Donot get cheated

Vertigo_1985

Well-Known Member
#21
Cheating is a one sided affair this is a case of setting up deals based on mutual mistrust.The investor seeking advice is not always a fool that they don't know it is not possible to get guaranteed returns.There is no such thing as guaranteed return in this area.

But not many like to believe it so stories are presented in a twisted format.
Didnt know that even thieves and cheaters would get so much support here, daal mein kuch kala hai :lol::lol::lol::lol:
 

suri112000

Well-Known Member
#22
Didnt know that even thieves and cheaters would get so much support here, daal mein kuch kala hai :lol::lol::lol::lol:
daal mein kuch kala hai . Replace the word "kuch" with "jyada".

Leeches are floating everywhere.:rofl::rofl::rofl::rofl:
 

mohan.sic

Well-Known Member
#23
Is it? Business is making money by providing the needs of customer but not by cheating. I agree that our legal system is weak enough to send these culprits behind bars. It does not vouch for their smartness.
So you think when you pay some fee to that advisory you are doing business with him ? What kind of business is this ? Is it legal ?

Did he guarantee you any returns ?

These kind of cheaters are everywhere around.

Stop crying as there is no use at this point. I say crying because you are presenting youself as a victim. But have you ever thought that you are in a way culprit in this. For eazy money you ignored your common sense and blindly believed in people who claim 95 % accurancy and that too repeated the mistake number of times.

Cheaters are there in every walk of life. But when it comes to stock market the strangest thing is the cheater will tell you in advance : " Hey look man i am telling you a fairy tale about 95 % Accuracy and you gonna believe me because you want easy money " He already told you that he is cheating you but we ignore it.

And later we complain about the cheater instead of introspection.
 

suri112000

Well-Known Member
#24
So you think when you pay some fee to that advisory you are doing business with him ? What kind of business is this ? Is it legal ?

Did he guarantee you any returns ?

These kind of cheaters are everywhere around.

Stop crying as there is no use at this point. I say crying because you are presenting youself as a victim. But have you ever thought that you are in a way culprit in this. For eazy money you ignored your common sense and blindly believed in people who claim 95 % accurancy and that too repeated the mistake number of times.

Cheaters are there in every walk of life. But when it comes to stock market the strangest thing is the cheater will tell you in advance : " Hey look man i am telling you a fairy tale about 95 % Accuracy and you gonna believe me because you want easy money " He already told you that he is cheating you but we ignore it.

And later we complain about the cheater instead of introspection.
We have become so comfortable living with the cheaters all around. It stopped looking illegal anymore. If the things are played so fair, there should not be the need of enactments such as Cosumer Protection Act, the Regulatories such as SEBI, TRAI. Hey ! Its not wrong seeking expertise in the field by paying them. Are not we paying Doctors, Lawers, Chartered Accountants for their services ? I am crying on the delivery of services for the fee paid. I am crying on the inducement of the need of taking their services because of their hype called "Unfair Trade Practices".

You have not gone through the thread........what my intention here is. Spreading the Awareness. My thread should work like a sign board for the traders indicating the dangers ahead if you go ahead without exhibiting due care. It should save you before the accident happens.
 

aryan.

Active Member
#25
I am crying on the delivery of services for the fee paid.
Pretty much each and every tip based service has a disclaimer in their agreement that our advice is not guaranteed to work. So I am not sure what delivery do you expect?

Just think about it, if their tips actually worked why would they share it with you, they would trade/invest their own money and get rich.
 

suri112000

Well-Known Member
#26
Pretty much each and every tip based service has a disclaimer in their agreement that our advice is not guaranteed to work. So I am not sure what delivery do you expect?

Just think about it, if their tips actually worked why would they share it with you, they would trade/invest their own money and get rich.
It goes like this. "Sure shot calls". Disclaimer :- Our calls may or may not work. Fee : Rs.10,000. Fee once paid is non-refundable.

I know it is foolish on my part to take the services. But what I want to say is-- this is "Unfair Trade Practice" which is an offence as per prevailing Act. They know it will not work because they are not sure if it will work. They are trying to sell something, for a fee, which they know very well that the service/product is defective and will not fulfill the need of the customer. It is an offence because they are trying to sell willfully defective products by advertising them as effective products and that too for a fee.

The cheater is not recognized here as offender.
 

mohan.sic

Well-Known Member
#27
We have become so comfortable living with the cheaters all around. It stopped looking illegal anymore. If the things are played so fair, there should not be the need of enactments such as Cosumer Protection Act, the Regulatories such as SEBI, TRAI. Hey ! Its not wrong seeking expertise in the field by paying them. Are not we paying Doctors, Lawers, Chartered Accountants for their services ? I am crying on the delivery of services for the fee paid. I am crying on the inducement of the need of taking their services because of their hype called "Unfair Trade Practices".

