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LIVE Trading on Social Media, a bane that is majorly used to induce beginner traders and put them into a space where they directly start putting their money into the Stock Market.
They behave like zombies, if nothing else, and trade based on what someone is telling them or showing them on KZbin or any other Social Media.
While a beginner trader must be focusing and putting his or her mind and money on learning the Stock Market, the person ends up wasting 5 to 10 times that money into such trades.
Mostly such people, post going through these losses, never come back to the Stock Market and publicize it pretty badly to the part of the world they live in.
It's a lose-lose situation for that person and the Stock Market in its entirety.
Who wins though? Somebody must be winning.
Well, that KZbinr or Instagrammer or Fake Finfluencer who runs his or her agenda and the people following the channel and taking those illegitimate trades keep changing. The person stays.
We did a video on this ill-practice 6-months back and called it out. Here is the link - • These Fake Finfluencer...
Finally, SEBI has said something on this and this newly added circular clears out that part very cleanly. This concept of LIVE Trading has been kept as a prohibition and now it cannot be used as bait of "educational purpose".
The regulator has taken a cognisense of this and put it in black and white that using LIVE market feed cannot be seen as something educational and has been put as a Prohibition, if not a violation.
Watch this video where we discuss this circular at length and explain why and how this will help the Retail Trader in the long run.
Salute to SEBI for taking this step, eventually.
Here is the Circular link - www.sebi.gov.i...
Have you been scammed? File your complaint at - aseemjuneja.in/
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