Are they really here to help or just to make money?

I've noticed a bunch of forex traders, and yeah, crypto traders too, starting their own trading academies. Seems like once they hit some profit, they think it's the next logical step. So here's the question: do you believe these traders who launch academies and signal groups genuinely care about helping others learn and make money, or is it more about their own profit from the folks who sign up? Honestly, I feel like a lot of them start these academies mainly to fund their own trading habits, not so much to actually assist others. What are your thoughts on this?

Those who start  trading academies and signal groups are the crypto traders that have become unprofitable. To look like they are still in the game, they have to do all these trading side hustles. Their intentions is not to help. They need your money. The only help you can have is the one you give yourself through learning, reading, and networking with other people in the trading community.

This is what they say. But let's face the reality, there is more money in teaching what they know than actual generation of profits in trading either with forex or crypto. They know the formula and they can't make that much money and take risk in trading because they know how it's hard to get into it. You've said it, they make these people that are hoping to learn from them as a cash cow.

More often than not, the reverse is the case. I think what they do with opening those signal groups and physical trading center is that it opens them up to more money that they can use to trade if they continue losing their money to the market. So it's like an infinite money glitch to get steady income till they can do their trail and error methods in pursuit to find a profitable strategy for themselves. In recent weeks, I have read reviews about people that have worked with these so called experts to manage trade for them or give them signals and my expectations were low but holy f**k.

I guess it depends on the members. If they’re actually profitable, then that means the group is delivering on its goal to help people succeed in trading. But as a trader, I’ve never really seen a group that consistently makes its members profitable, most successful traders are self-taught. So, any group that requires membership fees is likely making money off its members too. also, the information they share is often limited, whereas if we explore and learn on our own, there’s no limit to what we can discover.

There's an advice that I always see when I read threads here and that's, every trader should have an additional sources of income and not only depending on trading hence those opening trading academy to teach others how to trade without necessary taking their money are following that advice of having additional source of income. After learning how to trade and becoming good, you can make use of your talents by teaching others and when you have the capacity then you can take people funds and make use of them for trading. I see those opening academy as people that want to teach others because I have joined some trading academy and gotten good experience. There are many bad academy that don't care about teaching others but only interested in selling their signals and taking others money to trade to make profits, but we also have genuine ones.

If it's a trading academy and they're sharing LEGIT information then I guess I can say that they helping newbies GENUINELY. Sometimes, there are some experts out there that are sharing the knowledge that they have in exchange for some money of course because those information might not also be free when they're first starting to trade as well. Yes, there are many information online where it can help you for free, but these traders are like sorting out the most helpful information that you can use in trading in exchange for some bucks. Now as for signal groups, I really hate them TBH. I tried to join, but not for the sake of following their signals, but because I want to see how it operates. These signal groups for most of the time, are sending random tokens, giving an entry price range, possible stop loss and take profit. The downside is that, these tokens are low trading volume tokens which for me is easier to pump and dump as well. I don't know if I want to follow those signals from these signal groups TBH. As for the academy just to add, the money that they'll be getting will be used for trading purposes that's a given, but they're trying to share their knowledge to others which isn't free as well. We can't blame them if they want to do it that way, and at the end of the day, it's still up to us if we will buy it or rely on those free stuffs.

I’ve seen a lot of such trading academy because many people are added to the telegram group. Those who don’t know anything about trading provide them with some free signal by taking some free from them. Some signals profits from there mostly lose. Actually their real purpose is to take money from simple people. Their purpose is behind big plans so they can benefit and collect suitable capital for them to thread. In many cases, especially when traders succeed and they think their next step is to share their knowledge and experience with others, they start academy but in reality these initiatives are a way to collect funds. So I think we have to come out of such academy and gain knowledge on your own will, you start trading slowly and you’ll see you’ve become a much big trader once.

They sell lessons because they can’t profit from trading. No successful trader sells lessons because them selling lessons would be a threat to their own trades. Let’s say you discovered a very successful trading algorithm that worked in all situations, why would you share it? If other people also use it, they will be positioning themselves on the same side of the trade as you. As you know, traders make their profits by betting against the majority. If everyone makes the same bet, who will be the loser? Youtubers do the same thing too. They are mostly not interested in giving you the real deal. Getting views is all they want.

