson of trading skills. They can't be sued for the failure of the members because they only offer the trading skills (not the profits).

A lot of people that buy these signals are very desperate and this is what is used against them. They prefer to take the easy route instead of seeking proper information. If the money is taken from them that's different but they paid on their own free will.

Those people are lazy to learn FA/TA analysis. So, they prefer to pay signals from certain groups. I won't blame the people only, the group signals are also wrong if they offer for certain profits.

[RazerMouseMobile]

---
Do you see selling signals, creating trading content, or teaching as a legitimate way for a good trader to scale beyond their own capital?

And more importantly, what would you consider enough evidence that a signal provider can actually trade?

Just think of this.
- Selling signals attracts new investors to the course, referral links on the exchange that they're using and anything that will benefit them.
- Creating trading content will give them steady revenue flow thru advertisements
- Teaching other traders in a legit way could be the same as the 1st one. It attracts other investors to pay for their courses etc.

This is the reason why traders are doing these kind of things. They also know that profits from trading isn't consistent therefore, if they want to do it as a full-time job, they need to find other and "stable" ways to make money from it, and those are the ones that you shared. Those things increases their trading capital, and I'm not against them. It's just that there are many, many so-called traders that are just scamming new traders in general which I hate the most.

As for the final question, hmmm this is a bit subjective, but I think adding some analysis on how did he come up on that signal that they shared could show that they could actually trade. There are some other more of course.

[masulum]

In my opinion I don't think they should go to jail because what they did wasn't really fraudulent, they simply put out their signals out there and people actually bought it, they made the choice without being forced and they are also aware of the risks that is associated with trading. A lot of people that buy these signals are very desperate and this is what is used against them. They prefer to take the easy route instead of seeking proper information. If the money is taken from them that's different but they paid on their own free will.

i think you are misunderstanding about them who selling the signals or VIP clubs, members paying for them because they promise about profit or high return from initial membership fees. some of owner of signal or VIP clubs offers handle members money for more profit. in the end their signals doesn't work and say if they are losses or with any reason. that why most of them end up in to the jail because they are not only selling a services but most of them also run fake investment. their member pay because of their decission, i know that, but if in the end their members not get as group owner promise, group owner deserves to get in to the prison because of their fraud activity.

[danherbias07]

The same questions should be asked of the scammers who sell signals.

Why are they still selling signals if they can use them to make a profit? Is it really true that they do not have the capital, which is why they cannot use it? Or is it just because they are trying to make quick money by scamming other people?

Why would they even make the effort to learn about trading if they do not have the capital? That's kind of ridiculous, right? I mean, where would one get the energy to learn it all without even thinking about making profits out of it by using the method that you learn? That's absurd.

[pusaka]

The same questions should be asked of the scammers who sell signals.

Why are they still selling signals if they can use them to make a profit? Is it really true that they do not have the capital, which is why they cannot use it? Or is it just because they are trying to make quick money by scamming other people?

Why would they even make the effort to learn about trading if they do not have the capital? That's kind of ridiculous, right? I mean, where would one get the energy to learn it all without even thinking about making profits out of it by using the method that you learn? That's absurd.

Speaking of fraudsters, they will do everything they can to get what they want. Even without having any trading knowledge they can still be deceptive, for example they just need to steal other people's videos and make as if it were his, then give a description according to what they want as well as direct to join his group.

The mode is always the same, in the groups they create, they will constantly share about their advantages. And yes eventually they will ask for some money if someone wants to join the group they call "VIP".

And I used to join into some groups like that, and yes when there is a signal out then all groups share the same signal. I do not know who first shared it. Lol

[CucakRowo]

In my opinion I don't think they should go to jail because what they did wasn't really fraudulent, they simply put out their signals out there and people actually bought it, they made the choice without being forced and they are also aware of the risks that is associated with trading. A lot of people that buy these signals are very desperate and this is what is used against them. They prefer to take the easy route instead of seeking proper information. If the money is taken from them that's different but they paid on their own free will.

Hmm.. jail time does sound a bit much tbh. But signal seller should still face some kinda accountability for their bs.
Especially when they are out here hyping up absolute garbage signal as foolproof sure thing just to line their own pocket.
Selling signal isn't auto scam, but hyping false promise and wrecking people portfolios? Yeah, you don't get to play innocent, bruv.
However, responsibility is not one sided. The lazy folks buying these signal gotta own their choice too. They gotta pay for their own lazines, wanting to get rich without putting in any work lol. Then cry foul when shit hits the fan

[Antotena]

In my country, many of those who sell courses, trading signals, or VIP groups for trading signals end up in prison on allegations of cheating their members. They sell signals and take the money, but most of their members end up losing a huge amount of money. the funny thing is, even here already have several case like this, a lot of people still very easy to become a victim because of "high profit" offers. the victim is not because they are stupid, most of them a rich person with a lot of money joined the signal with entry can be more than $1K for their VIP offers.

