👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
I agree with you on this.
Lots of these social media mentors who teach newbies are only doing these to gather traffic on their social media platforms. Most of the information they dish out are their personal opinions which often times are not from verified sources. There are still good and dedicated ones among them though and the only way to find out is by carrying out personal researches from different sources so that you can tell on your own when the social media groups or self acclaimed mentors are giving out false information to the general public. You can only fall victim of this their scam teachings and advice if you over rely on the information they give out. Some of the information they give are real though but when you know what you are doing, you won't just be a blind follower .