Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Findingnemo on April 04, 2025, 07:38:16 PM
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
There may others out there but since we don't know them we can't give full details of them, usually trading is hard and people only tends to lure those who are that desperate of making money into believing them that they are guru but after sometimes they collect fee from them or sell their course to them and make money from them.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
No doubt about it.
Someone who is selling a course and charging 200, 300, or any X amount, claiming to be a successful trader, the real question for them as a learner should be, if they’re so good at trading, why do they need to sell a course at such high price that many of us cant even afford, I will quote a cource selling scam below haha the price was 8k and somewhere 15k USD to 20k USD in various cases.
Most trading influencers on social media are just scamming their own audience. Whether it’s free signals, paid signals, or premium memberships for trading courses it’s all junk and pure shit in the market. To be a good trader, you need to learn, analyze, gain real experience, and build discipline not just in trading, but in life, for the rest you'll know with time, as no one can be perfect at the start. Our experiences polish our skills.
Haha, there have been plenty of old and new scam stories in the trading course world from fake celebrity endorsements to self-organized events staged to build fake credibility and rip people off and there's a clear example of this.
Have a look at the scam of 1215928 USD in India reported by
Mohak Mangal
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I consider them as scammers. What do you think?
They're not all scammers; there are mentors that are actually imparting knowledge and helping people who want to become traders, and there are those who are focused on making money from the people they are teaching and making them dependent on them. This is why it is necessary for you to be very selective with someone who you decide to call a mentor and trading partner because not all mentors deserve to be called one.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Most might be, but not all of them are scammers.
I've following some of the trading mentors here in our country, and I would say that not all of them are scammers. Yes, they're selling trading courses, but there are some who are sharing free knowledge that would be helpful for a beginner trader other than selling a trading course. I'm not against these trading mentors because there are some who will just help you shorten your learning journey on trading. Of course, not all of them are doing that and they're doing the complete opposite, which is scamming people, but I still believe there are still good trading mentors out there.
I guess it's all about thinking on whether the course that they're offering is worth it with the price they're asking or not. I mean there's nothing wrong in selling your knowledge, right? Not all of them are good mentors though.
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A professional, becoming a teacher and charging a very high fee....it seems quite doubtful... why did he choose to earn money by selling knowledge? Whereas he should be able to use the knowledge he has to earn money... yes, indeed being a free teacher is not easy, however, what does being a vampire mean for a newbie? It seems like he can't earn money from his profession properly, so he chose to become a teacher and sell his knowledge....
Does my statement above seem to agree with the OP? It seems yes...
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
why would they be failed traders if they are mentoring others? or why would they be mentoring in the first place if they are failed traders? for them to get students or clients they would need to show some kind of evidence that they indeed have the knowledge for trading and they are credible of teaching others
I consider them as scammers. What do you think?
only if they are purposefully giving out wrong knowledge
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
You are right and they only teach the basics for which can be found on the internet. And they are charging fees for that and those newbies are happily paying them for those courses. Because it is simple, if I am a great trader I wont teach my techniques and will make myself profitable than the other. And when these strategies doesn't work anymore and I am no longer profitable, that is the time that I have to do something like selling those courses.
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More than 95% of the so called trading gurus that just came out during a bullrun are probably scammers/fake. They appear to be good because most of the coins/tokens pump at this time. When the market is down, they also disappear. I've seen this practice before and I'm amazed that they can still attract some newbies.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
No, they are not scammers as you are insinuating, whatever some of these experts traders are selling, as per their trading courses, it is completely based on their level of knowledge and experiences, and some times, they write their opinions about the market movements or trends.
You see, the market is very hard to predict accurately, but I must say that many of them are actually doing very well, though you must have encountered few that might be inexperienced.
I suggest that you try this traders analysis by following the Twitter page or Telegram channel for market updates. Remember that this is not a financial advice, just for learning or knowledge about the market.
This trader may be of interest in learning.
Twitter: @CryptoCapo_
Telegram channel: t.me/CryptoCapoTG
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why would they be failed traders if they are mentoring others? or why would they be mentoring in the first place if they are failed traders? for them to get students or clients they would need to show some kind of evidence that they indeed have the knowledge for trading and they are credible of teaching others
Simple reason, if I know how the market movement is going to be then I will never share the strategy with anyone because lesser the known the profitable we can be. But what they do is sell their prediction for pennies which is a sign that they are trying to make money and failed to do so in trading so they just trap the people who are going into the same path.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
- I see a lot of fake gurus like that on youtube, those who just learned to read basic candlestick reading, trendline, support and resistance, they immediately self-proclaimed on their channel that they are supposed to be mentors in trading.
But if you observe carefully, there are others who are with us here in the forum who I can say have more extensive knowledge than they actually do. Because at the beginning they will say they will not ask for any money in their telegram group but later they will simply charge you for their trading signal group. So I agreed with what you said in the end
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I've following some of the trading mentors here in our country, and I would say that not all of them are scammers. Yes, they're selling trading courses, but there are some who are sharing free knowledge that would be helpful for a beginner trader other than selling a trading course.
If one is such a good tarder, why not make millions out of those trades and then share those courses for free with everyone?
Why try to make a few pennies by selling those when you could enrich yourself with that knowledge?
It makes no sense other than the possibility of them not being succefull tarders at all.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
I have seen some of them successful in their trading but most of them are actually what you say they are. Looking to take advantage of middle class people in quest to earn money quickly. The lust for money can drive one into making decisions that are not necessarily needed at some time, but we just turn blind eyes to them and regret only later after we’ve been scammed off our money. When chasing a trading mentor, you should look at many things to consider before concluding to train with them.
Most of those that flaunt their flashy lifestyles online are the number one people to be avoided, even though quite a number of them might have been successful through trading, they won’t have the time to teach you best what you need to know. Because at that time their focus is just money oriented and not how good you are after learning from them. They make money off their students that can make them money even without them trading.
