Hello,
Many peoples falls into "traders" tactics who post some great percentage of winnings (ex. 70-500% profits 🔥 )
Let explain this strategy and what traders are. In a separate topic, i will also explain the investment strategy and investors behaviors
The truth is, anybody can create a trade of 1-2$ with a huge leverage and just wait for the market trend to trick you how great their lives are and how much money they have
There is no day trader who doesen't mark 50% profit if it's winnings exceed 10% of the trade. For the remaining 50% of profit, they set a stop-loss on break-even or even at 5% profit, waiting for the market to do it's magic. Usually, these trades are closed at maximum 40% profit.
Depending on trade leverage, the currency they are trading should move for 1-5%.
As an example, using 10x leverage, a token should move 1% to generate 10% profits
Another truth is, not even the market-makers generate constant profits, usually they get a 10-25% profit / year, from their total trading volume.
Just imagine if real traders would generate profits as those fakers posts insane percentages, anybody, with just 100$ could become millionaire in 1 year.
If you decide to start trading, do it being fully aware of the risks, atleast, for the first year, you will bring money from your pockets and pay the experienced traders until you will learn to trade. Also, start on less volatile coins like $BTC or $ETH
There are less than 5000 day traders (except companies and market makers) in the world who actually really could live by trading, and probably, less than 500 in crypto space. Don't trust these signals groups at all, nobody wants you to make money, they just want money for themselves. Even those who sell signals, they make money from selling the signals, not by trading.
Sometimes happens to be a winning signal, but, 80% of them, will be losing signals