Trading Mentors = Scammer?

[Findingnemo]

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?

[SmartGold01]

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.

[Hamza2424]

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

[Rruchi man]

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.

[LogitechMouse]

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.

[bayu7adi]

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...

[bitterguy28]

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

[bhadz]

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.

[Zed0X]

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.

[Bobcrypto]

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

[Findingnemo]

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.

[Mr. Magkaisa]

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

[Stompix]

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.

[Asiska02]

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.

[JISAN]

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