Let's Discuss Tips Provider Service Frauds Here.

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msa5678

Well-Known Member
#1
There are many TIPS PROVIDER SERVICES, and it becomes quite difficult to choose one of them from the lot available in the market. General procedure adopted when searching for a true provider is to check for their past performance. But when the past performance also turns out to be a fake. Then the user is left with no choice.

I request all of the members to express their experience or opinions about the TIPS PROVIDING COMPANIES here.

With Regards,

MSA
 

msa5678

Well-Known Member
#2
Biggest Fraud in this sector is "TRADE4TARGET".
Package Name = TFT INTRADAY PREMIUM JACKPOT .
Monthly Charges = 15000 .
Past Performance = Month of May To date --5,83,875 --Profit from 3 lots.
Modus Operandi = They will send two tips before the market opens and disappear. 95% of the time the tips fail and they claim 95% of the tips pass.
 
#3
Biggest Fraud in this sector is "TRADE4TARGET".
Package Name = TFT INTRADAY PREMIUM JACKPOT .
Monthly Charges = 15000 .
Past Performance = Month of May To date --5,83,875 --Profit from 3 lots.
Modus Operandi = They will send two tips before the market opens and disappear. 95% of the time the tips fail and they claim 95% of the tips pass.
Are you trading on tips, bro ? If yes, isn't that the first thing we should eliminate from our trading ?
 

msa5678

Well-Known Member
#4
Are you trading on tips, bro ? If yes, isn't that the first thing we should eliminate from our trading ?
Hi kmgsm,

I used to do trading on tips. That was in the beginning, After being fooled by many a tipsters, I came to know about iCharts forum, from there I came to know about Traderji, then things started really moving after coming here. Will you beleive me that I didn't know about Amibroker before that. Now I can write my own AFL , I mean a medium one. Currently am trading completely on my own, and this is the first time that some small profits have started showing. So I am making an effort now to make aware the general public about the frauds going on in the market.
 
#5
Hi MSA....

You are right about the frauds taking place as Tips Providers. The fees asked by these people are very expensive & past performances shown of them is not verifiable.....(its very boring too).
Instead of checking other guys past performance... I prefer to use the same time for self-study of market movement & strategies workable.

Normally....website tip providers are not very much popular with people who use either less internet or do not use internet at all.

But the real culprits (misguiders) I see--- is people at Business TV channels. The whole nation (literate/illiterate/educated/uneducated) watch/listen these tricky experts. They could be of their own research-staff or paid/free analysts (local or imported)---
All just do the work of misguiding the general people - either by twisting the news, delaying the news, wrong interpretation of news, giving false hopes, etc. on every opportunity they get.

My best time is when some GORA's(imported experts) come on the channel with their expert opinions about 'India' & 'Indian Makets'.

Inke khud ke ghar me aag lagi hui hai... log bhooke mar rahe hai... economy sadh gayi hai...aatank macha hua hai... Lekin iske parwah nahi. (Don't agree with me.. look around US market/European Markets)
India ka grading/degrading...sabhi prakar ke analysis kar-kar ke hamare market ki Band jaroor bajaayenge.
Channels feel very proud to present them & clap:clap: for their bakwas. (screen ke neeche likhne se chookte nahi==> Breaking News!! Exclusive Report. No One Else has this information).


I wish all traders/investors not to fall prey to such tricksters.

Regards,

CMAK:cool:
 

rkkarnani

Well-Known Member
#6
The subject is not worth discusssing at all!! Almost all tipsters are frauds and this subjest has been a matter of discussion N number of times... at times general and at other times specifically a Tipster!! Most of it was and is being done to "warn" others from falling into the traps set up by tipsters!! But friends , preach as many times as you like but people will only learn the hard way : After loosing money to Tipsters!! And this is what the Tipsters thrive on and shall continue to do so!!!
 
#9
Hi msa,
Thank you very much for starting a thread on fraudful tipgivers. Its really a timely help for me, since I was thinking of giving up my teaching job and taking up daytrading as a profession after going through some of the wonderful websites on trading tips. Now I am wondering really what to do and its now scary.....

Thanks friend and all of you who have shared their valuable views on this.
 

msa5678

Well-Known Member
#10
Hi msa,
Thank you very much for starting a thread on fraudful tipgivers. Its really a timely help for me, since I was thinking of giving up my teaching job and taking up daytrading as a profession after going through some of the wonderful websites on trading tips. Now I am wondering really what to do and its now scary.....

Thanks friend and all of you who have shared their valuable views on this.
Hi ushasunil,

You have come to the right place if your intention is to daytrade. There is lot of material on this site , which can be utilised for becoming a sucessful trader. First step , IMHO is to get amibroker installed , load a good AFL , and start trading with NIFTY MINI lot.
 
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