It is important to learn the concepts of the stock market before making any investment decisions on your own. At the same time, it is crucial to register for an authentic course.
Sometimes, people with basic knowledge deceive others by selling their courses online. Vipin (name changed) got trapped in one such case and ended up losing his fees and facing disappointment.
Here is the complete story and some tips at the end for you on how to find an authentic course provider for yourself.
Vipin: Hi Sir, I need to tell you about an issue I had with an options trading course I signed up for.
ADB: Okay, please tell me what happened.
Vipin: I found this course that promised to teach a profitable options strategy. The instructor claimed he would teach us how to succeed in options trading.
ADB: That sounds promising. Did it work out?
Vipin: Not at all. He only taught the basics, like what Option Greeks are and what CE and PE mean. When I asked about the strategy, he kept making excuses and delaying.
ADB: Did he ever teach the strategy?
Vipin: No, he didn’t. Eventually, he deleted the strategy section altogether. He stopped reading my messages and now runs a Telegram channel instead.
He’s completely abandoned the app where he used to teach, called The Bharitya Trader App (name changed).
ADB: That’s really disappointing and unprofessional. Have you tried contacting him through the Telegram channel?
Vipin: I did, but he ignores my messages there as well. It seems like he’s just moved on without fulfilling his promises.
ADB: This is a clear case of fraud. You should report him to the relevant authorities and warn others about his unethical practices.
Vipin: I will, Sir. I don’t want anyone else to fall for the same scam.
ADB: Yes, it’s important to take action against such fraudulent individuals. I hope you get justice and that others are protected from similar experiences.
Vipin: Thank you for your support, Sir. I’ll make sure to follow through.
Such incidents dishearten beginner traders and leave them with a choice of either looking for another course provider, which is difficult for them to trust, or following tips and advisory from unregistered platforms, which eventually leads to bigger losses.
Yes, sometimes these situations make them abandon the dream of trading or investing in the stock market.
However, there are ways to find a reliable and authentic course provider, both online and offline. Here’s how:
