To keep my personal side of this really short, i’ve always been interested in trading but have a full time job and a family so kinda gave up on it, but recently i’ve been seeing all these signal providers and the idea of it does appeal to me.
Obviously i’m aware that the flashy cars etc are marketing, but why all of a sudden am I seeing these young guys on Instagram etc who do genuinely seem to be profitable and providing signal services?
Was this always a thing and people now just realise that social media is a good tool for marketing? Is it actually a total scam and i’m gonna lose my money? Are there any good/recommended services?
The ones i’m seeing offer a small monthly fee for their signals (Some are free if you use their recommended broker, ofcourse they’ll be on commission) and they generally send them through a messaging app called telegram, a couple of forex signals per day.
I’ve been taught to meet everything with a healthy scepticism but i’m struggling to see the scam here… They do seem profitable and they have guys recommending them left right and centre.
So basically, should I run a mile? Or could this be a nice way for me to dabble in trading and make a little cash on the side?