Which is the best Trading tips provider in India?
- Asked By
- Updated On:07-May-2021
- Replies:4
Short Answer
There is not one particular Intraday trading Tips provider. While following a trading tip provider one should ensure that they are SEBI registered and have a decent track record of good Accuracy in their tips provided. The best way to get genuine tips is to follow the tips provided by Full-Service Brokers or Other SEBI Registered Companies who provide trading tips.
Detailed Answer
Trading Tips-
There are many Trading Tips providers in India who provide Intraday and Positional Trading tips. There is no Single Best Trading Tips Provider in India but there are some companies that can be trusted.
Some points to remember before taking any kind of tips from anyone-
- Check whether they are SEBI registered or not- In today's times one would not find a shortage of Tips proving individuals online but 95% of them are not SEBI registered and not qualified enough to provide any trading-related tips to anyone. Hence one should not follow these online tips providers or So-called Finance gurus.
- Check the past performance of the Trading Tips provided- If there is sufficient past data available and the accuracy is more than 75%, only then they can be considered or else if there is no previous track record or history of the Trading tips provider then there is no need to follow such sites.
- Never follow any tips based on Phone calls- One may get a phone call from a random number, providing you with intraday calls and tips. You should stay away from them as much as possible, as there is a high chance they are trying to defraud you and get some money as admission fees etc. Once you pay them you might never be able to contact them anymore.
Now that one understands who not to trust, let's see who all can be trusted-
- A Full-Service Broker- To get any valid trading Tips, it is best to open an account with a Full-service broker who provides trading tips. Any Stock Broker will have to be SEBI registered and apart from that, there is no extra charge for the Trading tips as Full-service Brokers charge higher AMC (Annual Maintenance Charges), and all these features are included within the Annual charge. These brokers provide Trading Tips with pre-defined Stoplosses and targets. Brokers like Angel Broking, Kotak Securities, and many more are well known for their good track record for providing trading Tips.
- SEBI Registered companies- There are certain companies that are SEBI registered who provide regular Intraday tips like A1intraday tips and many more. These Tips providers charge a lot of money in exchange for their trading calls but there is no guarantee to make money after subscribing to their services.
These were the 2 ways in which one can get Intraday Tips in the safest way possible.
Conclusion-
To conclude, one should remember that only by following these trading tips one cannot make money consistently. One should invest time and money learning about Technical and Fundamental analysis that will help them throughout their life in Trading. Any tips provider doesn’t guarantee certain profits in their tips hence even if you make huge losses in their tips then also you cannot ask for your money back. One might get lucky and get some money here and there but eventually one will end up losing more than that they received in a single trade if proper discipline and money management are not followed.
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Discussion (3)
There are many authentic type providers on many apps these days on web. It is important to understand your goals and success of tip provider to have a great investment portoflio
Yes, it's important to confirm the authenticity of the so-called tip providers because people are increasingly being duped by those who promise to make a lot of money in a single day by showing huge profit screenshorts.
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