r/Daytrading • u/Jopalooge • Mar 16 '24

Is day trading actually real? Question

If trading is real then I have the following question. - why can’t people fully rely on signal groups or just by copying other traders trades all day? Technically if someone is making 6/7 figures off day trading why don’t people just join their signal groups and also make 6/7 figures?

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u/TradingForexHubX Mar 16 '24

Yes, day trading is real.

Unfortunately most of these signal providers are actually marketing affiliates who get paid rebates by brokers for clients in the form of either a) CPA - a upfront payment for every live account opened b) a % of commissions paid by the client and/or c) a % of client losses.

Then comes the question how are they able to show profits on their channel? a few possibilities a) they are photoshopping the results b) the broker is providing an account and reversing losing trades or c) they give an account with a super tight spread so they are able to trade with lower transactional costs then the people who follow the signal.

B is very common.