Influencers misleadingly promoting day trading

  • This topic has 7 replies, 2 voices, and was last updated 19 hours ago by ST24.
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  • #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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      • #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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          • #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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          • #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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              • #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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                • #181452 Reply
                  ST24

                    “If it sounds too good to be true….”

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                • #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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                    • #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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                      • #181297 Reply
                        Trade2Day

                          Greg Secker is everywhere. Lord knows how much he is spending on YouTube ads 😂

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