There is one influencer from Ghana that called himself Habib forex, this guy show off with expensive cars, expensive watch and all that but you would never see him show off his chart. I mean if you are that good and knows how to make money, it's good that as you are showing off your expensive lifestyle, you should show your winning trades at least to motivate other trades but out of all things they display, they don't show the chart which makes me think they are not traders.

There are many legitimate traders that are making money from trading and you will never see them show off their lifestyle. You can never see their faces but you will see the money they won from trading, not live but better money from their exchange afford accounts. The traders that doesn't show win, show their charts they share and that is how you know the difference between trader and a gambler or influencers.

[TheUltraElite]

Hmm.. jail time does sound a bit much tbh. But signal seller should still face some kinda accountability for their bs.

It is a zero accountability scam. In other scams at times the fraudstar gets some sort of punishment, but in such telegram group related scams, I dont think people are going to pursue the scammers much such that they get jailed neither is the law enforcement strict about these things.

Especially when they are out here hyping up absolute garbage signal as foolproof sure thing just to line their own pocket.

But they are offering it for free, it must mean its good right? People dont understand the sarcasm in this.

Selling signal isn't auto scam, but hyping false promise and wrecking people portfolios? Yeah, you don't get to play innocent, bruv.

Most will just change usernames and promote the same shit once again and also get a good crowd once more. Mostly wannabe traders who cant make decisions on their own.

However, responsibility is not one sided. The lazy folks buying these signal gotta own their choice too. They gotta pay for their own lazines, wanting to get rich without putting in any work lol. Then cry foul when shit hits the fan

True, true, I do blame the victims gullible nature and the habit of depending on others, but even then they will not learn a lesson.

[Dr.Bitcoin_Strange]

In terms of trading mentorship and sharing of paid signals, most online mentors are not even traders but they are reproducing the knowledge that has been shared by other mentors and they charge people for it, this is the reason people have so much doubt about most of those so called mentors that sell signals. I have talked about one signal group that I joined a long time ago, the dude share free signal and doesn't have any VIP group and most of his prediction are usually successful. You can try to defend some of those self acclaimed successful traders that sell signal but the truth is, if they are actually successful, they can still trade their small account gradually and scale up their capital instead of selling courses and signals. The funny thing is, some of them have been selling courses since 2022, if they are actually successful, at some point they would have stopped selling those signals.

[panjul07]

From positive point of view, why some people sell signals is that they want to earn some more money outside the one they earn by trading.
So some people claim that they are good traders then try to sell signals but they say something too good to be true like giving guarantee of profit, we should skip it.
From negative point of view, those who are trying to sell signals are basically scammers who want to make money easily by claiming to be great traders who have made a lot of money through trading.
Which one is the most common thing to see? No doubt the the scam attempt is the most common thing we can see in the internet.

[salad daging]

The same questions should be asked of the scammers who sell signals.

Why are they still selling signals if they can use them to make a profit? Is it really true that they do not have the capital, which is why they cannot use it? Or is it just because they are trying to make quick money by scamming other people?

Why would they even make the effort to learn about trading if they do not have the capital? That's kind of ridiculous, right? I mean, where would one get the energy to learn it all without even thinking about making profits out of it by using the method that you learn? That's absurd.

My thoughts. Science is expensive so sell his skills in the form of trading signals, whether they do entries together or teach how to trade with the methods he has.
I see a lot of people selling trading classes, there are those who give positive and negative feedback, I will not say bad all of them, there must be honest even though they sell their trading signals.
Going back to them, if it is better is to learn by yourself although it takes a long time until you master it, so I do not defend anyone, because I also see many of them who end up being scams.

[shawonngp]

I am not sure if they are still working like that but i can't see any reason why wouldn't they.

In my country, many of those who sell courses, trading signals, or VIP groups for trading signals end up in prison on allegations of cheating their members. They sell signals and take the money, but most of their members end up losing a huge amount of money. the funny thing is, even here already have several case like this, a lot of people still very easy to become a victim because of "high profit" offers. the victim is not because they are stupid, most of them a rich person with a lot of money joined the signal with entry can be more than $1K for their VIP offers.

In my opinion I don't think they should go to jail because what they did wasn't really fraudulent, they simply put out their signals out there and people actually bought it, they made the choice without being forced and they are also aware of the risks that is associated with trading. A lot of people that buy these signals are very desperate and this is what is used against them. They prefer to take the easy route instead of seeking proper information. If the money is taken from them that's different but they paid on their own free will.

Those who sell trading signals and courses create false temptations: before selling a course, they claim a 100% win rate and a very fast income guarantee, attracting any trader who buys their subscription, only to end up with losses after trading. If he feels he has been deceived, he can definitely take legal action against the seller, as he is a victim of fraud. If any so-called VIP trading signal seller asks for a large subscription fee, like $1,000, they're a scammer. I definitely consider this fraudulent, and the punishment could be imprisonment. But in most countries, it does not provide enough peace to go to jail for this.