Influencers misleadingly promoting day trading

This topic has 7 replies, 2 voices, and was last updated 6 months ago by ST24.

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June 11, 2024 at 16:01 #180448 Reply
KyleTrades35
I’m sorry but I’ve been appalled to see so many influencers promoting day trading as what, nothing more than a get rich quick scheme. Where are the regulators? Why aren’t they cracking down on these people all over TikTok and Instagram?

TikTok is the worst for it I swear. It’s full of young kids who are going to go into it for all the wrong reasons if something isn’t done!

Let’s mobilise?!
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- June 11, 2024 at 16:17 #180462 Reply
  Otto
  Sadly this is something I’ve seen and it worries me too. Not for us but for our children. TikTok was supposed to be about dancing so why can I see my daughter being promoted misleading investment products? Nobody in them is talking about the risks or sharing a balanced view.
  
  I hate it but don’t know what can be done? I’;m open to ideas!
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  - June 11, 2024 at 16:28 #180472 Reply
    KyleTrades35
    It’s got to be a social media campaign hasn’t it?! It’s the only thing these guys will listen to or understand.
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- June 11, 2024 at 16:28 #180471 Reply
  Stanley
  I stumble upon a YouTube video about how this guy makes $10,000 day trading stocks. The influencer boasts about their trading success, promising viewerss “financial freedom and luxury”.
  
  But what are they missing out? Hmmmm… they fail to mention the risks and exploit vulnerable new traders. Shocking.
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  - June 11, 2024 at 16:34 #180475 Reply
    KyleTrades35
    I’ve not seen it on YouTube but I can imagine it’s just as bad. You can barely go online and escape unrealistic images of it these days.
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  - June 22, 2024 at 12:51 #181452 Reply
    ST24
    “If it sounds too good to be true….”
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- June 12, 2024 at 10:35 #180547 Reply
  Christian Harris
  Participant
  Please don’t get me started 😡
  
  Forex indicators & signal services are all I see on my social feeds!
  
  And if I see Greg Secker’s face once more on a YouTube ad….
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  - June 13, 2024 at 07:01 #180636 Reply
    James Barra
    Moderator
    
    DayTrading.com Team
    If only I had a pound for every time I’d seen a Greg Secker advert!
    
    On a serious note, it is concerning to see videos and messages going viral that do not accurately articulate the risks of online trading and tougher measures to tackle this would be a great step in the right direction.
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  - June 19, 2024 at 06:06 #181297 Reply
    Trade2Day
    Greg Secker is everywhere. Lord knows how much he is spending on YouTube ads 😂
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