Most traders according statistics are not profitable traders and most of them only hit one big win and continue to fund their account to trade through their students tuition fees to learn. The trading market is very controversial, it is better you observe well before concluding on going for a mentorship with a mentor.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Those who are experts in trading and are able to profit a lot of money from trading will never teach others trading and take money from them because they do not have enough time to teach anyone. The time they use to teach someone trading, they will be able to profit a lot more from trading. Those who sell different types of trading courses, books or signals are not successful in trading themselves. That is why they create their own source of income by selling these. These are really a kind of trap
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More than 95% of the so called trading gurus that just came out during a bullrun are probably scammers/fake. They appear to be good because most of the coins/tokens pump at this time. When the market is down, they also disappear. I've seen this practice before and I'm amazed that they can still attract some newbies.
I've seen some other people who are quite informed as well falling for the short-term gains and Telegram screenshots of the successful trades haha, 300% in a trade is somewhat attractive to everyone.
But as I don't trade in the future, it's not very attractive to me and many other spot traders and long-term investors as well. Keep in mind, no one wants to see you successful more then themselves. So be cautious before making any decision.
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Seen many of them selling their tutorials on udemy. Selling their video tutorials is making more money than trading. I'm wondering if there are users who bought their videos on Udemy came back to tell them, they learns a lot and used their skills in trading.
Or are those users who bought the videos of these trading mentors also made video tutorials to sell? ;D
I did saw some trading mentors on youtube doing live trades actually, they seem real.
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Seen many of them selling their tutorials on udemy. Selling their video tutorials is making more money than trading. I'm wondering if there are users who bought their videos on Udemy came back to tell them, they learns a lot and used their skills in trading.
Or are those users who bought the videos of these trading mentors also made video tutorials to sell? ;D
I did saw some trading mentors on youtube doing live trades actually, they seem real.
Atleast those tutorials might be helpful in someway for anyone who purchased but selling the signals and prediction is where we can draw the line as scam.
Live trades? Haven't seen them but I did saw some clips in shorts videos which obviously edited ones so you can keen on them and let's see if there's any pre recorded video is being injected into the screen. ;D
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Nothing is taught free again. If you can afford it, don't go for it. OP, that's what I want to let you know.
It is always in rare case to find someone who will teach you any simple things that earn money online for free. Talk more about trading. You will be charged for it.
However, just because you are charged for trading courses doesn't mean all those who sell trading courses to people are scammers because there are people who have mastered the act of trading.
They are selling their trading courses to make money for themselves. I don't see that as a bad thing because there are other online courses that does the same thing. nobody is generalizing them as scams
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Nothing is taught free again. If you can afford it, don't go for it. OP, that's what I want to let you know.
It is always in rare case to find someone who will teach you any simple things that earn money online for free. Talk more about trading. You will be charged for it.
However, just because you are charged for trading courses doesn't mean all those who sell trading courses to people are scammers because there are people who have mastered the act of trading.
They are selling their trading courses to make money for themselves. I don't see that as a bad thing because there are other online courses that does the same thing. nobody is generalizing them as scams
Maybe I should just add something to what you said dude, if there are many people selling their trading courses on youtube or other social media platforms, of course it is still up to all the viewers to decide who can watch their content on their channel.
If others think they don't believe it, they are free not to enjoy the service offered by those gurus, it's really up to the viewers to believe it or not because no one is dictating it to them, just simple as that.
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I consider them as scammers. What do you think?
I somewhat disagree. For those who share information or knowledge for free and without any shady recommendation/guidance, we should consider give them the benefit of doubt.
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Live trades? Haven't seen them but I did saw some clips in shorts videos which obviously edited ones so you can keen on them and let's see if there's any pre recorded video is being injected into the screen. ;D
There are quite some funny ones, they do show trades, but they also have pre-recorded sessions where they give he opposite advice, so they shut down and start the stream again with a different account that made the right decision, so they are "cashing" out on one while hiding the loss.
I somewhat disagree. For those who share information or knowledge for free and without any shady recommendation/guidance, we should consider give them the benefit of doubt.
And are there such guys with absolutely no other reason?
Selling courses, shilling shitcoins or even just earnign from their stream?
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Even the ones who are or seem to be successful became successful not from the profit they make from trading, but from the money they made or make from selling trading courses, hosting physical meetings and charging fees from interested attendees, also selling of trading and motivational e-books they likely downloaded from the internet for free of charge.
The truth is, it's gullible people who allow themselves to get scammed by this so called trading gurus all in the name of mentorship, if I ever reach that level or stage in trading where I am very confident in myself well enough to even consider training or mentoring others in trading, I will gladly mentor people for free because with that level of knowledge, I did be making more than enough money for myself from my trading profits.
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Majority of people that poses as professional profitable traders on the internet are just scammers or content creators who are just enriching themselves from the money they make from advertising and selling the trading materials that they have stolen from other people's content, modified it to look different and head leading and those naive newbies who also wants to make quick bucks from trading will start falling for the scam. I don't trust those online traders especially the ones that show off flashy cars and luxury lifestyle.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
There may others out there but since we don't know them we can't give full details of them, usually trading is hard and people only tends to lure those who are that desperate of making money into believing them that they are guru but after sometimes they collect fee from them or sell their course to them and make money from them.
you are right, trading teachers or mentors are a lot of frauds, my friend, because most of them are people who have failed in trading so they make money by looking for people to be their students and ask for payment even what they teach is far from trading knowledge. different from the person we make a teacher or mentor is our own relative and we know exactly how to trade and we know he makes big profits, my advice if we are looking for a trading teacher or mentor, try to find someone we know and he understands about trading and don't just make a trading teacher or mentor, it's afraid it will be fatal, my friend.
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I've following some of the trading mentors here in our country, and I would say that not all of them are scammers. Yes, they're selling trading courses, but there are some who are sharing free knowledge that would be helpful for a beginner trader other than selling a trading course.
If one is such a good tarder, why not make millions out of those trades and then share those courses for free with everyone?
Why try to make a few pennies by selling those when you could enrich yourself with that knowledge?
It makes no sense other than the possibility of them not being succefull tarders at all.
Hmmm, I'm thinking of 2 reasons.
1. They want to maximize their income and the fact that they have the knowledge about trading, the way of doing it is through selling courses.
