This is not Trading this is scam - Exposed: The Truth About Color and Binary Trading

Dinesh Kirola

5 May 202413:37

Summary

TLDRThe video script appears to be a commentary on the dangers and allure of trading and betting apps, particularly targeting the youth and unsophisticated traders. The speaker warns about the risks of getting involved in such activities, emphasizing the psychological impact of losses and the manipulative tactics used by these platforms to ensnare users. They discuss the systematic approach of these apps, including how they target specific demographics and manipulate users into a cycle of loss and revenge trading. The speaker also touches on the importance of focusing on education and career over getting involved in potentially harmful financial activities. They advise viewers to be cautious, do thorough research before investing in any financial market, and avoid falling into traps set by these platforms.

Takeaways

📈 Youngsters aged 16-20 are engaging in various forms of gambling, mistakenly thinking they are trading.
🔍 There is a distinction between regulated stock market trading and unregulated betting apps.
⚠️ Color trading and binary trading are forms of gambling, not legitimate trading.
💰 Betting apps lure users with initial small wins to trap them into bigger losses.
📉 Many young individuals, even students, are getting addicted to gambling, impacting their education and future.
💼 Financial influencers are aware of these scams and often choose not to promote such apps to protect their audience.
🔒 The financial sector and legitimate trading platforms are regulated to prevent broad manipulation.
👨‍🏫 Education and awareness are crucial to prevent youngsters from falling into the gambling trap.
🛑 Young people should focus on their studies and career growth instead of gambling.
🔄 The pattern of gambling apps targeting specific communities to gain users and create addiction is a deliberate strategy.

Q & A

What is the main topic discussed in the script?
-The main topic discussed in the script is the issue of trading and the promotion of betting apps, particularly targeting young audiences and the potential risks associated with it.
What types of trading are mentioned in the script?
-The script mentions 'color trading' and 'binary trading' as types of trading that people are involved in.
What is the potential impact of the betting apps on young people according to the script?
-The script suggests that betting apps can have a negative impact on young people, leading them into a cycle of gambling and potentially ruining their careers and financial stability.
What is the demographic that seems to be most targeted by these betting apps, as per the script?
-The demographic most targeted by these betting apps, according to the script, includes young individuals between the ages of 16 to 20, particularly those who have recently completed their 12th grade or are just starting out in their careers.
What is the speaker's view on the promotion of betting apps among the youth?
-The speaker is critical of the promotion of betting apps among the youth, warning about the dangers of falling into the trap of gambling and the potential long-term consequences.
What advice does the speaker give regarding financial decisions and investments?
-The speaker advises to focus on education and career growth instead of getting involved in risky financial activities like betting. They also suggest starting investments only when one has their own money and is financially educated.
What is the speaker's stance on the influence of betting apps on social media?
-The speaker is against the influence of betting apps on social media, stating that it can lead to manipulation and exploitation of young audiences who are not financially educated.
What is the term used in the script to describe the type of trading that is likened to gambling?
-The term used in the script to describe the type of trading that is likened to gambling is 'color trading'.
How does the speaker describe the psychological impact of losses on individuals involved in betting apps?
-The speaker describes the psychological impact of losses as emotionally devastating, leading to a negative hit on individuals' emotions and potentially causing them to take revenge trades, further deepening their financial troubles.
What is the speaker's suggestion for young people who are looking to build a career or grow personally?
-The speaker suggests that young people should focus on education, career growth, and making informed financial decisions. They should avoid getting involved in betting and trading without proper knowledge and financial education.
What warning does the speaker give about the potential legal and financial consequences of engaging in betting apps?
-The speaker warns that engaging in betting apps can lead to legal issues and financial losses. They mention that the government is taking a significant amount of tax from these activities, indicating their scale and potential for harm.

Outlines

00:00

📉 Warning Against Binary and Color Trading

The speaker addresses the issue of trading, specifically binary and color trading, and warns about the risks involved. They mention that these types of trading are often promoted on Instagram and other social media platforms, luring young people with dreams of easy money. The speaker advises their audience, particularly those with financial literacy and influence in the financial sector, to be cautious and not fall for such schemes. They emphasize that these trading methods are akin to gambling and can lead to significant financial loss.

