Is BG Trading Services for ASX Trading Legit and Recomended ?

Lmadhuy on 25/10/2024 - 11:46

Hi All, My friend asked me to be part of his annual membership with BG trading to Invest/Trade in ASX stocks.
I have 10k spare money to invest in Stocks, As a newbie to Stocks investing is it worth to take membership with these trading tips subscription? any inputs on this.
Any experience with this EB Trading services ?

VIP Black – Membership Plans
VIP Hub Standard Membership 228 / month
3-month Membership $600 every 3 months
6-month Membership $1155 every 6 months
12-month Membership AUD$1980 every 12 months.
24-month Membership AUD$3564 every 24 months.

Financial

Comments

  • holdenmg on 25/10/2024 - 11:51
    +4

    It’s important to note that BG Trading does not operate under an Australian financial services license…

  • brendanm on 25/10/2024 - 11:53
    +2

    Mate…

  • Duckie2hh on 25/10/2024 - 11:54

    LOL do it.

  • Duckie2hh on 25/10/2024 - 11:58
    +1

    As a newbie to Stocks investing

    I have 10k spare money to invest in Stocks

    Why is god so cruel

    • brendanm on 25/10/2024 - 18:33

      The original troll.

      • Duckie2hh on 25/10/2024 - 20:48

        What about @jv?

        • jv on 25/10/2024 - 21:14
          -1

          Exodus 20:3-5

  • holdenmg on 25/10/2024 - 12:16
    +2

    If you want a new friend, get a dog.

  • plmko on 25/10/2024 - 12:25

    May as well buy bitcoin

  • JIMB0 on 25/10/2024 - 12:29

    I've got a better deal for you.

    1. Invest the money in the JIMB0 fund.
    2. The value increases steadily, almost doubling in a month. You're stoked
    3. It then crashes hard and you cash out vowing to never invest again.
    4. I give you back 69% of your original investment which you then stick in a term deposit.
  • EightImmortals on 25/10/2024 - 13:09
    +2

    "Any experience with this EB Trading services ?"

    Not this particular one but previous expeditions in this area proved rather unfruitful. Do you want to be an active or passive investor? Do you want to invest or do you want to trade? If you are a noob, try to figure out your trading personality, appetite for risk etc and find a trading vehicle to suit. Long term set and forget investments, FOREX, Crypto, stock market etc etc.

    If you want to learn stuff then you can do it for a lot less than $200 a month. While you are learning you could park your money in Stockspot or Vanguard and get some interest until you 'believe' you might be ready to be a bit more active in a market. Always remember, if someone is that proficient at making money on the markets they would be doing that and not making money from newsletters. :)

    • madhuy on 25/10/2024 - 14:21

      Thanks for your inputs. I want to do trading, what i heard mostly these trading tips will achieve target in couple of weeks or will touch stop loss. I am planning to trade $1000 on each trade with 15% stop loss. In an year if a do 10k profit with 10k capital it will be good.

      • EightImmortals on 25/10/2024 - 14:34
        +2

        100% PA? Yes, that would awesome and hope manage to do it. If you are able, check out this company's past recommendations (all of them, not just the winners) and see if their hit rate matches their claims.

        Good luck. I'm not saying it's not doable, I've done quite well with LTP this year (though it's having a pullback ATM), big wins are few and far between until you start to figure out what you are doing. I've been at it for around 15 years now and still not sure if I'm ahead, maybe a little. Also, the stock market is pretty rigged and controlled by the big players for the most part. If you can spot what they are pumping and manage to hop on and then get out before they short it (or visa-versa) you might do OK.

        A 15% stop loss on $1000 is a $150. I stopped using stop losses as they always seemed to get hit pretty quickly only to have the SP rise shortly afterwards. I'm also told that the instos and big players can see where everyone's stop losses are placed and can shift the market to hit those stop losses. Of course I'm talking mostly about individual stocks. You might have better luck with ETF's or managed funds (Wilson Assett Management for e.g.), it's not as sexy but it's generally safer. Either way, it's good that you are keen to give it a go, never place more than you can afford to lose, and watch out for a major correction next year (though I've been saying that for years now, so who knows?)

        And be prepared for wild emotional ride that comes with losing hard earned money…over and over again until you start to get a handle on it. Don't leverage either (borrowing) as even a small shift can trigger a margin call and there goes your house.

      • brendanm on 25/10/2024 - 18:34

        I've also got a scheme to make 100% PA returns, send me a PM for the one simple trick that stockbrokers hate.

  • Baysew on 25/10/2024 - 15:11
    +2

    Any experience with this EB Trading services ?

    I traded a few games with them once.

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