2. They want more trading capital, and their way is through selling courses.
I also want to see these trading gurus share their knowledge, but there are some who got paid just to have the knowledge that made the millionaires or even billionaires right now, and we can't blame them if they want to do the same with other people because at the end of the day, it's all up to us if we're willing to pay to learn or not. If you will think about it, it really doesn't make sense, but if that's what they want then, let them be. :)
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Majority of people that poses as professional profitable traders on the internet are just scammers or content creators who are just enriching themselves from the money they make from advertising and selling the trading materials that they have stolen from other people's content, modified it to look different and head leading and those naive newbies who also wants to make quick bucks from trading will start falling for the scam. I don't trust those online traders especially the ones that show off flashy cars and luxury lifestyle.
I agree, although not all are scammers, but most of them are scammers by showing as if they have very good abilities and can give something to people who join.
It might not be a problem when everything is free, but what happens is that those who want to join have to deposit or pay some money. Even though the content of the material they convey is the same, and even the signals they give tend to be marketable.
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I consider them as scammers. What do you think?
They're not all scammers; there are mentors that are actually imparting knowledge and helping people who want to become traders, and there are those who are focused on making money from the people they are teaching and making them dependent on them. This is why it is necessary for you to be very selective with someone who you decide to call a mentor and trading partner because not all mentors deserve to be called one.
Truth is no matter how this matter is coated; i still attest to the sole fact that these so called “trading mentors” are nothing else but scammers.These are people who might have been on their A game for a while and crashed one way or the other .These individuals then tend to use the public who are basically majourized by wealth-seeking individuals and thus; more vulnerable to assist these scammers in getting back to their game through payments which could be exhorbitant with the promise of making you also; financially stable just like them.
Well speaking without shading completely; the trading mentors who offer these courses might have in built knowledge of the course they offer, thus not making them completely scammers if you look at it from a different level.Anyways; the motives of this individuals is undoubtedly to gain from the mass while prioritizing theirselves first.
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Majority of people that poses as professional profitable traders on the internet are just scammers or content creators who are just enriching themselves from the money they make from advertising and selling the trading materials that they have stolen from other people's content, modified it to look different and head leading and those naive newbies who also wants to make quick bucks from trading will start falling for the scam. I don't trust those online traders especially the ones that show off flashy cars and luxury lifestyle.
I agree, although not all are scammers, but most of them are scammers by showing as if they have very good abilities and can give something to people who join.
It might not be a problem when everything is free, but what happens is that those who want to join have to deposit or pay some money. Even though the content of the material they convey is the same, and even the signals they give tend to be marketable.
If it's free and they share trading signals, we can consider it. However, we should have our own analysis because in trading we must have knowledge and experience so that we can always practice to have skills as a trader.
There are many paid VIP groups, it's better to leave that group, because in my opinion an expert will not have much time to share.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
I consider them the same, and it's not because they are failed traders themselves but because they aren't going to give you a magical spell that will start making you money all of a sudden. The things that they are going to teach you are already available for free; it's only about doing some research, and you will find everything you need from basic to expert level as a trader, and these so-called experts will charge hefty amounts only to teach the basics.
I'm in a free signal group on Telegram, the guy provides a few signals every week, sometimes even within two weeks or so, and he keeps sending his own profit screenshots to lure in users because he also often posts that those who want to join his premium channel or want to learn, they will have to pay $200 or more as fees for it, lol. What's ironic is that some people will actually pay them that much.
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It might not be a problem when everything is free, but what happens is that those who want to join have to deposit or pay some money. Even though the content of the material they convey is the same, and even the signals they give tend to be marketable.
Usually at first it is free and only enters in their guest group, then to be able to enter the main group you have to pay a certain amount of money.
Even though there is no guarantee to get profits and the content of the material provided can also be obtained easily.
Maybe what makes you interested is just buy and sell signals with an explanation of how it can happen, but still it won't guarantee profits.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Well, I have a slightly more open-minded perspective: there are both scammers and respectable mentors in this market.
We often hear news about scammers who were once unsuccessful traders and only make money from low-quality courses. However, if there weren't respectable mentors with a lot of experience, it would be very difficult to have talented classes of traders.
It's true that smart trading can bring in more profit than teaching, but it also comes with risk, every trader knows this. Meanwhile, teaching has no risk of losses, and it's also a way for traders to diversify their income streams. They sell knowledge for money, providing value to those who need knowledge to avoid mistakes in the market.
New investors should be cautious when buying courses; they need to verify the reputation and success of the instructors before transferring money and believing what they say.
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Not all but many are...concentrating more on getting people to pay for their programs and courses and making money from their subscribers. Many of them are just using hypes to attract new recruits but nobody can really verify if what they are teaching can be effective or not. Yes, we should be wary of these so-called gurus so not to become victims of their false promises on the road. Of course, there can be an exemption to this and hopefully there can be a good and verified program that is really helping people and guiding them towards success.
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It's true that smart trading can bring in more profit than teaching, but it also comes with risk, every trader knows this. Meanwhile, teaching has no risk of losses, and it's also a way for traders to diversify their income streams. They sell knowledge for money, providing value to those who need knowledge to avoid mistakes in the market.
New investors should be cautious when buying courses; they need to verify the reputation and success of the instructors before transferring money and believing what they say.
It's not really about the courses they are selling but what their intentions are. As I said, selling courses, tutorials, and how to make technical analysis and such comes under knowledge but what about the one who claims they know the market movements and sells their signals for pennies, which is an obvious scam in my opinion.
I just remember a story that was from a long time ago, a streamer who lost around $75K in the stock trading but he sold his courses for about million dollars and they found this when authorities charged him for scam attempt.
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It's true that smart trading can bring in more profit than teaching, but it also comes with risk, every trader knows this. Meanwhile, teaching has no risk of losses, and it's also a way for traders to diversify their income streams. They sell knowledge for money, providing value to those who need knowledge to avoid mistakes in the market.
New investors should be cautious when buying courses; they need to verify the reputation and success of the instructors before transferring money and believing what they say.
It's not really about the courses they are selling but what their intentions are. As I said, selling courses, tutorials, and how to make technical analysis and such comes under knowledge but what about the one who claims they know the market movements and sells their signals for pennies, which is an obvious scam in my opinion.