05:02

🚫 Dangers of Getting Involved in Betting Apps and Trading

This paragraph discusses the perils of engaging with betting apps and trading platforms that promise quick profits. The speaker highlights how these platforms manipulate young individuals, particularly those aged between 16 to 20 years, who are just out of school. They explain that these apps use algorithms to show initial winnings to hook the users, only to lead them into a cycle of significant losses. The speaker warns of the psychological impact of such losses on young minds and emphasizes the importance of focusing on education and career growth instead of getting entangled in these deceptive schemes.

10:04

🙅‍♂️ Discouraging Youth from Engaging in Financial Scams

The speaker strongly discourages young people from participating in financial scams, such as binary trading and betting apps, which are often disguised as get-rich-quick schemes. They explain that these scams not only lead to financial ruin but also divert youth from their education and career development. The speaker advises the audience to stay away from such traps and focus on building a solid career foundation. They also mention the importance of making informed decisions and seeking advice from financial advisors before engaging in any form of investment or trading.

Mindmap

Keywords

💡Trading

Trading refers to the act of buying and selling financial instruments like stocks, commodities, or currencies. In the video, the speaker addresses different forms of trading, particularly emphasizing the distinction between regulated stock market trading and unregulated activities like color trading and binary trading, which he describes as gambling rather than genuine trading.

💡Color Trading

Color trading is a type of unregulated betting activity where participants wager on the outcome of a specific color. The video highlights this as a form of gambling, often misrepresented as a legitimate trading activity to lure young people into betting apps with the false promise of easy money.

💡Binary Trading

Binary trading involves betting on the price movement of an asset, predicting whether it will rise or fall. The speaker criticizes this form of trading as another gambling-like activity that misleads youth into thinking they are engaging in legitimate trading, while in reality, they are risking their money in high-stakes bets.

💡Betting Apps

Betting apps are mobile applications that facilitate various forms of gambling, such as sports betting and speculative trading activities like color trading and binary trading. The video discusses how these apps exploit users by initially providing small wins to hook them, only to later cause significant financial losses, targeting particularly young and inexperienced individuals.

💡Stock Market

The stock market is a regulated financial market where securities like stocks and bonds are bought and sold. The speaker contrasts legitimate stock market trading, which is regulated by bodies like SEBI in India, with unregulated gambling activities, urging viewers to educate themselves about proper financial practices.

💡Manipulation

Manipulation refers to the unethical practices in trading where the market is influenced to benefit certain individuals at the expense of others. The speaker acknowledges that while manipulation exists in the stock market, it is not as pervasive as in unregulated trading activities, where manipulation is rampant and unchecked.

💡SEBI

The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity markets in India. The speaker mentions SEBI to highlight the importance of regulatory oversight in ensuring fair and systematic trading practices in the stock market, contrasting it with unregulated gambling activities.

💡Gambling

Gambling is the act of wagering money on an event with an uncertain outcome with the primary intent of winning additional money. The video criticizes various forms of speculative trading like color trading and binary trading as gambling, warning viewers of the psychological and financial risks associated with such activities.

💡Financial Decision

A financial decision involves choosing how to allocate financial resources, including investments, savings, and expenditures. The speaker emphasizes the importance of making informed financial decisions, especially in the context of avoiding gambling disguised as trading, and advocates for consulting financial advisors and conducting thorough research.

💡Addiction

Addiction refers to the compulsive need to engage in a particular activity, despite harmful consequences. The speaker warns that gambling through betting apps can lead to addiction, where individuals continuously wager more money in hopes of recovering losses, ultimately leading to significant financial and psychological harm.

Highlights

Discussion on different types of trading such as color trading and binary trading.

The impact of social media, particularly Instagram, on promoting certain trading practices.

Warning about the potential dangers and manipulations involved in trading apps.

The target audience for trading apps often includes young adults between the ages of 16 to 20.

The importance of financial literacy and making educated decisions in the stock market.

The systematic zero-sum game present in the stock market and the lack of broad manipulation.

Advice for young people to focus on their education and career rather than getting involved in risky trading.

The psychological impact of losses in trading on young individuals.

The manipulative tactics used by some trading apps to attract and retain users.

The speaker's personal experiences and discussions with friends about trading.

The potential for young people to be misled by the promises of quick wealth through trading apps.

The role of influencers and financial advisors in guiding young people's financial decisions.

The importance of conducting thorough research before engaging in any financial activity.

The speaker's advice against engaging in binary and event trading due to their high-risk nature.

The potential legal and ethical issues surrounding certain types of trading apps.

A call to action for viewers to share the video and educate others about the risks of trading apps.

The speaker's final thoughts on the importance of making informed decisions and focusing on personal growth.