SHOCKING FACTS found by a trader Mr. Suri - Posted in Trade - Trading Tutorial

[Ravi Palwankar]

SHOCKING FACTS found by a trader Mr. Suri - Posted in Trade 

I spent around Rs.2,30,000 in search of a good advisory firm. I happened to receive numerous calls from advisories as soon as I opened a trading account. they gave free calls. Some of them have worked well. Final result is I lost my capital and advisory fee what I have paid them. 

What I understood is that these advisories are not at all genuine. They are made of up people who lost in this game of trading and want to recoup by cheating new upcoming traders. 

I lodged numerous complaints with SEBI about these fraudulent companies. Here is eye opener. 

SEBI looks into complaints where there exists a written and registered agreement about the promised returns. None of these companies provide such agreements/documents. 

SEBI looks into complaints where the advisories have a registered office and contact telephone number. None of these companies have a registered office as per SEBI requirement. 

SEBI requires that one should effect the payment only when the advisory executes the written agreement which is duly stamped and registered as to promised return. To my dismay no such advisory exists in India. It implies that all of these advisories are fraudsters. 

The advisory includes software vendors such as buy/sell signal systems etc. 

This field is full of leaches who are ripe to suck the blood of beginners and less experienced alike. 

Beware of the claims such as Sure Shot Calls, 100% accurate calls, Make Rs.5 lakhs from Rs.50K no Loss hurry up, HNI calls etc. If they are so sure about their calls, they must be richest people on this planet by trading their own calls. They are not. 

Do not subscribe to their services if they do not trade their own calls.

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With warm regards,

Ravi

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