I've read plenty of articles even stating that most of these trading gurus are making much more money from selling their courses than actually trading and that totally make sense if you think about it. if they're so good they'd be making money with their own strategy but nah, it's obvious that it's definitely not a genuine interest in helping, because if they do they won't charge a dime, but just try to talk to some people who've bought membership into their trading academy I bet 90% would say it's useless and make zero profit out from joining their trading academy or courses.

Their purpose are to make money, but they will brand themselves as teaching/helping. They launch trading academy, they create the course from Google, few traders and YouTube, then they compile it. In order to encourage people to join their academy, they will pick their best student that generate a lot of money from trading, even though the student didn't even use the course and knowledge from that academy. But, the academy will claim the student is successful because of them.

If we do really think about on the general sense then we can really be able to say that if they are making money then they are really just that basically be keeping themselves silent and would trade on their own rather than on hassling themselves on teaching others, and since we are talking about forex then this will really be that basically talks about IB earnings on which simply talks about referral on which they are really that actually making money with that and this is really that very common in forex markets on which those wanna be gurus or mentors do really tell that they are really indeed profitable. Somehow we can already make out some checks in regarding into this one on which there are really those portfolio tracker or lets say that showing up on how profitable they are. As a newbie trader then it will really be that up to you on whether you will be joining them for fast tracking on learning and paying up something or you would really be making yourself as self learn.?

I think traders open their academies purely in their own interest—to make money. Imagine you found a piece of gold—would you go around telling everyone about it and how they could profit from it? I don’t think so. That’s why they’re probably more interested in filling their own pockets than actually teaching others.

In the time we have now and with the technology we also have, helping others now is not possible to determine whether it is sincere or not. Because what I see is just doing it for a living by helping others. So what they are doing is building groups of members, it seems like they want to help but the truth is they are selling themselves by teaching or giving ideas about the knowledge they have in Forex trading. There is no free time anymore especially in the matter of Forex trading whether it is a signal or academy.

I think most of them are doing this to sell their courses online and also to their students physically and as a means to do money laundering because with the publicity that they get from their academy, they can claim they are making large quantity of money but that is a lie as the source of their income is from a different businesses that is not trading. They also take people money and keep on enriching their own account while that of their investors get nothing or a very small percentage of the profits that they are making from trading. I had a mentor that taught me trading without asking me to invest with him but not every trader that has an academy will reject offers from people that want to invest with them for them to get returns.

If they were profiting from trading, they would not have the time to set up a trading academy, think about it, why would you want to open up a trading academy, when you can just sit behind your PC and make money for yourself. Even if we agree that you are so "gifted" in trading, then you would only like to teach your very close friends and family. The purpose of doing this is to raise a bankroll for themselves, they take money from people so that they can have enough capital to trade. People should stop wasting their time joining things like this.

As a trader who wants to start a trading academy, you must be very much successful in your trading career and the evidence of success is not usually hidden, so by your looks people can know if you are successful or not and personally for me, there's how I will examine someone and once I noticed that you are not up or half what you preached, then I will not believe anything you tell me. That being said, newbies are just being too inquisitive to make quick money, that's why they will allow a non competent person to deceived them into paying some sort of money for a jack ass trading training. If those victims paying for those classes can be more smart, they should seek for evidence or proof that totally convinced them that the teacher is a successful trader. I know that there are successful traders that have academy of teaching trading to newbies but there are only very few of the legit ones, and there are so many fake trading academy out there, the trainers who claim to be professional traders are just dog poo who don't know anything about being a successful traders. Perhaps due to some trading knowledge that they have, they just what to use that knowledge to get money from naive newbies who wants to learn how to trade. As a matter of fact, I know many of them in my country side. Personally I can make more accurate prediction than some of them.

You think people would go hire or rent an office to just help other to trade without attaching any benefits from it? No! This is not possible as no one would accept that since they focused on newbies and people who are that looking for a way to start trading. To me their intentions of doing that is making money from newbies who doesn't know their rights and positions while trading.

In my opinion the person sells his services to others because he has the quality offered and as long as it gives an impact to the buyer of the paid class, of course go ahead. But if you feel that buying a trading class is in vain and the results do not affect the growth of your trading portfolio, it is better not to waste your money. In reality class trading in today era is no longer relevant because everyone is able to find information clearly, learn trading methods and strategies autodidactically.

People who are trying to sell their trading course or signals are actually failed traders, they failed to make profits which is why they are trying to make money in other way in the same field because they are aware there are tons of people will be looking for easy money so they will become their prey. When we use common sense then we can realise why they are selling course, if they are actually good in it, do you think they will be telling the money making secret to everyone for $50?