Actually selling trading signals and trading advice is a common practice among professional traders.
I admit though, it becomes really hard for a newbie to distinguish between the good apples from the bad ones. Which is why it is all the more important to get advice from someone experienced about the do's and don'ts. It is often the ones who do not do this, that lose the most money.
Topic: Please be careful with traders who.... - page 7. (Read 12778 times)
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I've seen a lot of people shilling on twitter about their paid private group in 2017 prior to the bull run. A lot of them fizzled out when the bear market hit last year.
Before subscribing to them, consider that they're not really earning much from trading that's why they're selling something else.
Before subscribing to them, consider that they're not really earning much from trading that's why they're selling something else.
I dont know why a newbie we think joining a certain group is the best way to learn trading while they can easily do that through acouple of Youtube video. However, you're lucky you don't join the scam one because the group are mainly two type(the pump/dump and scam group).
The group are also on discord either.
Most people who claimed they are guru in crypto currency trading that usually advertise themselves as experts asking people to pay for their trading services in mostbcases I refer to them as speculators who cannot practice what they preach in crypto currency trading.
Just the same way i advertise for new companies back then just for the referrer bonus and ends up dragging innocent investors to the mud, I have noticed a lot of people conversing online about their paid private group with reference to bull rise, fizzled out when the bear market hit.
look before you leap. It's just my candid advice.
look before you leap. It's just my candid advice.
The only thing these "motivational traders" (That's the way I like to call them) do very well is the eye they set on their charge fees. Nothing else. They hardly give out nice trade calls. I have monitored quite a good number of them. But then, Newbies may not know all these once they see screenshots of doctored accounts showing success rates.
I'm not a type of person who relies on other opinions in my trading activity, I do not even believe that there is an expert who is willing to sell/share/teach newbies about their trading strategies.
I have to agree that the tweet is a must to be shared anywhere so it will educate newbies who are looking for trading signals/experts/advisors for their trading.
I have to agree that the tweet is a must to be shared anywhere so it will educate newbies who are looking for trading signals/experts/advisors for their trading.
Very well said.
That's why I don't like to join those private or pump-and-dump groups because it's just a waste of money. You should learn to trade your self and get your hands dirty.
So I definitely agree and I also believed that successful traders doesn't want to share their trade secrets otherwise their profits will be affected. So for newbies, stay away from those kind of groups.
That's why I don't like to join those private or pump-and-dump groups because it's just a waste of money. You should learn to trade your self and get your hands dirty.
So I definitely agree and I also believed that successful traders doesn't want to share their trade secrets otherwise their profits will be affected. So for newbies, stay away from those kind of groups.
Also they would not share useful tricks and strategies, since at a later point you'd be competing against them.
"Please be careful with traders who run private groups, do phone consultations, and sell courses.
Most successful traders are too busy trading, they don't have time to teach.
It would be a distraction."
I also saw that tweet in twitter. It was shared on our group on messenger. I agree on the phrase "Successful traders don't have time to teach." It's quite true and those private groups, pump and dump groups or paid signal groups are just getting your money. Best not to engaged with these. Most successful traders are too busy trading, they don't have time to teach.
It would be a distraction."
Some of the "paid groups" hosters were convicted of dubious business last year, and not without reason. The only one who benefits from such groups is the hoster himself.
Works in principle like this:
You pick out coins that you can advertise as an "insider tip" and buy yourself just so much coins that the price does not shoot up. You wait a few days and start promoting this coin as an insider tip. Group members start to buy this coin, too and the price increases. You sell with great profit and start the game from scratch.
Of course, this scheme also works for "personal investment tips" by phone or mail, but there it is usually about much higher sums.
Works in principle like this:
You pick out coins that you can advertise as an "insider tip" and buy yourself just so much coins that the price does not shoot up. You wait a few days and start promoting this coin as an insider tip. Group members start to buy this coin, too and the price increases. You sell with great profit and start the game from scratch.
Of course, this scheme also works for "personal investment tips" by phone or mail, but there it is usually about much higher sums.
I've seen a lot of people shilling on twitter about their paid private group in 2017 prior to the bull run. A lot of them fizzled out when the bear market hit last year.
Before subscribing to them, consider that they're not really earning much from trading that's why they're selling something else.
Before subscribing to them, consider that they're not really earning much from trading that's why they're selling something else.
"Please be careful with traders who run private groups, do phone consultations, and sell courses.
Most successful traders are too busy trading, they don't have time to teach.
It would be a distraction."
Saw this tweet just now.
Worth to share to those trading newbies who wants to rely on paid advisors.
Will not go deeper. Hope you got the picture.
(P.S. Credits goes to @BTC_M****. Decided not share the source link as I don't want to promote his Twitter account as owner's other tweets might influence newbies perspectives. But it's quiet easy to search.)
Most successful traders are too busy trading, they don't have time to teach.
It would be a distraction."
Saw this tweet just now.
Worth to share to those trading newbies who wants to rely on paid advisors.
Will not go deeper. Hope you got the picture.
(P.S. Credits goes to @BTC_M****. Decided not share the source link as I don't want to promote his Twitter account as owner's other tweets might influence newbies perspectives. But it's quiet easy to search.)
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