Youtube Traders Real or Fake...What do you think

Youtube is full of experts of trading, just like forums.
Unfortunatelly if you pick 100 experts, with 5 years or more of experience, maybe you find 1 with a profitable trackrecord.
Making money consistently is extremely difficult so people that dedicated years to study trading but they are not profitable have to find another way to turn this experience into revenue.
Some of them are good making videos , others writing books.
This is the reason that you find a lot of books and videos about the basics but almost nothing than gives you something that works.

On the contrary, every book ever published on trading has contained useful rational information, from tiny tactical hints and tips to full-blown strategies. The problem is not a lack of good techniques.

Though some books have been published on planetary stock tradingā€¦

Yes every educational content is full of useful information, but that information si not enough to extract profit in a consistent way to live from trading.
It is a bit like if there were many passionates of planes and nobody is a pilot.
Or if you have a crowd of musicologists but nobody is able to play an instrument.

For example you can learn candlestick patterns from Nial Fuller, he is good at teaching it, but he is not a profitable trader, he makes money teaching not trading.

Nial Fullerā€™s a good example. He did make super clear and concise clips last time I looked some years ago. It would be very possible to take much of what he says and tailor it into a decent viable strategy. So in my book that makes him a knowledgeable and capable teacher. Whether he makes money from trading or from washing cars is irrelevant.

What would be interesting though would be if everyone posted up the strategies or tactics theyā€™ve seen in books and on the internet and which simply cannot be utilised because they donā€™t work. Now that would be worth reading - if the world is full of scammers, then between us all we must have a lot of knowledge of strategies which cannot work. Letā€™s see.

Unfortyunatelly ā€œdecent and viableā€ is not enough.
Strategies tought by Nial Fuller have been backtested and they donā€™t make pips.
On Nial Fuller site you never find trackrecords or backtests of his strategies.
Learn To Trade The Market Review - Trading Schools.Org
The only way to make money with viable and basic stuff is to repackage it in another way and teach it to someone with less experience than you. :slight_smile:
These strategies arenā€™t wrong and they are the building blocks for something that works but they are not enough.
Moving averages or pins are not scams, the scam is letting you believe that if you pay 300 for a course about patterns or indicators they will give you somenthing that makes pips and works better than the guides you find here for free.

You can argue that all and any strategy can be profitable for a certain time and if you teach them to others thats fair gameā€¦
But if your whole ethos and persona is about REAL WORLD and REAL MONEY not the instagram green lamborghini scammers you call out on your channel but then doing exactly the same as said instagrammer`s what does that make you

1 Like

So for you the guy learned how to trade, and then decided he was going to wash cars and teach trading instead of actually trade for himself?
How in the world can you teach something that you dont know how to do?
Do you realize how crazy your argument his? He cant make money trading but for me he his a knowledgeable and capable teacher?

1 Like

For example I learned what is a clarinet and how it works from my music teacher of the primary school.
Those infos were right.
Than I learned to play clarinet from a teacher that was able to play clarinet.
Tha same to pilot planes, you can learn a lot from a passionate but to become a pilot you need a pilot.
True traders do not show Lamborghinis, but if you dontā€™ show them it doesntā€™ mean you are a trader. :rofl:
True traders show a trackrecord.

It depends on what is the content of what he teaches. He might simply be re-packaging what greater minds have developed. he might even throw in a few extra wrinkles that a third party has uncovered.

You must realise this is good business at work. This is efficient capitalism. Re-packaging and selling what someone else invented is not a scam.

In fact Iā€™m willing to go further.

Many expert traders say that trainers and Youtubers and authors are just trying to make a profile and reputation for themselves without taking risks or doing the hard work.

Well Iā€™m prepared to say that many of these same people who profess to be exposers of dangerous and criminal scammers are likewise simply out on an ego trip. some of them are just trying the same trick that they accuse the scammers of - theyā€™re just trying to make a great reputation for themselves in any other way than trading.

The evidence in favour of my argument is that they have no evidence in favour of theirs. So my point is equally valid.

Hereā€™s my challenge - I wish some of these anti-scammer crusaders would do one of two things - either produce evidence that strategies sold and promoted cannot work and are unfit for purpose - so name and shame the criminals (or else shut up) -
or -
just trade your way into the annals of trading history by making a fortune.

Good luck.

1 Like

It doesnt matter what the content his, regarding trading if he can not implement that content for himself and became a profitable trader with that content, he definitly should not be teaching it or worse charge people to teach them.

But actually, it does matter what the content is. If people want to buy a workable strategy and they pay the price they want and thatā€™s what they get - a workable strategy - where is the scam?

I know what a profitable strategy means but i dont have a clue on what is a workable strategy would you mind explaining?

I mean a strategy that is physically tradeable and which is consistently profitable.

Ok but what whe where discussing is when someone pays for a workable strategy that doesnt work.
If people paid for a profitable strategy and if that was what they got they wouldnt complain right.
So the scam happens when you pay for a strategy that doesnt work.

What strategy are you talking about and who sold it?

All of them, maybe except for the ones scrufytrader shares, he is a really good trader.

ā€œAll of themā€¦ā€?
Isnā€™t that just a tad of a generalisation? Didnā€™t I ask you literally a million times not to exaggerate?

1 Like

Have you seen one???