I frequently receive questions from people asking how they can become better traders. Helping people improve is exactly why I do what I do. While it is absolutely possible to improve your trading through education, you have to be incredibly careful because there is a massive amount of garbage and misinformation out there.

Start with Proven Winners
If you want to learn the right way, start with books written by or about proven winners. To this day, I believe the most valuable resources available are the first three Market Wizards books by Jack Schwager: Market Wizards, The New Market Wizards, and Hedge Fund Market Wizards.

These books provide a direct line into the minds of some of the most successful traders in history—people like Bruce Kovner, Paul Tudor Jones, and Michael Platt—who have remained successful for decades. Everything you need to know about trading is in those pages. Furthermore, these books often lead you to other high-quality resources, whether your interest lies in technical analysis through authors like John Murphy or in-depth fundamental analysis.

The Dangers of the “YouTube Guru”
The internet has made finding information easy, but it has also made it incredibly dangerous for those in the learning phase. In the world of online trading, the best scammers are, by definition, the best salesmen. Just because someone sounds confident or their pitch makes sense doesn’t mean they are legitimate.

Before you give anyone your money or your time, do a background check. Use a simple internet search to find out where they came from. If someone claims to be a big-time hedge fund manager who is now teaching, find out why they aren’t managing money anymore. Did they retire as a multi-millionaire, or were they kicked out because they lacked skill?.

Be wary of review sites, as I have been told by my own members that negative reviews of scammers frequently disappear. In my experience, at least 95% of the “gurus” you see online are not legitimate. The better the pitch, the less likely it is to be real.

Red Flags: Tipsters and Copy Trading
The biggest red flag you can look for is someone selling “tips” or the idea of “copy trading”. These people often claim impossible success rates, like 90% or 95%.

Remember: there is zero regulation for YouTube or social media influencers. They can lie about their returns because nobody is auditing them. As a professional money manager, I am audited by authorities and must show proof for every claim I make. Most online “furus” have no such oversight. I don’t know anyone who has had long-term success with copy trading services, but I know many who lost their trading capital and their subscription fees to these scams.

Focus on Process, Not Predictions
The people you should listen to are those who talk about the truth of trading and the importance of process. Avoid the people who come out with extreme confidence telling you exactly what the market or Bitcoin is going to do. The truth is that over time, nobody knows exactly what the market will do. If they claim they do, they are lying.

Instead, find people who help you learn a process that provides a statistical edge over time. Combining different edges into a cohesive strategy is how you truly improve your chances of success.

I encourage you to apply this same level of skepticism to me. Before you join the Crowded Market Report, search the internet, check my background, and see what our members say. My goal is to help you become a better trader by focusing on the right education and avoiding the many pitfalls that catch newer traders.