This is not Trading this is scam - Exposed: The Truth About Color and Binary Trading

Summary

The video script appears to be a commentary on the dangers and allure of trading and betting apps, particularly targeting the youth and unsophisticated traders. The speaker warns about the risks of getting involved in such activities, emphasizing the psychological impact of losses and the manipulative tactics used by these platforms to ensnare users. They discuss the systematic approach of these apps, including how they target specific demographics and manipulate users into a cycle of loss and revenge trading. The speaker also touches on the importance of focusing on education and career over getting involved in potentially harmful financial activities. They advise viewers to be cautious, do thorough research before investing in any financial market, and avoid falling into traps set by these platforms.

Takeaways

• 📈 Youngsters aged 16-20 are engaging in various forms of gambling, mistakenly thinking they are trading.
• 🔍 There is a distinction between regulated stock market trading and unregulated betting apps.
• ⚠️ Color trading and binary trading are forms of gambling, not legitimate trading.
• 💰 Betting apps lure users with initial small wins to trap them into bigger losses.
• 📉 Many young individuals, even students, are getting addicted to gambling, impacting their education and future.
• 💼 Financial influencers are aware of these scams and often choose not to promote such apps to protect their audience.
• 🔒 The financial sector and legitimate trading platforms are regulated to prevent broad manipulation.
• 👨‍🏫 Education and awareness are crucial to prevent youngsters from falling into the gambling trap.
• 🛑 Young people should focus on their studies and career growth instead of gambling.
• 🔄 The pattern of gambling apps targeting specific communities to gain users and create addiction is a deliberate strategy.

Q & A

What is the main topic discussed in the script?

The main topic discussed in the script is the issue of trading and the promotion of betting apps, particularly targeting young audiences and the potential risks associated with it.

What types of trading are mentioned in the script?

The script mentions 'color trading' and 'binary trading' as types of trading that people are involved in.

What is the potential impact of the betting apps on young people according to the script?

The script suggests that betting apps can have a negative impact on young people, leading them into a cycle of gambling and potentially ruining their careers and financial stability.

What is the demographic that seems to be most targeted by these betting apps, as per the script?

The demographic most targeted by these betting apps, according to the script, includes young individuals between the ages of 16 to 20, particularly those who have recently completed their 12th grade or are just starting out in their careers.

What is the speaker's view on the promotion of betting apps among the youth?

The speaker is critical of the promotion of betting apps among the youth, warning about the dangers of falling into the trap of gambling and the potential long-term consequences.

What advice does the speaker give regarding financial decisions and investments?

The speaker advises to focus on education and career growth instead of getting involved in risky financial activities like betting. They also suggest starting investments only when one has their own money and is financially educated.

What is the speaker's stance on the influence of betting apps on social media?

The speaker is against the influence of betting apps on social media, stating that it can lead to manipulation and exploitation of young audiences who are not financially educated.

What is the term used in the script to describe the type of trading that is likened to gambling?

The term used in the script to describe the type of trading that is likened to gambling is 'color trading'.

How does the speaker describe the psychological impact of losses on individuals involved in betting apps?

The speaker describes the psychological impact of losses as emotionally devastating, leading to a negative hit on individuals' emotions and potentially causing them to take revenge trades, further deepening their financial troubles.

What is the speaker's suggestion for young people who are looking to build a career or grow personally?

The speaker suggests that young people should focus on education, career growth, and making informed financial decisions. They should avoid getting involved in betting and trading without proper knowledge and financial education.

What warning does the speaker give about the potential legal and financial consequences of engaging in betting apps?

The speaker warns that engaging in betting apps can lead to legal issues and financial losses. They mention that the government is taking a significant amount of tax from these activities, indicating their scale and potential for harm.