I've been asking my self this question though as I'm still trying to get my head around it. On the internet, social media you see so many crypto traders posting their trading wins on their profile. They always make it look good on the screen that crypto trading is far more profitable compared to holding. Which from what I've seen it isn't. Traders makes so many losses riding the market wind. So I was wondering why those on social media refuses to let everyone also know about their losses.
I just came to a conclusion that most of these traders on social media didn't actually make it from trading the crypto market and making profits. But got their profits from tricking people into trading with them. I tried clicking on some of the links they provided on their social handles and it took me to their telegram class, where they claim to offer free signals. But then to join the big boys you are supposed to pay a huge sum of money for that class. This tricks are what they play on people and make their money.
That's how they work to profit from the content they share on social media. They make the contents of the content from the first minute to the duration of one content interesting and unique so that social media platform users will choose to watch.
The thumbnail is made as unique as possible and the title is also made as unique as possible. When public spaces can be easily accessed to search for information about trade, references should also be easily found that enable us as viewers to assess and compare the content they convey.
In my opinion, 10 in 100 there are content creators who mention and explain the situations they experience in the trades they make. Professional traders also never always make a profit on every trade.
I also have a question, how do you identify the real traders from the fake one?
Traders actually don't like to show their strategies to the public even though they have the opportunity to earn income from their social media channels.