Concerns on Mushrooming stock trading advice blogs

Concerns on Mushrooming stock trading advice blogs-

Recently with the spread of knowledge amongst internet enthusiasts about blogging, there has been a huge jump in online BlogSpot blogs which are free, and very to easy update information like a website.

The problem is the anonymous people using this to lure online investors and traders community by making such multiple blogs which literally cost them nothing. They simply start updating tips and selling subscription.

One clear thing about their being unscrupulous is simply the
names they keep for their such blogs like

niftysureshotcalls or so and so blogspot.com which is easy and high probable to come into results of search engines. 90% of such mushroomed blogsites do not update sophisticated content to even the minimal quality which could suggest their genuinely about their knowledge of markets and capability of being a prudent and reliable and advisor to investors and traders who come to internet to seek proper stock market advise.

In our short survey we found some dealers at broking companies and students (mainly novices, of course) making and writing such blogs for fun and by getting lured with part-time and extra income.

We appeal investors and traders searching for advice on the internet to be aware of becoming a victim of such practices in stock markets. Otherwise all they’ll do is to blame the markets for their bitter experiences and loss of money…

So next time around you find a perfecttipsfortradingstocksxyz.blogspot.com, think twice before clicking on it…or taking tips from any tom,dick and harry on yahoo messenger. You are ultimately responsible for your loss…

How to choose a reliable advisor on the internet:

They must be real!!-

they must be real persons, and registered entities, having a current account if they take subscription monies. Most of them out there in markets you will find are anonymous…

It’s in the name-

In The name of the blog or site you should notice is that it is a name which is a clear cut attempt to get ahead in search engine results, like stockintradaytips dot com or such other similar dot com dot in or blogspot or such other domain name. This tells a lot about the operator’s genuinity. If you open a bakery shop you don’t name it a ‘biscuit bakery shop’ or if you open a phone shop you don’t name it ‘phone phone store’…Are you getting it?

Updates define them…do they at all know a thing about markets…-

Another important criterion to separate good advisors from the unscrupulous one is the quality of content on their sites/blogs. Many of them have leas updated and common type of pivot levels or typical buy sell tips. Many of them also copy news and contents right away from somewhere, as they don’t care about it if in case they want to stop their site altogether and simply starts a new one…