| Address: Mumbai City, Maharashtra |
| Website: www.pathfinderstrainings.com/Default.aspx |
I have attended the training given by Yogeshwar Vashishtha and below is my review.
1. Most of his training is freely available on youtube. No need to spend 37k on it
2. During training, he will indirectly compel you to join his trading room for the maximum period by giving some discounts. He will also say that if you join during the 4 days of training, you need not pay service tax on the trading room fee.
3. To join trading room, you need to open a Sharekhan account with pathfinders. Even if you already have a Sharekhan account, you need to transfer it to pathfinders team. The brokerage charges are 0.3% for delivery and 0.03% for intraday and F&O which are quite high. I know people who trade intraday at 0.01% or even less.
4. The trading log that he maintains is exclusive of brokerage, STT, GST, stamp duty etc. By doing so, he is overstating his profits and understating the losses. For example, if you trade in 1 lot of SBI, your transaction charges would be apprx Rs.640 {(250*3000*0.03/100)*2*1.18+109(Other Charges)}. If you take 0.01%, the same would be apprx Rs.286. If you opt for discount/flat brokerages, it will be less than Rs. 180.
5. Once you complete the training and join the trading room, you will see his true colours. He doesn't answer to YOUR QUERies.
6. Most of the time that you trade with him, you will end up making losses. (Your losses include brokerage and other charges but his losses don't include). The only days that he makes good profit are the high trending days. Those days, anyone can make profits following the trend.
7. After joining his trading room, he will ask you to undergo options training which will cost almost 35k. All the time he will try to squeeze money from you.
8. He will ask you to write positive reviews whenever there are reviews like mine posted on the FORUMs
9. Don't go by the videos posed on the testimonials. They are recorded on the last day of training. You will be super excited that day feeling that you have learnt a lot. Even I have given one such testimonial on my last day of training. Try asking people who have completed more than 3 months of training. You will get the real feedback.
10. I know that there are many of his fans out there who will say this is ### but ask yourself, are you getting your money's worth?
My suggestion, instead of spending money on his training and trading room, learn them freely from Youtube. Remember that no trading strategy works all the time. Be patient and keep trading.
Was this information helpful?
1. Like any other profession u need to get training before u can start getting warning from it. In the times of free tips providers all around, u need to learn it itself before starting trading.
2. His training is like a basic elementary course needed to enter into anything. For science student like me i got to learn a lot from him and his course. let me tell u abt me i am a technical trainer and developer.
3. Definitely he does offer trading room discounts after course but after all everyone here is for business, nobody is here for charity. So I didn't find anything wrong in it. And moreover any one who is novice will need to see how to trade from jumping directly.
4. He did ask to open ac in share khan and the brokerage was high but after requesting to sir it was decreased to 1paise or 0.01%. So now the brokerage for FnO is almost same as of other discounted brokers.
I too was going to shift but now no need. I[censored] are a regular trader then definitely ur request will be accepted.
5. If you have 100 to 300people sitting together then it is not possible to assist everyone in a span of 1-2 hrs that also trading along with it. I can say this cause I too am a trainer I know the thing. He has Thursday night classes for that.
6. In trading you cannot start earning from day 5. And this is have learned after reading so many books and taking many trainings online on stock market.
The only thing is keep on reading and searching for the new materials and strategies.
But one of the most important thing is consistency. U need to stay in the market for atleast 1-2 yrs before getting a steady income as day trader. You can however become a good portfolio or swing trader in a competitively short span of time.
All in all I would say i[censored] r novice and do not know what and how share market works. This course is for you.
I[censored] r searching for quick Money in short span of time, please do not waste ur time and money.