I just remember a story that was from a long time ago, a streamer who lost around $75K in the stock trading but he sold his courses for about million dollars and they found this when authorities charged him for scam attempt.
sharing signals without charging is normal because in our community we often share. However, selling signals is a scam because the signals sold are not necessarily true and will bring profit. I have never been with that. That's why I prefer to observe the market myself and learn to make both technical and fundamental analysis.
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It's true that smart trading can bring in more profit than teaching, but it also comes with risk, every trader knows this. Meanwhile, teaching has no risk of losses, and it's also a way for traders to diversify their income streams. They sell knowledge for money, providing value to those who need knowledge to avoid mistakes in the market.
New investors should be cautious when buying courses; they need to verify the reputation and success of the instructors before transferring money and believing what they say.
It's not really about the courses they are selling but what their intentions are. As I said, selling courses, tutorials, and how to make technical analysis and such comes under knowledge but what about the one who claims they know the market movements and sells their signals for pennies, which is an obvious scam in my opinion.
I just remember a story that was from a long time ago, a streamer who lost around $75K in the stock trading but he sold his courses for about million dollars and they found this when authorities charged him for scam attempt.
sharing signals without charging is normal because in our community we often share. However, selling signals is a scam because the signals sold are not necessarily true and will bring profit. I have never been with that. That's why I prefer to observe the market myself and learn to make both technical and fundamental analysis.
Yes, there is truth, that not all aspects in the trading world can be quantified or measured using figures, indicators. At times, it is simply a need for insight and the examination of the markets along with that of the agricultural literature review and the effects of the news regarding the economic aspect of the crop. That is why I trust the self-learning process, as it gives full knowledge of the possible ups and downs of prices. This is with regard to signals as some view it as a tool while others have the tendency of using those for their own benefit. So as much as one should be ready to learn but at the same time not be in a haste to get a particular result then am prepared to face the risks. Just as it is not always lovely to earn money, at least you can be calm while making the decisions if you know why the market is the way it is.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
I wont call them scammers, because not all of them are having bad intentions for doing this, they are only presenting us with a trading guide or material in which we may choose to read on them or not, buy them or leave them if we cant afford to, all i will have to say here is that before we go for anything, we should be more convinced we are on the right track and not going to be scammed at the end, if such is our first time experience, then we can proceed further in asking form others for direction on the necessary steps before taking them, because obviously now, people are looking for ways they can make more money online.
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I consider them as scammers. What do you think?
I do not consider them scammers. Trading is risky, and we all know that. If a trader decides to sell his knowledge of trading instead, then I consider it smartness and not scamming. No matter how professional a trading mentor may be, there will still be some bad days for him. Having the best mentor doesn't also mean the newbie will turn out to be a perfect trader.
It is left for the newbie to do more research in addition to the mentorship he is getting. The mentorship serves as a guide, while his additional research opens his eyes and mind to more knowledge he might not have known about through mentorship alone.
I must not fail also to add that we still have some mentors with really bad reputations.
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I consider them as scammers. What do you think?
I do not consider them scammers. Trading is risky, and we all know that. If a trader decides to sell his knowledge of trading instead, then I consider it smartness and not scamming. No matter how professional a trading mentor may be, there will still be some bad days for him. Having the best mentor doesn't also mean the newbie will turn out to be a perfect trader.
It is left for the newbie to do more research in addition to the mentorship he is getting. The mentorship serves as a guide, while his additional research opens his eyes and mind to more knowledge he might not have known about through mentorship alone.
I must not fail also to add that we still have some mentors with really bad reputations.
I would rather call it "being efficient" rather than being smart.
As much as I want to say positive things to these trading mentors, there are some out there who are taking advantage of these newbie aspirants who wants to learn trading, and instead of giving them valuable information, they are getting information that you research online FOR FREE, and worse, there are some who are just giving recommendation on which coins they should trade (in short, giving signals).
There are good mentors, and there are bad mentors. It's up to us now if which will we pick.
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I consider them as scammers. What do you think?
I do not consider them scammers. Trading is risky, and we all know that. If a trader decides to sell his knowledge of trading instead, then I consider it smartness and not scamming. No matter how professional a trading mentor may be, there will still be some bad days for him. Having the best mentor doesn't also mean the newbie will turn out to be a perfect trader.
It is left for the newbie to do more research in addition to the mentorship he is getting. The mentorship serves as a guide, while his additional research opens his eyes and mind to more knowledge he might not have known about through mentorship alone.
I must not fail also to add that we still have some mentors with really bad reputations.
Of course, not each person who offers services or education in the sphere of trading is a separate topic to doubt. There is an attempt being made to share on experience and not all of performance outcomes can be expected to be optimal. Thus, I can state that self organisation also plays a significant role in a person’s evolution within the framework of trading culture. Therefore, sometimes there is a mentor to guide somebody but the final outcome depends on how hard such a person is willing to search further. It is also unwise to run to conclusions and generalise when selecting who is worthy of following while keeping an open mind. First, criticising the people who only want to gain from the inexperience of others is logical, however, being bias-free in a fair assessment should involve facts over opinions.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Actually there are still those professionals that can be considered legit, but cant be able to deny that these things will come up into your mind is on how come that they will be having some mentorship about trading if they were already profitable? If you do consider out on how well they do make out money then it is just that a waste of time or distraction of your time on trying out to teach other people or having students for you to teach on or share your knowledge on. Why would you be doing that if you are doing tons? So using up your own common approach and sense then you can tell that they might just that bluffing that they are profitable. On the moment that i have seen most of them i do consider out to be lying too but actually there might be still some legit too and wanted to share up knowledge but of course you do need to pay.
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I do not consider them scammers. Trading is risky, and we all know that. If a trader decides to sell his knowledge of trading instead, then I consider it smartness and not scamming. No matter how professional a trading mentor may be, there will still be some bad days for him. Having the best mentor doesn't also mean the newbie will turn out to be a perfect trader.
People who claim them as mentors are really giving the guidance or selling their signals? 99% of them sell signals rather than teaching anything to their users which makes it as non ethical which I consider as scam because anyone who understand what is trading will also knows that nobody can predict the market movements so if they are in trading field then how they claim otherwise? It's misleading, isn't it?
