Quote from: Vinaa77 on May 15, 2024, 11:35:06 PM

Quote from: bettercrypto on May 10, 2024, 04:22:23 AM

Quote from: Alphakilo on April 18, 2024, 11:12:56 AM

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.