๐จ Friends, today I want to share an important point that is for everyone who is trading on Binance or any crypto exchange, or is thinking of doing so.
These days, we come across thousands of people on YouTube who call themselves "expert traders" or "signal providers." These people lure others with attractive thumbnails and high-return promises. Hearing phrases like "100% sure shot signal" and "10x profit in 1 day," people invest their hard-earned money without any research or understanding.
If you have a passion for trading, then learn. Learn self-analysis, understand the market, understand the methods of risk management. But please, do not blindly trust any YouTuber, influencer, or "VIP signal group." These people often look out for their own benefit, not yours.
Recently, a brother told me that he followed a famous YouTuber's signal, and in just 3 days he incurred a loss of nearly 1000 Euro. Think about it, 3 days โ and the money is gone! Not only money, but also along with it came tension, restlessness, and regret. When money sinks, it doesn't just affect the wallet, but also breaks a person's spirit.
The crypto market is already risky. This is not a traditional banking system where there is protection to a considerable extent. Here, making one wrong decision or believing in a fraudulent signal provider can bring you down to zero.
If you have a passion for trading, then learn. Learn self-analysis, understand the market, understand the methods of risk management. But please, do not blindly trust any YouTuber, influencer, or "VIP signal group." These people often look out for their own benefit, not yours.
I urge all of you to protect yourselves and your friends from this trap. This is the time to wake up, to understand. Making money is not difficult, but managing it and protecting it from the wrong people is very important.
Crypto Perho! by Abdullah Mahmood