I see that Binance is still very lax in content censorship, so many bad actors take advantage and invite people to join signal sharing groups to benefit themselves in many ways. I'm not saying all groups are bad here. There are groups that serve the community and create useful things! but there are still a lot of scams here! So how to distinguish them?
Good groups usually never force you to pay any fees. Their purpose is to create a community to share experiences and interact with each other on the same path that everyone wants to take. When there is a reputable community, money comes to them in one way or another... but not by charging you a weekly or monthly fee. If they are really good, why don't they just enter orders and x their assets many times??? If they want to make more money, why don't they become lead traders on Binance?
When you see a call, think again about what the purpose of that call is. Everything has a purpose and a cause and when someone asks you to pay a fee, ask yourself why do you have to pay the fee, who is that person that I have to pay the fee, what will I get? Please be responsible with the money in your pocket. For example: Some people share to buy tokens in advance. Please deposit money into the wallet on website xyz… ! Please ask questions? Why did this person post information sharing this? What do they get? No one works for free, it's just what they do for what purpose! 🧐 Always ask "why" for everything and think about the answer. Then taking action will help you avoid some trouble!
Today we have incredible image editing technology and don't believe the images! Maybe it's fake. Maybe it's true, but using tricks to create... for example, I want to share a short order to buy and sell futures with a profit of hundreds of percent. For me, it's really very simple, just open a hedge position and buy and sell and wait for 1 of 2 to increase to the % you want and share. Many times they share with you their profit position of several hundred%, they won tens of thousands of dollars but their account is in negative with a huge number 🙃 so what is the purpose of them sharing?? Of course they want to make money from you. Have you ever heard of the balance method? Suppose there are 2 groups A and B. You are in group A and I am in group B. They give you a Buy order and me a Sell order. If you win, you will get stopped loss and vice versa. When you lose money, they will comfort you, encourage you and say sweet words to keep you, and on the winning side, they will shout to create greater trust and even ask for donations from you in addition to the weekly fee you pay. urge you to call more of your friends in…. There are also many more sophisticated tricks, so many that if written down on paper they would be longer than the coreless toilet paper roll in your toilet!
In this market everything is anonymous! This is the wild west, the island where gold is hidden…. There are no rules or laws that protect you. Protect yourself. Before taking money out of your pocket to give to an object or an organization, ask many questions why? There is an ancient saying: What falls from the sky is only rainwater and bird droppings. Good bait often lies in the trap.
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