Quote from: GreatArkansas on January 28, 2024, 02:00:59 AM

Quote from: Assface16678 on January 27, 2024, 11:55:50 PM

Quote from: letteredhub on January 27, 2024, 10:52:55 PM

So the earlier every newbie interested trader understands that the period he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes directly out of your own self-made analytical work.

Common mistakes of those newbies in trading are being hyped and excited about the profit they are seeing when they see advertising or influencers that are flexing their earnings from trading. They think it is easy as that without knowing that those influencers or ads don't show the hardship or grey part of trading. Trading has a lot of chances of losing money depending on how competent and skilled you are. Trading is a continuous learning and trial and error. If you can't handle the thought of losing money, then it can't be sure that you can survive in this industry.
(...)

I can relate and most newbies will also. Because of social media platforms, a lot of people taking advantage it, and some newbies are expecting too much because also by them, they are luring these people just to sign up under their referral link and some are using fake accounts or screenshots just to show they are profitable.

This is what often happens to beginners, they are tempted by the profits that influencers get, which makes them enthusiastic about investing, even though they don't have any knowledge, in the end these beginners lose a lot of money after following these influencers.

It's true that not all influencers have bad intentions, but many do. There are so many who claim to be reliable and successful traders even though they are rich from affiliates, so it is not uncommon for trade names to be tarnished by unscrupulous binaries like this. My advice to beginners is that if they are traders and want to make trading an income, then they must study trading science seriously in order to trade so that it makes it easier for them to see a clearer picture of each coin they invest. This must be done so that you don't invest carelessly and avoid being hypnotized by influencers circulating on social media.