Forex Broker & Fund Managers Scam Explained | with English Subtitles - YouTube

Hi There Guys, Welcome back. this is Kishore here, founder & CEO of Trade Achievers

This is an Important Video

Now its a Wide Spoken Topic in Tamil Nadu

that is about the Forex market Scam

I'm receiving lot of YouTube comments about this

They asked to talk about the scam & why it happened

how can this be a such big issue?

many watched this in news & started to ask me

now many news channels & YouTube channels are talking about this

that someone made 200 - 300 crores scam

first of all, try to understand, this issue became only because, this issue came out to public

since this is the informative age, we have YouTube & social medias

this news came out to public easily

but still now, many are doing this, this one issue was brought out to light

since those scams are being done in small scale, they are not known to many

since this issue was brought to the collectorate`s office & people protested & news channel published, this became a big issue

that is one part of the story

how many did not come to light, still how many companies are doing this

they say that you give me some money, & i will give you monthly returns

so people after receiving 3-4 months of returns, they introduce some other people too, they call it IB ("Introducing Broker") they say you`ll also get a 5% & 10% from their profits

then greediness starts to work

all this comes up to Greediness

"Covet all loss all"

just imagine a company says that they`re gonna give 10% or 20% return every month

our people also don't even give a thought about it, how will he give?

and people start to pour their money there

the Biggest banking system is giving just 6% per year

Biggest investment Banks is giving not even 10% per year

Biggest Mutual Fund companies are giving just 12-13% per year

and they also put a disclaimer, that this is subjected to market risk, if the market falls, we cant do anything

so all these big institutions are not risking more than 15% or 10% in this market

then when these people say that they will give 10% monthly, then yearly it is 120%

so when a person or company promises that he can give you more than double your capital, & when our people also believe that & fall for it, it shows the ignorance & Greediness of the People

We can say ignorance, but we have to admit there is some Greediness involved in this

the big category of people who fall for it or trapped are middle class people

people with 50 or 100 crores are not trapped,

when you watch the news, many say that I put 1 lakh

I put the 2 lakhs in this which I have saved up for my son & 1 lakh for the marriage of my daughter

so many lost like this

these scammer make use of the people`s ignorance

this is not the only scamming company, there are many more scamming companies like this

but our people are still falling for these kind of scams

so I have already spoken about this in detail in our Channel

may be ill show you those video clips, where I have spoke about it in Behind woods & even in our channel too,

Interviewer: Sir, while talking about this. I remember a Dialogue from a film which says, we have to kindle people`s desire

That movie is called "Sathuranga Vettai"

In that they say that we should kindle the people's desire

so while talking about the Desire, attractive, the one thing that is parallel to share market is Forex market

When we talk about Forex, the thing that comes to mind, People ask for 1 lakh & I will you 4000 every month & after 5 years you can get your 1 lakh back

or give me 1 lakh, after 10 years ill give it back as 10 lakhs, so can we believe all these, is this the right path, what exactly is Forex market

Kishore: I`ll Tell you, people should know about it

you`re giving me 1 lakh, and I'll give you 1000 daily

or ill give you 5000 or 10000

How will they Give? you have given 1 lakh, they said that they will give you 2000

he will give you for 5 day, 10 days. then what will happen to you

then a trust will be built, you will get curious, what will happen if I give 2 lakhs

then I'll get 10000 daily

when I gave 1 lakh I got 5000, now when I give 2 lakh I will get 10000. that's people`s thoughts

so this guy will start to do MLM

he will say, you bring 2 more person I will give 1000 rupees commission for that 2 person each

this is the reason for people`s greediness, for eg lets take, you give 1 lakh, he is giving you 5000 per day

he will say go & bring 1 more person

I wont give 5000 to you, but he will be under you but you will get 1000 rupees from that 5000

so what will you day, since you`re getting the payouts for 20 days without any issues, you will go & bring someone too

but the real truth is, these people don't even trade

they wont trade, they are just giving your money back

he takes you 1 lakh & gives 5000 daily to you

after 20 days what will you do? you`ll bring another 10 lakhs

then will bring another 10 lakhs from another person

this will start to circulate, once when the circulation is full, People who started to give money at the beginning & at the middle will get the money without any issues

when will this be a problem is? The end of the day

when the money circulation stops at the end

when more funds do not come

so you don't have cash flow

when they don't have any cash flow, they will start to reduce the %

they`ll say today its a holiday

we are unable to give

so they`ll start to give these kinds of excuses

then they will say, no funds has come, fund is locked here & this & that

you know its illegal and yet you invest in that

many ignorant people even don't know this is illegal

they just put the money in, trusting people`s words

when the funds get locked up, the people who put the money at the last are caught up

how to choose a broker

In forex you can Trade, you can make profits, but the the Question is can you take the money out

can you withdraw your amount?

