There are a lot of books,pundits and websites that are starting to guarantee amazing returns by giving you nifty future tips.These scamsters and fraudsters have only one game plan which is not to make you money but to take your hard earned money.Note there is nobody who will give you nifty future tips that will make you money.Simple reason is that if these jokesters knew a way to make money,they would be making it themselves rather than wasting time and effort giving you tips.Have you ever heard of a successful person in a field giving you sureshot tips in generating easy wealth.Then why should these websites give you tips for paltry sums.These websites have a very simple business model which is to lure common people to their scams by paying money for a month or a year then giving them useless shit which will lose you more money.
The Nifty Trading Tip Industry is filled with innumerable websites,scamsters who are trying to make a quick buck of gullible retail investors.Almost all Indian websites are filled with text and print display ads in which websites offer you hundreds of percent returns on your money by providing you daily tips on the Nifty.You are bombarded with ads and even the Google home page contains ads by these scamsters.Note earning ANY MONEY through day trading is a tough task let alone 100% or more.The fraudsters provide you tips not based on any commissions but using a monthly rental.Note these websites have no business model except scamming for they have no costs except for marketing and spending.If they manage to snare even a single subscriber its a pure Rs 3000 profit .
The Reserve Bank of India has clarified that Indian individuals cannot trade in the forex markets under FEMA rules.Note a number of Indian brokers and forex companies were advertising heavily promising big returns to retail investors.Note forex markets are extremely tough to trade even for professional traders for institutions.For retail investors they are a sure shot way to lose money in large amounts.Note forex markets offer much higher leverage than normal Futures Equity markets.Being an effectively zero sum game and requiring high amounts of knowledge ,forex markets are just too sophisticated for retail investors in my view.But they are quite lucrative for forex trading portals and companies whose main target semgent are retail investors.