Trading Mentors = Scammer?

[taufik123]

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.

[MrSpasybo]

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.

[TomPluz]

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.

[Findingnemo]

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.

[Hisbullah]

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.

[Legion]

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.

[Aanuoluwatofunmi]

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.

[rby]

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.

[LogitechMouse]

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.

[Legion]

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.

[milewilda]

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.

[Findingnemo]

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?

[Mr. Magkaisa]

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

[rby]

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.

[Roseline492]

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.