Trading Mentors = Scammer?

[Hamza2424]

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.

[target]

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?   

I did saw some trading mentors on youtube doing live trades actually, they seem real.

[Findingnemo]

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?   

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.

[JoyMarsha]

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

[gunhell16]

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.

[ABCbits]

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.

[Stompix]

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.

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?

[Fivestar4everMVP]

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.

[Dr.Bitcoin_Strange]

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.

[Ujok]

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.

[LogitechMouse]

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.

[$crypto$]

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.

[Celph]

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.

[doc]

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.

[Alone055]

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.