Posted by: sidster November 17, 2013
Kukur
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I read the article. The article is focused on how and what amount people lost in the derivative market. It is not specific to how Santosh scammed them. People are in disbelief how quickly they were losing 10 lakhs over night. There is a billion dollars of win and lose within 30 seconds of crucial news coming out. Check out the Gold prices on FED Monetary policy that comes out at 2 PM eastern each month. Gold moves $50 - $100 within 30 seconds at 2 PM. Someone trading from Nepal without any clue of golbal derivative market is supposed to get slaughtered.

One thing to consider is that the commodities market is a trillion dollar market. No brokerage house with 7 karod capital is going to influence the market prices. They may confuse people with the news feed and such for couple days but not for long time. They may freeze your accounts short term for their benefit but mostly the loses should hapen because the gamblers bet incorrectly. The commodities market are scammed by Goldman Sachs, JP morgans, Merryl Lynch and morgan stanle....NOT SOME STUPID NEPALI Exchange worth 7 karod.
Last edited: 17-Nov-13 03:08 PM
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