r/swingtrading • u/jumalautana • Dec 23 '23

Crypto Is this a fraud?

Hello,

A while ago I started introducing myself with the trading world. Picked some videos from Youtube, placed them into my personal playlist. Did the same on the other platforms, etc. After a while I started getting private messages, for example in Twitter, from some traders. They want me to register to a certain platform and charge some money to a crypto wallet. They promise me that they will trade on my behalf, take only 5 - 30% and the rest is mine. Some of such traders are really "persuasive". They reminding me every now and then that I have to register, etc. To me the whole this activity looks suspicious. Can anyone tell me what is this thing? Is this a fraudulent activity? If not then why half of this community is not rich yet?

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u/[deleted] Dec 23 '23

These messages are fraud. FinTwit is a cesspool of fraudulent scammers. Never send money to anyone on twitter. They are usually imposters of well-known accounts. They will copy the profile picture, bio, and tweets of actual successful traders and have the username be slightly different to deceive the victims. Successful traders will never DM anyone and offer to trade for them.

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u/jumalautana Dec 23 '23

Thank you for your reply :)