Hello all,

I hope you stay cool when it's hot around you, and you stay warm when it's cold around you.

If you are a buyer, what is the first parameter you see that affects very much your decision to buy?

Even without doing a scientific survey, I can tell that it is the "price".

Yes, price is a universal language for traders. Even without understanding each other's language, when seller meets with buyer, and both understand the commodity they are talking about, all they need is just a calculator and type the numbers they mean, and the business is done.

Dispite how fantastic price can speak for one, price can also become the worst trap you can ever imagine. If you read my first article in this forum, I had discribed to you how Indonesian scammers fooled probably dozens of international traders in paper trading. Do you know what is their modus of operandi? Exactly! It was the price.

Probably anaware of this price trap, many buyers let themselves to be caught by it. As soon as they see some one is offering on significantly very much lower price, they will fall in to the game unrealizing that they are actually being guided into a trap.

As far as I understand, there are only two possibilities that some one is offering something at a very low price.

1. The seller is a new kid on the block who does not know the real market price of the commodity he or she is offering.

What to do with this kind of seller?

Well, consider yourself lucky for finding a new kid on the block. Let say that you closed a deal and enjoy a very delicious margin. But the next question is, is it going to be a long term selling and purchase relation? I'll bet it won't. As soon as people hear about this new kid on the block, they will come and offer higher price. In the end, the price will be adjusted to the most fair level. Trust me, cause I've been there!

2. The seller is unreal and he or she doesn't have the commodity or is not intending to send it.

Let me give you my personal experience as an example. One day there was someone offering me the latest edition of a Sony Camera Recorder. The market price of this product at that time was about USD500. However, this person only sells it to me at USD100. Soon it raised my couriosity, how come a newest edition of Sony Camera Recorder is offered at a very low price? I then started to ask several questions. One question lead to another. Untill finally, I concluded that it was a stolen one.

This is just a very simple example from off-line transaction that discribes how something that does not macth the market price should raise suspiousness.

There is a market price for every product or commodity and there is a fair margin for all party. In doing business, beside making highest profit possible, we should consider other points that will not only make us rich materially, but also make us wise at heart.

I suggest the following points to be taken into consideration when you do business:

1. Based on mutually benefitial relation

2. Prefer long term relation

3. Open for mutual discussion to avoid mutual risk and to have fair transaction

It is always nice to know that when you deal with some one from another country, you do not just think that you have supplier in that country, but you also have friend, and even on some extent, you have family in that country.

Now, back to the price trap, when all the above points are taken into consideration of a buyer when making decision to buy, I am very much sured that there will be no more buyer gets cheated.

Remember, once you get a very low price offer and you have a reason to be suspicious, it should warn you to be aware of it. This will make you be more carefull and still use your common sense in doing business negotiatiuon with any seller.

So, if you still fall into a price trap after reading this article, who is to blame?

The answer is: ask yourself!

Happy safe trading

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sir i m talking form Moon Star i m a serious exporter of vegetable seed, Beans and Grains but i didn't get a deal or export order from any third party they said to me u r fake so tell me how should i get out of it without doing trust pass membership i want to do but after a single contract

kings regard

Moon Star Seeds

Director

Muhammad manzoor

Quoting from [moon_star81]:

sir i m talking form Moon Star i m a serious exporter of vegetable seed, Beans and Grains but i didn't get a deal or export order from any third party they said to me u r fake so tell me how should i get out of it without doing trust pass membership i want to do but after a single contract

 

kings regard

Moon Star Seeds

Director

Muhammad manzoor

 

Brother Manzoor,

There is no reason for people to call you fake seller unless there is something that you do to make prople jump into conclusion. As a new trader, you must check out everything in order to quote to prospective buyer. Offering price too high will make people get away without even trying to do a discussion. Offering price too low could also be considered fishy, since low price caould be a trap as I wrote in the above article. So, I suggest you to learn more about the industry and make sure that you apply what you have learnt. Hope it will work.

Wassalam

Irwan

Quoting from [ir1uno]:

Hello all,

I hope you stay cool when it's hot around you, and you stay warm when it's cold around you.

If you are a buyer, what is the first parameter you see that affects very much your decision to buy?

Even without doing a scientific survey, I can tell that it is the "price".

Yes, price is a universal language for traders. Even without understanding each other's language, when seller meets with buyer, and both understand the commodity they are talking about, all they need is just a calculator and type the numbers they mean, and the business is done.

Dispite how fantastic price can speak for one, price can also become the worst trap you can ever imagine. If you read my first article in this forum, I had discribed to you how Indonesian scammers fooled probably dozens of international traders in paper trading. Do you know what is their modus of operandi? Exactly! It was the price.

Probably anaware of this price trap, many buyers let themselves to be caught by it. As soon as they see some one is offering on significantly very much lower price, they will fall in to the game unrealizing that they are actually being guided into a trap.

As far as I understand, there are only two possibilities that some one is offering something at a very low price.

1. The seller is a new kid on the block who does not know the real market price of the commodity he or she is offering.

What to do with this kind of seller?

Well, consider yourself lucky for finding a new kid on the block. Let say that you closed a deal and enjoy a very delicious margin. But the next question is, is it going to be a long term selling and purchase relation? I'll bet it won't. As soon as people hear about this new kid on the block, they will come and offer higher price. In the end, the price will be adjusted to the most fair level. Trust me, cause I've been there!

2. The seller is unreal and he or she doesn't have the commodity or is not intending to send it.

Let me give you my personal experience as an example. One day there was someone offering me the latest edition of a Sony Camera Recorder. The market price of this product at that time was about USD500. However, this person only sells it to me at USD100. Soon it raised my couriosity, how come a newest edition of Sony Camera Recorder is offered at a very low price? I then started to ask several questions. One question lead to another. Untill finally, I concluded that it was a stolen one.

important points to be taken into consideration when you do business:

1. Based on mutually benefitial relation

2. Prefer long term relation

3. Open for mutual discussion to avoid mutual risk and to have fair transaction

 

So, if you still fall into a price trap after reading this article, who is to blame?

The answer is: ask yourself!

Happy safe trading

 

1.. Based on mutually benefitial relation,consider in the other side for each other.

2. Prefer long term relation,long cooperation is win on both sides.

3. Open for mutual discussion to avoid mutual risk and to have fair transaction ,to get the same deal in the upside. need sincerely and open minded communication

4. trust each other is most important in business trade.get the multure understand win the mutual benifit

Lily

Sometimes, in a market where here is only one supplier, he will use his market position to bully his customers, charging ever higher prices.

This is where the new kid will come in and try to restore price to a more reasonable level.   The bigger player can drop his price or continue to up his price. Most of the time, you will see him up his price because he thinks he can until it's all too late.

Yes, the new kid might up his price too but in the long term, customer still wins. 

Quoting from [ir1uno]: