Reblog: How safe is my broker?

Investors are often cautioned about investment risk, market risk, etc. by their advisors and brokers. Investing in a particular asset or any equity share in particular, can give back good returns or, on the contrary, even wipe out the basic value of money that you have put in. But did anyone tell you that the broker himself can also cheat you? He can go bankrupt or be a fraud?
Not only have the small ones, but big investment firms have also given their clients a nightmare. If viewed from the brokerage company’s perspective, it is doing a business purely. Profits are their primary motto. And your money, except from the brokerage charges, is a secondary element for them.
So, how can a stock broker deceive you?

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Reblog: Who makes Money Consistently in Day Trading?

This is a blog post by Mastermind, Nooresh. The original post appears here.

One can understand the obsession for Day Trading by just doing a Search on Google for the Words like  – Day Trading, Intraday Trading Tips, Day Trading Tips and the number of sites that pop up catering to it.

BSE, an exchange in India, mentions itself to be the fastest exchange in the world.

Nifty 50 index is world’s most actively traded derivatives contract: Survey – Link

Majority of brokers have 90 – 96% of their business coming from Derivatives

There are a bunch of Discount Brokers with Rs. 0-20 as broking change.

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