this is what we must look out for

so don't just buy these fancy stories where people, say I was farmer, nut after trading now I am driving a Ferrari

you can buy Ferrari just by being a Hardworking Farmer

but don't just believe these scams & lose all your money

so don't get lured into these kinds of scams

that is what clearly given in that notice

many are baiting people into these scams

those people can be individuals or any marketing websites

or social media

you can such & such profits, Guaranteed returns, they put all these fancy wordings

they use all the baits to lure people into these scams

so be very careful about all these

they`ll promise we`ll give 5%, 7%, 10% every month

or some say we`ll give 1% return daily

there are lot of scams like these

if you invest 1 Lakhs, you will get 10000 every month for sure

these scammers mainly target the middle class families

the point I am trying to make, Try to be careful

don't get fooled & lose your all hard earned money

so did you see? this is not only for Forex, it can be any market, if someone asks to give them some money & say they will trade and give you so & so % in return, how will he give?

what track record do they have?

so don't just believe these excel sheets, & portfolio statements

they can show you the profit statement, they can open the Terminal & show you, I have so much profit in forex & Stocks & future & options & commodity

simple logic, they may have 2 accounts, one account they may have made profit & in another account they made have lost, they may show you the profit account, what's the proof they`re doing right

you also see that, & believe it, that he made 2 lakhs from 10 lakhs

how do you know that he didn't lose on the other account

so the things many are doing this, & our people are still believing it and losing everything

why they do is, because they don't have the knowledge about Trading

because of these scams, next a false interpretation starts to spread that Market is a Scam & so on

then rumors start to spread that, Trading is scam, trading is Fraud

because now only people started to come in to the market knowing about the market

after many awareness, people started to believe that this also can be taken as Investment

so people also started to come in

when people start to learn & come in, when they see al these, they start to fear that, what happens if I also lose my money like this

Understand this one thing, where you put your money, & how to trade, you must know everything clearly before you do anything

because its all hard earned money

after you lose your money, what's the use of feeling & crying?

a simple logic, before starting a business, how much thoughts & plans will you give to it

before starting a small shop, how much plan would you do

if I open this shop, how much profit will I make, how much loss will I make

where are the loop holes

what to buy? where to buy?

so we analyze all these things & discuss with many & then we start the business/shop

Then we have Profit & loss in the Business

so before starting a business worth of 1 or 2lakhs, a person checks & analyzes all these aspects

the same person gives all the money to an unknown person who promises 5% or 10% monthly without any analysis, this shows our people still hasn't had full awareness about these Money & Financial side

that's why there are many money scams, not only this, there are many which had not yet come out

because you haven't searched, if you search you`ll find out

That's why I am saying it again, if someone promises 5% 10% return, don't just believe them blindly

even if someone says, don't ask them for their track record, tell them to analyze a market

he may I'll show you 3 months of my profits, but behind the scenes he may have done anything

so ask them analyze the Live market

now check whether the analysis achieves or not

then you can believe, he is a genuine Trader, check whether the company is a licensed company

then you go for them, so mostly these fund managers will be mutual funds, or investment bankers

or they can be hedge funds or pension funds

so there are categories investments where you ca invest, may ill put a detailed video about it

Where to Invest the funds?

so if you are not fully convinced about these Fund managing companies, the safest place is we/ourselves are the one who can safely manage the fund more than anyone

it may 50k or 1 lakh, no one can handle your Fund more safely than you

That's why I am saying, Learn this & start doing

many of you may comment here, already many of you teased us

viewers you also know that, you`ve travelled with us

they teased & trolled us, but we don't care about that

many ran after the Freebies

our people cant Differentiate what can be given free & what cannot be given free

people don't estimate the value of a thing

I don't want something free, which I don't need

they said free training & conducted free meeting, you also attended the meeting, then you gave 5/10 lakhs to them & now you cant get 1 rupee back & now you`re regretting it

That's why I am saying, if someone says its free, don't believe it

first of all, understand what the value they`re gonna give

many also asked us, that you`re charging fees for the course

yes we are charging fees, because we know the value of the subject & content we teach

see we run a organization, we don't give free classes & then abscond with people`s money

we are educational institute & we teach people

we have trainers

we have offices in Chennai, Coimbatore & Bangalore

& also we are tied up with NSE Academy

& our fees are inclusive of GST & we have paying the GST to the government

we are filing IT, & our company has clear track record

but people without knowing all these, someone put up some video, they believed them & now they got trapped

but this awareness & education had not reached many of our people

this video also should be a awareness for you

next time don't fall for these scams

I am watching all these scams for 10 years, it is just like a cycle/loop hole

yearly 2 or 3 scams are caught

since it is happening in different places, these news are not coming out

this came out to public, since the issue was big

you are the only guarantee for your own fund

don't believe anyone who promises 5% 10% returns & put your money there

you are the only guarantee for your own fund

don't get fooled or scammed

you are the only guarantee for your own fund

even if you learn slowly & put your investment in shares, it will profitable tomorrow

keep that in mind, don't get trapped in these kinds of scams

its all hard earned money

alright, this video is just for the sake of awareness

next time don't get caught up in these scams

alright, I hope this video was useful, thank you very much for Joining in. Take Care