9 QUESTIONS TO ASK AND THINGS TO CONSIDER BEFORE SELECTING YOUR
ADVISOR
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- What risk-reward
ratio will you give me?
- Please
give me 10 investors and traders awareness and educational articles
prepared by you.
- What is
your educational qualification and experience in market of how many years?
- Are you
providing advice and recommend only to trade or investment also? (one must
recommend and suggest about long term investment also)
- Will you
give me trading calls in segment which I tell you or will you tell me in
which segments and sub segments to trade? (advisor must not let client to
select their own segment and sub segment, because advisors must know
better than clients who are seeking advice which segments and sub segments
to trade and which not)
- Are you
giving free trial or not? (true advisor will not give free trial. Reason
is simple. He must be already having enough paid customers and not have
time to give free tips. Also such advisor believes ‘free things has no
value and quality thing always has value and are costly. He will ask you ‘How
can you take judgment of my service in 2 day of sample calls? This is
unreasonable’.)
- Do you give
trades daily or there is no fixed frequency of it? (There should not be
any frequency of trading calls giving, every day is not good for trading
and no one knows which day will present best opportunity and which day
worst. So, there should not be fixed frequency of giving calls.)
- What is
your accuracy ratio? ( If the advisor says 70% or 90%, beware. Ask him
about ‘WHAT NET PROFIT WILL YOU GIVE ME AT THE END OF SO AND SO NUMBER OF
TRADES?’ Do not ask about accuracy ratio in %. It doesn’t make any sense
and doesn’t give you any idea about accuracy either.)
- I have 1
lakh trading capital, what kind of exposure will you give me? (if the
advisor say that he will make you trade on full exposure, then beware. A
good advisor always cuts 30% from your trading exposure and then gives you
positions on the rest of size.)
BEST OF LUCK WITH YOUR HUNT FOR A
GOOD ADVISOR!
