Take time to do your HOMEWORK before you start
trading/investing or select an advisor
Why traders lose money?
Selecting right advisor for stock market
Do your HOMEWORK before you start trading or select an advisor
Yes, this has been the problem with most if not everyone.
A person wants to trade/invest in the market and for that he
wants some professional/expert advise.
So, he goes on Google and search for the same. In result they
get a lot of advertisement sites as well some other results for the same.
Now, the person opens a bunch of the sites from the result
and surfs them not giving proper time to go inside all pages and read it fully
and also not giving time to compare.
Also, a big mistake made by him is register on the site
for free trial, without knowing what it free trial? Why it is given out?
What will he get out of it? Does it satisfy his needs for what he was looking
for in the first place? Is it the right thing to do? Does any valuable thing
come in free? Can he judge the performace of anyone for next one month based on
1 day advice? (read full article on free trials scam here http://meghainvestments.blogspot.in/2012/07/trap-of-trials-read-why-free-trials-is.html
)
So, he doesn’t do this and simply registers. Why, because of
lack of awareness of the above questions as well as the deep subconscious lure
of ‘free things’ in human nature. Besides, it’s fast, as the ‘unscrupulous
site’ is only asking for name and mobile number most of the time which takes
few seconds to fill up (and they know it).
So, the point is you should not be impatience in starting
your trading and take your time to check out the complete site and try to
figure out below questions by searching whole site, comparing it with other
sites and its services on several points.
Below article can help you with that –
Also TALK TO THEM. You ask many questions and continue
your discussion for many days. This is also a very good point to understand the
real character of the advisory firm and its genuineness. Ask them questions
about their methods and so on. Ask them why 10 points why you should trust them
with your money. (we have this big notice on our site saying discuss with us
before selecting services)
See, just can’t risk your thousands or lacs Rs. by opening
websites in google results and registering in them for free oneday trial. Is this
what you want really? So, TAKE YOUR TIME and DO YOUR HOMEWORK before your trade
or invest( learn some most basic things about trading- available on google
only- devote 1 week or 2 week to find good advisor and selecting and scrutinizing
them). Nothing is running away.
It’s your hard earned money (even if it’s not hard earned,
you wouldn’t want to just throw it away!)
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