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I consider them as scammers. What do you think?
I do not consider them scammers. Trading is risky, and we all know that. If a trader decides to sell his knowledge of trading instead, then I consider it smartness and not scamming. No matter how professional a trading mentor may be, there will still be some bad days for him. Having the best mentor doesn't also mean the newbie will turn out to be a perfect trader.
It is left for the newbie to do more research in addition to the mentorship he is getting. The mentorship serves as a guide, while his additional research opens his eyes and mind to more knowledge he might not have known about through mentorship alone.
I must not fail also to add that we still have some mentors with really bad reputations.
I would rather call it "being efficient" rather than being smart.
As much as I want to say positive things to these trading mentors, there are some out there who are taking advantage of these newbie aspirants who wants to learn trading, and instead of giving them valuable information, they are getting information that you research online FOR FREE, and worse, there are some who are just giving recommendation on which coins they should trade (in short, giving signals).
There are good mentors, and there are bad mentors. It's up to us now if which will we pick.
- There are only two types of mentors and these are good and bad mentors, it's up to us how we can identify or identify them. It's also true that just because they offer a trading course doesn't mean they are scammers. But of course, if it says trading course, should they also be professional graduates? I'm just asking.
We can only say that they are scammers when many communities studied a trading course that they didn't gain anything and many complained about the mentor
who gave a lecture about the trading course
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I do not consider them scammers. Trading is risky, and we all know that. If a trader decides to sell his knowledge of trading instead, then I consider it smartness and not scamming. No matter how professional a trading mentor may be, there will still be some bad days for him. Having the best mentor doesn't also mean the newbie will turn out to be a perfect trader.
People who claim them as mentors are really giving the guidance or selling their signals? 99% of them sell signals rather than teaching anything to their users which makes it as non ethical which I consider as scam because anyone who understand what is trading will also knows that nobody can predict the market movements so if they are in trading field then how they claim otherwise? It's misleading, isn't it?
I am not denying the fact that we have some bad people who disguise themselves as mentors just to exploit aspiring traders. Yes, we have them. But I also believe that there are truly some good traders with good intentions who do nothing but guide newbies on how to become better traders. However, the problem always lies in finding the good ones among the thousands of scammers out there. In spite of this, I will not make a generalized statement tagging all trading mentors as scammers. Anyone who seeks the services of a mentor should help himself by finding out some details about that particular mentor to be sure that he is actually genuine.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
You are making a sense because indirectly they are actually what you called them because a lot of them are very deceitful into making younger traders to believe that if they bought their courses they will not loss again when they cannot even consistently execute a successful trade, what most of them normally use to back themselves up if people complain about how faulty their courses are they will tell the person that they don't understand it that's why they could not use it, but I blame those buying it because they have to no what the person has made to be confident on what they're bringing to the market.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
You are making a sense because indirectly they are actually what you called them because a lot of them are very deceitful into making younger traders to believe that if they bought their courses they will not loss again when they cannot even consistently execute a successful trade, what most of them normally use to back themselves up if people complain about how faulty their courses are they will tell the person that they don't understand it that's why they could not use it, but I blame those buying it because they have to no what the person has made to be confident on what they're bringing to the market.
can they be all that?
the one that i have tried having a mentor was forex trading but didn't finish the mentoring part since i wanna dive into action already before we could even finish the full course. i end up learning them all myself yet lost my capital because of it. he was actually good but it just me not too keen on learning from him. after he teach me on trading system, i already tried live trading.
time to expose them if they are just as scam. let them show their portfolio and how much was their capital form the start. i guess they have to justify at least.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
You are making a sense because indirectly they are actually what you called them because a lot of them are very deceitful into making younger traders to believe that if they bought their courses they will not loss again when they cannot even consistently execute a successful trade, what most of them normally use to back themselves up if people complain about how faulty their courses are they will tell the person that they don't understand it that's why they could not use it, but I blame those buying it because they have to no what the person has made to be confident on what they're bringing to the market.
Not all of them, but it could be the majority that's why traders reputation might have been taken a big hit on this one. And if you have to look at it though, I mean old school traders didn't have mentors on their side, they just go and take a big leap of faith on trading and hope that they will be successful someday. If everyone has that kind of mentally, then there will be no trading mentors who's intention is to scam. And come to think of it on the other side, if you are a great trader, it must be better to keep your trading secret to you so that your method or strategy will not saturate the market and you're the only one making that big money with your self developed strategy.
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I agree that it depends on the mentor. because sometimes having a mentor is very influential and helpful as long as the mentor is truly trusted and also more flexible in doing it, if he is still quite doubtful, and various other conditions, then no matter what the condition of our market that continues to move and the members who become a hot topic and if we are less efforts, then all the efforts from the mentors will also be in vain.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Well not all of them is scammers if you choose a mentor please choose your neighbors your relatives or friends that you can easily called if there is a problem with regards to your trading woks, don't engaged with people online or to strangers they will surely block you in all social media sites if they get what they want from you, in crypto i think we need to be more wise on choosing people that we can trust because money is everything and anyone can do bad things because of money specially when they are in a badly need of it.
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Well not all of them is scammers if you choose a mentor please choose your neighbors your relatives or friends that you can easily called if there is a problem with regards to your trading woks, don't engaged with people online or to strangers they will surely block you in all social media sites if they get what they want from you, in crypto i think we need to be more wise on choosing people that we can trust because money is everything and anyone can do bad things because of money specially when they are in a badly need of it.
I would rather not let the people around me know I'm into cryptocurrencies because even your close friends aren't trustworthy these days. As you said, money is everything for everyone these days, and you never know who might deceive you for money. Also, what's the point? If you think you are smart enough to get into a market with so much uncertainty and unpredictability and still be fine, then you should be smart enough to learn everything on your own.
If I think I can't manage my trades or the trading career that I'm about to start, I shouldn't get into it at all. Things that involve finances, especially if it's done on an individual level, should be done by a person themselves so that whether there is profit or loss, it's only that person who knows, there is no shame, nothing to worry about, just keep doing it if you think it's working, or stop if you think it's not for you.
