Zed Monopoly is a well known Youtuber and Financial Trader. He has been a strong advocate for the trading industry after generating half of his net worth from trading and teaching thousands how to trade, however recently his attitude changed and he has been vocal about it to his followers.
Zed Monopoly has worked in the back end of the industry the last 18 months and he has come to many conclusions including the unethical practices of the industry, The people that over exaggerate trading and showcase massive gains in Zed’s views are not really making money from trading but rather from alternative means that the public is unaware of.
He knows this because he recently sold a business he created around the trading industry for shy of £1,000,000. This business was a simple website he created that has generated him multiple six figures before he sold it, he has multiple of these.
“The industry is so lucrative, those who figure it out can make a killing without even making a single trade, win or lose you make money regardless. If the public found out about it, tomorrow they will try to do the same. Unfortunately not many Influencers want to expose their income so no one will talk about it. I however Will. Trading Is not what it seems. It’s hard, Emotional and you’re surrounded by snakes but it’s possible at a cost.
Even the most legitimate traders I found out to be fraudulent. Trading can work for many if they listen to those who do this for real, however even if they listen and follow the rules they will find themselves losing thousands before they make a single penny, I wouldn’t blame them in most cases, i blame the people they listen to and the platforms they use. It’s way too easy to deceive people on the internet.
I have taken a step back from promoting trading all together even though I still run one of the largest trading chat rooms out there. If I was to promote anything now it would be how to build the same business I built with very little cost, I no longer want to have that responsibility of worrying about people, believe it or not I care about every single person that follows me, I try my best to give good advice but many simply don’t listen”
The financial markets are not for everyone and truly there are things the public might not be aware of that could be costly to them. Exercise caution when dealing with the stock market or any other market, understand the risk and the way’s different players benefit from you.