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Course on Fraud Trading

Firstly, I am not a trader. I have not made a single trade in my life until now. My job is to be a full-time investor.

    Let's take a look at the actual issues. Now a days trading became so popular in Assam. Specially, the selling of trading-related courses have became so popular. But it has been seen that a lot of fraud is happening in various parts of the India for the last few years. It’s so sad to see that the so called "trends" came so lately in Assam and people also get trapped in those.

    Presently there has been a large amount of fraud in the market, but people are not aware of it. So be very careful in trading your hard earned money. A lot of fraud come in front of the market, so do some analysis and try to figure out the real possible way to make money in the stock market.

    From few days I have been seeing a lot of videos on the Assamese YouTube channel, but I have not found the answers that I have been looking for. Let's review a few points.

    1.   If a person earns 1Lakhs from trading in a single day, why would they be interested in selling a course for 7k rupees for 5-7 days? Just imagine as if you are earning 1L a day then will you going to sell a course for 7K for 5-7 days? I believed that no one would do it if he earned 1L a day. And also if someone is really passionate about teaching , they will do it for free if they make 1L a day.

    2. I have heard on an interview that one of the famous trader from Assam has 8-9 trading account. The big question is why would someone needs 8-9 accounts. It's is very difficult for a person to manage a single trading account then how would someone be able to manage 8-9 accounts single handily. 

    The reality of those account holders is quite different. Because they do trade from different accounts and only display the account in which they made the profit.  Every day, they make profits from different accounts and display only the profit making account to the viewers.

    A similar incident came to everyone's attention with one of the famous YouTube channel named 'Art of Option Learning' (1.44 million subscribers). Who has tried the above mention trick. You readers can verify this facts with evidence which are available on twitter and YouTube itself. 

    3.  Another well known YouTuber Abhishek Kar, having nearly a million followers on YouTube who has instructs on derivative and option trading. Recently, his profit and loss statement has came in front of everyone that he made a huge net loss in trading. People subscribed to his premium Telegram channel for stock tips, but he himself is under loss. You reads now deeply think about it.

    4.   There is also available a clone app. We can easily figure out how they handle profit and loss to deceive greedy people. Just go on YouTube and search "clone zerodha app scam" you will find a lot of videos.

    At the last, trading is not a very easy business thus be very careful. Don't lose your hard-earned money by watching fake accounts and always remember one thing: if someone makes real money, they will never sell any course or show people their P&L statement to attract people towards them. So be very careful and wise while flowing blindly these so-called "trends" and "YouTubers". 

Happy investing.

-Shaishab

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