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I agree that it depends on the mentor. because sometimes having a mentor is very influential and helpful as long as the mentor is truly trusted and also more flexible in doing it, if he is still quite doubtful, and various other conditions, then no matter what the condition of our market that continues to move and the members who become a hot topic and if we are less efforts, then all the efforts from the mentors will also be in vain.
Actually, you could express a best opinion in your best opinion. So i am also agree with your prefer comment. I also believe that trading is one of the best risky space in cryptocurrency market. So i think that in this reason an experience mentor is very important issue for crypto trading. Because we know that many crypto currency traders also losses there profit from crypto trading. I think that a wrong mentor or a scammer also can break your hope. So i believe that we should creat own activities to an experts trader.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Many mentors are not really profitable in trading. Many of them are former traders and are studying to learn, but because they are having a hard time making money here, they become mentors to make money from students. Since they can teach everything that needs to be taught based on what they have learned even though they have not become profitable traders. That's why there are so many fake mentors, teach their students the strategy without teaching how to actually use it in the live market.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Many mentors are not really profitable in trading. Many of them are former traders and are studying to learn, but because they are having a hard time making money here, they become mentors to make money from students. Since they can teach everything that needs to be taught based on what they have learned even though they have not become profitable traders. That's why there are so many fake mentors, teach their students the strategy without teaching how to actually use it in the live market.
This is what I am talking about, teaching from the failure doesn't apply here because the intention of the mentor is to make money out of you irrespective of you make money or not while they are failed in trading then how can we expect anything that will be useful for us for the money that we pay to get that recommendations.
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I agree that it depends on the mentor. because sometimes having a mentor is very influential and helpful as long as the mentor is truly trusted and also more flexible in doing it, if he is still quite doubtful, and various other conditions, then no matter what the condition of our market that continues to move and the members who become a hot topic and if we are less efforts, then all the efforts from the mentors will also be in vain.
Actually, you could express a best opinion in your best opinion. So i am also agree with your prefer comment. I also believe that trading is one of the best risky space in cryptocurrency market. So i think that in this reason an experience mentor is very important issue for crypto trading. Because we know that many crypto currency traders also losses there profit from crypto trading. I think that a wrong mentor or a scammer also can break your hope. So i believe that we should creat own activities to an experts trader.
Finding a good mentor in trading is difficult unless we have known him. At present many are negShare signal, but I don't think they are a good mentor. If I prefer to learn analysis and develop my own strategy in trading because with the analysis itself we can know where our mistakes if they fail.
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Finding a good mentor in trading is difficult unless we have known him. At present many are negShare signal, but I don't think they are a good mentor. If I prefer to learn analysis and develop my own strategy in trading because with the analysis itself we can know where our mistakes if they fail.
Yes, many do give instant signals or methods, but that is not the way that will bring increase in the future. This way we are not only free riding, but also gaining an understanding of the process behind trading actions that we are taking. Of course there is much information available, but not every person who gives signals and signals really knows what is going on. Even though I felt that it is painful to learn from the mistakes herself when the analysis is done, it will definitely make her ready to face the market in the future. At the end, the power to opt for the right decisions lies in the key of experience and accumulation of the experience through training.
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I agree that it depends on the mentor. because sometimes having a mentor is very influential and helpful as long as the mentor is truly trusted and also more flexible in doing it, if he is still quite doubtful, and various other conditions, then no matter what the condition of our market that continues to move and the members who become a hot topic and if we are less efforts, then all the efforts from the mentors will also be in vain.
Actually, you could express a best opinion in your best opinion. So i am also agree with your prefer comment. I also believe that trading is one of the best risky space in cryptocurrency market. So i think that in this reason an experience mentor is very important issue for crypto trading. Because we know that many crypto currency traders also losses there profit from crypto trading. I think that a wrong mentor or a scammer also can break your hope. So i believe that we should creat own activities to an experts trader.
Finding a good mentor in trading is difficult unless we have known him. At present many are negShare signal, but I don't think they are a good mentor. If I prefer to learn analysis and develop my own strategy in trading because with the analysis itself we can know where our mistakes if they fail.
Actually, your comment is very appropriate in this situation. Because known a mentor is very essential for best crypto trading or if we want to earn best profit here. Because a best mentor can give you best decision for crypto trading. But it must be very appropriate, if we want to understand in cryptocurrency market and trying to analysis about crypto trading. I also believe that there are no need to any mentor for earn best profit from cryptocurrency trading. Because if we could be best trader, i think that we don’t need to any mentor for earn best profit.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
If it a free trading training is a waste of time, and if they ask for fees to give out that trading guide just know that you are heading for a possible scam, the best approach to trading in any form is to learn and get engaged by yourself and not relying on others to give you an acclaimed guide to do that, the best way to go about I is you learn from your experience.
I have read and heard the ugly stories of some newbie traders, who went ahead to trust those scammers that call themselves trading mentors charging fees to give out worthless trading guide or what their call the fuck.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Many mentors are not really profitable in trading. Many of them are former traders and are studying to learn, but because they are having a hard time making money here, they become mentors to make money from students. Since they can teach everything that needs to be taught based on what they have learned even though they have not become profitable traders. That's why there are so many fake mentors, teach their students the strategy without teaching how to actually use it in the live market.
This is what I am talking about, teaching from the failure doesn't apply here because the intention of the mentor is to make money out of you irrespective of you make money or not while they are failed in trading then how can we expect anything that will be useful for us for the money that we pay to get that recommendations.
Of course that makes sense and I can understand that feeling that there is no Trigger emulating app available for me. It is very normal that when one has paid some money for something in order to gain value out of it, and only to find that at the long run it will only be used as an instrument rather than a tool then trust evaporates. Not because I felt pessimistic but because as far as self expectations are concerned, honesty never emerged at the outset. Some more of them are active in painting an image than substantiating their claims. Knowledge wise we do not get to learn from others and rather we learn the hard way from the experiences that surround the scams. Such as that gives the consciousness to the people with the hope that the many people, who look so assured before a camera or on the TV screen, are not as proficient in what they are advertising as they may seem. The feeling of disgust is not attributed to failure but the exploitation of said failure for personal gain.
