Last week of 2014 , I was browsing rediff.com and I saw advertisement of a currency trading portal. At that time fortunately I was planning to increase my revenues in 2015 and so on. So the advertisement just pulled my plan of action to try currency trading in the year 2015. I filled up a short form below advertisement containing basic details including mobile number. Basic detail was required just to get a short course on currency trading. But the form contained an undertaking which I needed to accept before initiating the request. I was free at that time but lacked patience in the last week of December 2014 to read the entire terms and conditions for 4-5 pages. Instantly I dropped the plan and left it for another time.
After 2 hours I got a call on my mobile and certainly it was a call from outside India. The person confirmed that if I shown my interest in their site , I replied affirmatively. Then he asked why I did not complete the registration. I informed that before reading terms and conditions how could I accept the offer. The person insisted me that you are not required to pay anything just accept it. I informed him politely that before reading , how could I accept anything although it did not involve any financial transaction. The person tried to convince me but ultimately he was not happy and told ok you read the form accept then will talk. He told the right thing but I felt desperation in his voice.
Another call I got from another currency trading portal. I asked the name of country from which he was talking. It was very surprising that the person was calling from Cyprus. Is there any scarcity of place in India to open a business centre or they are afraid by the law of land or they need extra liberty to operate in India without hitting Indian laws or to be hit by Indian laws.
People need to understand the business model first. How do they operate and whether SEBI , RBI or any government controlled agency is regulating them. I not saying these are fraud. However, we need to be cautious because it is our hard earned money which needs to be pumped in to Curreny derivatives. Now if we talk about the advertisement !!
The first person is a freelance Lawyer ....boss I have heard about freelance journalists but did not hear about a freelance lawyer. I have updated my vocabulary. The lawyers do not know much about future, options, credit derivatives, interest swap , black scholes ...etc etc jargons, but the web site is helping him to earn from currency ups and downs. He may be taught the art of arbitrage etc etc.. The reader of the advertisement will see .. if a lawyers is convinced then the website shall be ok. Now a happy lady ....Aditri .. She is only 29 but now acquainted with earning from currency fluctuations and she knows how to earn , similarly a hotel employee is also bearing confidence and skills to earn from Currency market.
The objective of advertiser is clear.. Tap the middle class earners . Indian middle class market is the biggest market for the world. Currency trading is in the novice stage for India, so there is a great opportunity to educate them with currency trading. IForex and other companies have resources but they lack informed customers, educated customers, known customers, and intelligent customers. Hence its good that they are first educating and then they will earn from them.
There is question ,,, a lot of beautiful Indian heroines hold " LUX " soap responsible for their skins. But nobody from consumer fraternity have come up with the proof (after paying a visit to those celebrities'' bath rooms ) that they do use " LUX ". So we do believe that Mr. Kaur ( this surname is generally used for Sikhs' wives , if I am not wrong ) , Ms. Aditri and Mr. Kunal do take help from iForex to learn currency basics. Best of luck Indians and India !! Hope it would change the fortunes of Indian middleclass !!
After 2 hours I got a call on my mobile and certainly it was a call from outside India. The person confirmed that if I shown my interest in their site , I replied affirmatively. Then he asked why I did not complete the registration. I informed that before reading terms and conditions how could I accept the offer. The person insisted me that you are not required to pay anything just accept it. I informed him politely that before reading , how could I accept anything although it did not involve any financial transaction. The person tried to convince me but ultimately he was not happy and told ok you read the form accept then will talk. He told the right thing but I felt desperation in his voice.
Another call I got from another currency trading portal. I asked the name of country from which he was talking. It was very surprising that the person was calling from Cyprus. Is there any scarcity of place in India to open a business centre or they are afraid by the law of land or they need extra liberty to operate in India without hitting Indian laws or to be hit by Indian laws.
People need to understand the business model first. How do they operate and whether SEBI , RBI or any government controlled agency is regulating them. I not saying these are fraud. However, we need to be cautious because it is our hard earned money which needs to be pumped in to Curreny derivatives. Now if we talk about the advertisement !!
The first person is a freelance Lawyer ....boss I have heard about freelance journalists but did not hear about a freelance lawyer. I have updated my vocabulary. The lawyers do not know much about future, options, credit derivatives, interest swap , black scholes ...etc etc jargons, but the web site is helping him to earn from currency ups and downs. He may be taught the art of arbitrage etc etc.. The reader of the advertisement will see .. if a lawyers is convinced then the website shall be ok. Now a happy lady ....Aditri .. She is only 29 but now acquainted with earning from currency fluctuations and she knows how to earn , similarly a hotel employee is also bearing confidence and skills to earn from Currency market.
The objective of advertiser is clear.. Tap the middle class earners . Indian middle class market is the biggest market for the world. Currency trading is in the novice stage for India, so there is a great opportunity to educate them with currency trading. IForex and other companies have resources but they lack informed customers, educated customers, known customers, and intelligent customers. Hence its good that they are first educating and then they will earn from them.
There is question ,,, a lot of beautiful Indian heroines hold " LUX " soap responsible for their skins. But nobody from consumer fraternity have come up with the proof (after paying a visit to those celebrities'' bath rooms ) that they do use " LUX ". So we do believe that Mr. Kaur ( this surname is generally used for Sikhs' wives , if I am not wrong ) , Ms. Aditri and Mr. Kunal do take help from iForex to learn currency basics. Best of luck Indians and India !! Hope it would change the fortunes of Indian middleclass !!