You have not gone through the thread........what my intention here is. Spreading the Awareness. My thread should work like a sign board for the traders indicating the dangers ahead if you go ahead without exhibiting due care. It should save you before the accident happens.
:) I have not criticized your act. Just trying to say that you are mainly responsible for what happened with you.

You can call these tips providers as ethically wrong people but technically most of the cases they cant be proved legally liable for their acts. Dont blame the laws and system for that. Laws are not meant to save us from unwise acts.

You visit a doctor due to illness is normal but if you visit some doctor who advertised that he can make you grow taller by 5 inches ...is unwise act from our end.

There is no need to explain your intension. Its very clear ..you are spreading awareness. How can anyone doubt that. But spread awarness about both the parties. 1) About these fake advisory people and 2) Foolish acts of traders and stupid get rich quick ambitions.
 

suri112000

Well-Known Member
#28
OK. At last you have acknowledge the fault with tips providers.

Let us examine why traders behave stupidly.

I have no knowledge about day trading before I started. Whatever I learnt is through Internet browsing, brokers.

Infact, it is the profession which has no formal education prescribed. It is the profession based on experience in the field and the years of experience has not been prescribed. It is a profession which is more of an art than of a science.

It is the net which exploits the new comers to their deepest and fullest. In the absence of prescribed formal education in this field, people tend the fall prey to the gullible tips providers, buy sell signal softwares, trading courses like technical analysis in the hope that they would get some insights into trading rather than making lot of money. Making lot of money is the primary reason for new traders to enter market, once they realize it is not easy, they resort to believing that there is some magical formula with successful traders to make profitable trades. It is this search which makes them fall prey to these scandalous cheaters who deceptively pose themselves as winners of the market.

Lack of reliable formal education in the field of trading is the root cause of this growing menace of cheating and deceptive trade practices.

How many of day traders know the fact that 90% of day traders fail in this field even before they realize what it takes to be successful in trading. The new comers into the field do not know anything except a caution that trading in equities is risky.

The facts and figures of day traders is not published officially by any official agency. Even the brokers are reluctant to share the real fate of the accounts of their customers who have accounts with them.

Whatever the information and news received by the traders is either manipulated or deceivable.

Hope this clarifies how and why a new trader behave foolishly.
 

mohan.sic

Well-Known Member
#30
OK. At last you have acknowledge the fault with tips providers.

Let us examine why traders behave stupidly.

I have no knowledge about day trading before I started. Whatever I learnt is through Internet browsing, brokers.

Infact, it is the profession which has no formal education prescribed. It is the profession based on experience in the field and the years of experience has not been prescribed. It is a profession which is more of an art than of a science.

It is the net which exploits the new comers to their deepest and fullest. In the absence of prescribed formal education in this field, people tend the fall prey to the gullible tips providers, buy sell signal softwares, trading courses like technical analysis in the hope that they would get some insights into trading rather than making lot of money. Making lot of money is the primary reason for new traders to enter market, once they realize it is not easy, they resort to believing that there is some magical formula with successful traders to make profitable trades. It is this search which makes them fall prey to these scandalous cheaters who deceptively pose themselves as winners of the market.

Lack of reliable formal education in the field of trading is the root cause of this growing menace of cheating and deceptive trade practices.

How many of day traders know the fact that 90% of day traders fail in this field even before they realize what it takes to be successful in trading. The new comers into the field do not know anything except a caution that trading in equities is risky.

The facts and figures of day traders is not published officially by any official agency. Even the brokers are reluctant to share the real fate of the accounts of their customers who have accounts with them.

Whatever the information and news received by the traders is either manipulated or deceivable.

Hope this clarifies how and why a new trader behave foolishly.
friend, am repeating ....ur the missing the crux.

Ofcourse these tips providers are fraud people and no one is denying that at any point. But let me tell you that the main reason for what happened with you is YOU.

1) As a starter one may not have any knowledge in trading. But what about common sense ?? Thats not related to market knowledge yet it has to be used in every aspect including Trading. Problem is we dont use that common sense while trading and the reason is nothing but eazy money. Its not that we dont have common sense, but we ignore it.

Let me ask you this and please dont take it other way....What happened to your common sense when some one is assuring you huge returns? You must think that if someone could do that, why would he come to you begging for a fee? You must think that when he can earn your monthly fee in a sngle trade, why he should be behind you giving trails for his service. Its all common sense and there is no need of any stock market knowledge to understand this.

You are assuming that i am not against these tips providers. Its not like that, I hate these sham people as much as you do.

Forget about tips providers for sometime. Lets talk about brokers and their dealers, they call you and somehow make you trade with their stories and mostly we end up in a loss. They do it just for their commissions. In a way these dealers are also like tips providers, one does it for a montly advisory fee and other for a commission on trade value. Same goes with Mutual fund agents and Insurance ( market linked ) schemes. Insurance industry is strictly regulated by IRDA, but what happened with ULIP schemes.

When people who are working under regulators are doing such horrible things what are you expecting from tips providers.

Our common sense if applied properly can alone save us 90% of times.
 

Similar threads