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I consider them as scammers. What do you think?
They're not all scammers; there are mentors that are actually imparting knowledge and helping people who want to become traders, and there are those who are focused on making money from the people they are teaching and making them dependent on them. This is why it is necessary for you to be very selective with someone who you decide to call a mentor and trading partner because not all mentors deserve to be called one.
I also agree with you. It's not all mentors that are scammers. I know that there are specific ones that are scammers, but I don't think its a good thing to generalised. There are mentors who pretends to be gurus which is not true, they only use these means to steal from middle class traders or beginner traders, people like this can not be classified as a mentor but tormentor.
But they are actually real mentors that impact beneficial knowledge to beginner traders, who guide them and also teaches them all they need to know. But nowadays, the world is becoming a scary place, so we need to be alert and careful who we trust.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
I did, but they just start selling their courses, or VIP groups or provide paid content to people because either they want to give back to the community or they don't want to make money by themselves alone or they want to grow community because we all know with knowledge we can give to people and if it really benefits them.
We can really grow a big community and with that community we can earn a lot of money, for examples we can do affiliate marketing for different companies and for exchanges and can earn good amount of money too.
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Finding a good mentor in trading is difficult unless we have known him. At present many are negShare signal, but I don't think they are a good mentor. If I prefer to learn analysis and develop my own strategy in trading because with the analysis itself we can know where our mistakes if they fail.
You are right, nowadays it is hard to find a mentor who is truly a mentor, now those who only know about trading are already brave enough to open paid classes, as long as they have popularity.
I think the best mentor is ourselves, meaning we can learn from the mistakes we make. For me other people sometimes cannot be trusted, and the only one who can be trusted is ourselves.
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You are right, nowadays it is hard to find a mentor who is truly a mentor, now those who only know about trading are already brave enough to open paid classes, as long as they have popularity.
I think the best mentor is ourselves, meaning we can learn from the mistakes we make. For me other people sometimes cannot be trusted, and the only one who can be trusted is ourselves.
Apart from that, I think that even if we are looking for a mentor in trading, we currently need to know basic knowledge about trading so that we don't go to that mentor just because of his profit list. At the same time, I think we need to look at his transparency, such as showing a list of profits, as well as showing a list of losses if he has made them.
And we also have to remember that most of our good mentors do mentorship at a high pay rate because their time is valuable. On the other hand, the places where you see free mentors or courses for very little money are definitely suspicious.
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I think the best mentor is ourselves, meaning we can learn from the mistakes we make. For me other people sometimes cannot be trusted, and the only one who can be trusted is ourselves.
Well, I agree with what you said that we need to learn from our mistakes, and I think it's a requirement to think like that especially in trading because that will be the one that will help you develop in order to become a successful trader.
While having a mentor isn't a necessity, I always say that having one will shorten your journey in order to become a successful one. Yes, having a mentor mean you need to pay, but you're spending your money in order to have less time of learning. Finding one mentor that will truly help you is very hard indeed, but if you find one, paying some few bucks on them don't really matter if that means more knowledge for you.
I don't know but for me, I can quickly say if a mentor is a legit one or not. I have a check list. :D
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
I don't think all of them are like that, but what is clear is that they will take advantage of us when we enter and pay when registering in their group. If we are already trapped in a trading class and do not get any profit, then it is better for us to leave and slowly learn to trade on our own. There are many sources of information that we will get if we are serious about learning to trade.
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You are right, nowadays it is hard to find a mentor who is truly a mentor, now those who only know about trading are already brave enough to open paid classes, as long as they have popularity.
I think the best mentor is ourselves, meaning we can learn from the mistakes we make. For me other people sometimes cannot be trusted, and the only one who can be trusted is ourselves.
Apart from that, I think that even if we are looking for a mentor in trading, we currently need to know basic knowledge about trading so that we don't go to that mentor just because of his profit list. At the same time, I think we need to look at his transparency, such as showing a list of profits, as well as showing a list of losses if he has made them.
And we also have to remember that most of our good mentors do mentorship at a high pay rate because their time is valuable. On the other hand, the places where you see free mentors or courses for very little money are definitely suspicious.
Yes of course I also really appreciate that, because the time they spend is also valuable time, so there is nothing wrong with paying because we have disturbed their time. But my point here is how someone who from the beginning they intend to seek their own profit with a little knowledge of their trading.
And therefore we must also have basic knowledge about trading, with that we can also distinguish which ones are worthy or not to receive our money.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Many mentors are not really profitable in trading. Many of them are former traders and are studying to learn, but because they are having a hard time making money here, they become mentors to make money from students. Since they can teach everything that needs to be taught based on what they have learned even though they have not become profitable traders. That's why there are so many fake mentors, teach their students the strategy without teaching how to actually use it in the live market.
This is what I am talking about, teaching from the failure doesn't apply here because the intention of the mentor is to make money out of you irrespective of you make money or not while they are failed in trading then how can we expect anything that will be useful for us for the money that we pay to get that recommendations.
Exactly. How can they make you profitable if he can't make himself profitable. Some mentors have the same strategy but some of them are not profitable. Why? Because we have different approach in the market, our execution is different that's why we have different entry even though our strategy is the same, including that our emotions influence our executions. So we should have choose mentor very carefully.
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I also agree with you. It's not all mentors that are scammers. I know that there are specific ones that are scammers, but I don't think its a good thing to generalised. There are mentors who pretends to be gurus which is not true, they only use these means to steal from middle class traders or beginner traders, people like this can not be classified as a mentor but tormentor.
But they are actually real mentors that impact beneficial knowledge to beginner traders, who guide them and also teaches them all they need to know. But nowadays, the world is becoming a scary place, so we need to be alert and careful who we trust.
Yeah, the world is full of both good people and bad people, heroes and villains. We don't need to trust everyone or accuse everyone, we just need to avoid the bad ones and gravitate towards the good ones.
Regarding mentors, there are many ways for us to check their level. Newbies can research some technical indicator issues using internet resources and test the mentor abilities. If the mentor can explain and provide value, they might be worth trusting.
