Beware, options guru’s spiel is subject to market risk
- Free advice on how to execute complex trades has made derivatives trading seem like quick way to get rich.
Egged on by a bunch of social media financial influencers, thousands of Indians from students to retirees are flocking to derivatives, which have stayed under the radar of most individual investors so far. After dabbling in mutual funds, stocks and cryptos, many finfluencers chasing clicks and likes now offer free advice to anyone with a laptop and an internet connection, sometimes with disastrous consequences.
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