Algo TRADING SCAMS ! Your account will become ZERO!

Algo Trading Scams
Yes you heard it right,you entire trading account can get wiped off because of one silly mistake! The world of Algo trading looks very fascinating but it also has a dark side and this video talks about the same. While speaking over the phone with Angad bhai,the idea of making this video took birth. Watch till the end as it speaks about a very sensitive issue which has never been addressed on social media.
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😉About:
Abhishek Kar is an investor cum trader with a decade’s experience in the stock market. He is a TedX speaker and has been a keynote speaker at various university events. With this channel he tries to educate retail about stock markets,derivatives and also helps beginners to learn various concepts of finance ranging from fundamental analysis,options trading,futures trading to technical analysis and even live trading.
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Disclaimer : All the videos made on this channel are for educational purpose. Investing and trading in stock markets is a risky business,hence please do your own research or consult your financial advisor before investing .Abhishek Kar doesnt give any tips or calls,simply expresses views for educational purpose.
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[RandomFocus]

सबसे अच्छा है कि algo trading का प्रोग्राम index या stock के लिए बनाओ या बनवाओ जिसमे कोई breakout alerts या condition True alert system हो। बस, जब अलर्ट वाली घंटी बजे तो ट्रेड अपने हाथ से ही execute करो। मेहनत तो करनी पड़ेगी, अपने आप पैसा नहीं बनेगा सामने बैठ के बनाना पड़ेगा। या फिर स्वयं ही coding सीख के coding कर के छोड़ दो और चलने दो profit loss का खेल लेकिन उसमे भी एक loophole है की आपका conditional प्लान broker को तो पता ही चल जायेगा आपका कोड execute होते ही

[dilipbhandari]

जनता को सावधान करने के लिए आपको बहुत बहुत धन्यवाद ऐसे अच्छे अच्छे व्हिडिओ और डालते रहो

[Bharatmatakijay]

What an amazing analysis !!! You always highlight the second side of coin.

[Expose-cynw]

बहोत सही विडिओ है, भाई मेरा बहोत लॉस हुआ है, शुरू शुरू मे थोड़ा मोटा प्रॉफिट दिखाते है बट लास्ट मे लॉस मे ही जाओगे, अपने खुद का माइंड लगाकर ट्रेडिंग करे, किसी का विश्वास ना करे

[thetravelepic]

I got super scared when I watched the title of this video. Later realised it is not applicable for me as I am writing my own algorithm for my own strategy for my own use. In my opinion, a person who is developer plus trader is a killer combo which I am trying to leverage. Hoping for best results.
Thanks for informative video. Was insightful.

[PlanATrade]

I both a software & hardware engineer with an intraday trader, I know a little bit about algo trading and how to configure, but I will never try and believe algo trading, I always execute my trade manually. It gives me peace of mind. Human mind works differently during trading time.

The only advantage of algo is to punch trades faster and exit faster, at the day end you get a big list of contract note PDF with 3 to 4 figure brokerage and govt fees.

[Malaysiatravelworld]

thanku so much sir thanks for your help i deposited 3000 and 2000 for demo but again he is demanding more but now i will not deposited to see your video thanku these all are scams thanku bro god bless you

[venuchenna]

Abhiskek, your video prevented me in subscribing an algo trading company from Indore.Great video, good explanation, keep doing more such videos so that people like me gets educated on Algo Trading.

[opchaurasia]

I want to ask a question, if account api is shared even then trades will be done in account and profit or loss will credited or debited in account. How will scammer take out money to his account? Apart from this from trading account only bank account is linked which is of customer. How will scammer transfer money to his account?

[kumarmh]

API KEY SHARING MEANS SHARING YOUR ACCOUNT PASSWORD WITH OTHERS. BEWARE OF SCAMMERS. GOOD JOB ABHISHEK KAR ON BRINGING THIS AWARENESS

[ayushgourav]

As a Developer I am just amazed how enthusiastic Abhishek Sir is for educating retail trader
Thank you Sir ❣️

[sudhakarsivaraman]

Better to go with reputed algo platforms like Tradetron, Quantiply, Quantman, Algotest etc

[singh]

Very well explained Abhishek Bhai.
Keep up the good work as always
Thanks for making this video
Kudos.

[wasiahmedansari.tasneemsai]

Jab koi topic samajh me nahi aati to apka video dhoond ta hun. Shukriya.

[AdeetiGupta]

Coding pandit so called algo provider did the same thing like Indore wala call provider. They take your money ask for more if paid once than they block your phone no.recently I experienced it by loosing my hard earned money. They are also known as winning turtule. Thank you Sir for educating us.

[shagunchaudhary]

All Hedge funds are using quantitative techniques for high frequency tradings they spent millions of dollars on improving their quants and algos and they hired the best talent of IT in this field
They make millions or in billions with zero risks with the help of algos but a retail can't afford that technique bcz for this we need to invest a lot of money to make these types of systems

[jitenanand]

This is why common specification for API and common trade language specification for programmatic trading needs to be developed, standardisd by SEBI and NSE, Brokers and all Participants so that all common man can use the spec.

We need innovation in technology and we can do it collectively.

[ashwingeorge]

Because of your video i finally understood how my binance account got hacked. unauthorized trades took place in my account between 3-5am in the morning while i was sleeping.I was lucky enough that only 10% of my portfolio was wiped out .stay safe guys :(

[santoshsawant]

Thanks for your valuable time and knowledge 🙏☺️🙏

[anupampaul]

Hat's off to Abhishek Sir as well as Angad Bhai For Highlighting OnThis Topic🙏🙏