Additionally, feedback from other students can also be referenced and help newbies find suitable and high-quality courses. Another safe approach for newbies is to take the time to learn about the crypto market themselves. I believe that the information on the internet and the support of AI are sufficient for those eager to learn to acquire knowledge.
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Having a mentor, especially if you are just starting out in crypto or bitcoin, can tell you how lucky you are, especially if it is given to you for free. But there are others who attend so-called trading courses, although there are others who have attended many seminars about trading or trading courses on webinars, even though they paid, it seems like they have not learned anything.
So that means studying trading should be taken seriously, because if we do it this way, even without a mentor, you will definitely learn or you will be ahead of those who studied trading with a mentor, but they are not as serious because they do not absorb what they have learned.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
Hahahaha....
You've just said what is the current situation happening in my country. Every little knowledge is just being monetized, not for the reason of making professionals but just a way of deceiving people to pay for a knowledge that's almost worthless.
There's a saying that goes "The empty vessels makes the loudest noise".
For me, I've not seen any of those mentors in my region who are successful traders, they just make money from deceiving people and they dress in a very good way to make you feel they know alot.
And mind you, they go up to broadcast their knowledge on even radio stations.
Menhhh, it's really funny.
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Trading mentors or instructors are not scammers, except we are being engage with one that cannot be trusted, trading professionals are believed to be experienced ones in doing trades and this is what they know how to do best, but this does not exempt them from being under any form of mistake if care is not taken, but the best way to remain safe is by learning to do trades on our own self.
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Yes of course I also really appreciate that, because the time they spend is also valuable time, so there is nothing wrong with paying because we have disturbed their time. But my point here is how someone who from the beginning they intend to seek their own profit with a little knowledge of their trading.
And therefore we must also have basic knowledge about trading, with that we can also distinguish which ones are worthy or not to receive our money.
+1
I always think that if we want to buy a paid course or go under a paid mentorship to learn a subject, then we should first acquire basic knowledge about that sector, otherwise we may choose the wrong person. And in other sectors, I would say that over time, the money spend on that course will be wasted, but in the case of trading, our situation will be even more dangerous.
So, we have to take care of all these aspects and then go under mentorship.
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Trading mentors or instructors are not scammers, except we are being engage with one that cannot be trusted, trading professionals are believed to be experienced ones in doing trades and this is what they know how to do best, but this does not exempt them from being under any form of mistake if care is not taken, but the best way to remain safe is by learning to do trades on our own self.
It is believed that everybody is capable of making mistakes, no matter how much knowledgeable they may be and especially when it comes to the unpredictable business such as trading. It is always beneficial to follow an honest and a competent instructor so that learning becomes fast, but that does not makes it compulsory to agree with everything that one teaches. You still need to acquire your own way of perceiving the things that are happening in your life. In this case, even the best of bosses can provide suggestions that are not as suitable to your circumstances. This is why, it is crucial to be aware of other people’s experiences but also to get the information and cheque it oneself. In my opinion the greatest sin is when relying on the reputation only and do not realise that, in the end, everything is still up to you. Independently becomes independent does not equal to isolative oneself, but to grow purposefully.
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Trading mentors or instructors are not scammers, except we are being engage with one that cannot be trusted, trading professionals are believed to be experienced ones in doing trades and this is what they know how to do best, but this does not exempt them from being under any form of mistake if care is not taken, but the best way to remain safe is by learning to do trades on our own self.
There are really still those legit ones but choosing up will be the entirely depending on you on how you do make out some checks whether the mentor is just that trying to farm out those newbies for fees or really truly having those mentorship and able to make out some teaching but of course you do need up to pay up for some fees. It will be that up to you on how you do handle yourself on joining up with these groups. Not all are scammers and thats why if you do have plans on trying out to join up with some groups then make it sure that you've been dealing up with the right group. It is just that too impossible that you cant be able to determine on whats fake and whats real. Actually some people doesnt really like to go with groups on which they can eventually be able to obtain up these informations on free of charge. There are just that those people who are just that lazy and wanting that there's someone who do guide on them.
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In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.
I consider them as scammers. What do you think?
I don't think all of them are like that, but what is clear is that they will take advantage of us when we enter and pay when registering in their group. If we are already trapped in a trading class and do not get any profit, then it is better for us to leave and slowly learn to trade on our own. There are many sources of information that we will get if we are serious about learning to trade.
- You are right in what you say mate, there are many ways in this era to source information regarding teaching about trading, especially since we still have AI that can give us the tools they can teach their prospects to enroll in their group.
There are so many people like this on Facebook and youtube apps, they don't charge anything but they benefit from affiliate marketing on the trading platform they promote, which is the answer to earn money from trading without hassle, the explanation is pretty good most of the time if I watch it. In this part I understand them because this is their strategy to earn money but don't cheat others.
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- You are right in what you say mate, there are many ways in this era to source information regarding teaching about trading, especially since we still have AI that can give us the tools they can teach their prospects to enroll in their group.
What do you mean there's an AI group?
There are so many people like this on Facebook and youtube apps, they don't charge anything but they benefit from affiliate marketing on the trading platform they promote, which is the answer to earn money from trading without hassle, the explanation is pretty good most of the time if I watch it. In this part I understand them because this is their strategy to earn money but don't cheat others.
I saw many of them, mostly on any social media apps they use the AI analysis as their own analysis and post it everywhere with ref links, or sometimes they are selling a script like an indicator or Pine Script. The price isn't cheap; actually, it's expensive. I don't know why people will buy it since almost all community indicators are free in TradingView; you just need a little adjustment to fit in your strategy.
About the free courses, I don't know if all of them are failed traders; if they can teach the basics, it is one of the big steps for newbies to learn trading.
Just like a sample of buying an apple at $1 and selling it for $2, you made $1. That's the basic trading, plus you need to learn risk management. This might not work on live trading, but you got the idea from your mentor of how it works. Profitable or not, you should protect your capital, because in crypto there's always a market shift; it changes over time. That is why if you are going to trade in a short time frame, I suggest go with a long time frame, as it gives you a better and good entry than choppy signals in a short time frame.