Thursday 16 July 2015

Difference between education and advice

There is a difference between education and advice.
This blog post will look into that a bit deeper.

5 Star Signals does not advise people on what product they should purchase and for some of our products what risk multiplier they should pick.

Only licensed advisers can give these type of recommendation.

We show you the history of strategies we offer. We educate you on what investor goals are, on what risk multipliers are, we emphasize on risks involved in trading Forex.

We do that as detailed as possible, in language that would not require a higher education to understand.

Based on all this education it is up to the individual to decide what risk level would best suit them, what multiplier would best suit them, whether they would want to learn to trade themselves or not.

5 Star Signals does not advise anyone on what the best decision would be. It would even be illegal to do so.

Any advice should be tailored to the individual. Given the size of our business, that would not be possible. We do not have the ambition to and would always prefer to leave that to the qualified individuals who are licensed to do so.
If any client would ask us, the answer will be the same: "We can not advise you on this. If you do require personal consulting based on specific personal circumstances, please consult a financial adviser."

We educate people on our products, the options available and what the differences are. That is where it stops. It will always be up to the individual to make their own choices, with or without professional consultation from an external party, never from us.

We will always stand by our philosophy that when your capital is growing, you should reduce your risk. We think in general people should look for lower risk to build capital over a longer period of time, think of a multi year plan.

Your choice should be the best fit for you, not for anyone else.

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