Trading Coaching Scams
Trading is still continuing to be the Biggest Wealth Destructor in Stock Market. One of our new client shared is pathetic story of Coaching Scam. He signed up for Day Trading Coaching class for Rs. 1 Lakh. The coaching was for 1 week period & he learned a lot of Candle Sticks & Chart reading techniques.
After completing the Coaching, he started to Trade with the same techniques. Some profitable trades were there but he cannot make that Rs. 1 lakh to 1 Crore kind of gains! When he checked the brokerage charges & high capital gain taxes – his real returns were less than 20% annually.
He complained to the Coaching Trainer & the reply was awesome: You did not learnt well! 
I said to him: You missed the 2 important checks to validate a fraud advisor on high paid schemes- see next.
What went wrong?
Remember, Education is a Risk-free business with No-Guarantee on results!
The same kind of scam I witnessed 10 years before. Since I am a fan of Robert Kiyosaki, I was following his page. Then they run an Ad for Trading Coaching. The charges was super high like Rs. 5 Lakh.
How I escaped from it?
Since the money is too high, I asked them to give contacts of past participants to validate they are making profits.
They resisted not to give it!
Then I asked to show their last 3 year Capital Gain Statement to Prove Profitable Returns!
They did not gave it!
The reason was weird: They don’t have time to trade 
Later I understood he was outsourcing his Brand Name with another scam company! Trust is sold!
What is the Conclusion?
Futurecaps is Not against trading. You can do trading if:
– You have lot of free time
– You have a good advisor (not coaching)
– You have good trade accounting
– You have 300% returns annually (as after 30% tax it will be 200% returns)
Remember, the Opportunity Cost of Capital is important – You could be doing a part-time job to earn more rather than trading. You are loosing India Growth Economy Years while trading. You are paying 30% tax on profits. Hence 300% Returns is important so you will ultimately have 200% returns which is 10 lakh profit on a capital like 5 lakh!
if not – it is not profitable way!
That is why No Traders are in Top Riches in the world!
That is why Celebrity Investors do not trade!
Investing is Passive where your money works for you!