How Internet Brokers and Agents Kill Petroleum Deals and Oil Deals As Intermediaries in Trading

Jacklyn J. Dyer August 10, 2024

Overzealous and Misguided Joker Broker Types and Agents Are Often the Biggest Obstacles in Successfully Closing Deals or Making Money in Oil Trading

Article Summary show

A. THE AVERAGE BROKER/AGENT INTERMEDIARY TODAY FAILS & EARNS NO INCOME

According to studies, typically due to the imperative position that the Internet has performed in global buying and selling, the market for the intermediaries or middlemen within the international ‘secondary’ market trading has been collapsing hastily nowadays. Estimates from such specialists and debts with the aid of skilled dealers assert that the year 2000 became the last “good 12 months” for the intermediary within the commercial enterprise. Kamal J. Southall, as an example, maintains that “after 2000, the critical mass of brokers and investors who have been

ill-knowledgeable and poorly educated, in addition to of fraudulently carried out offers and scams, reached the factor that real quit-consumers manufacturers and providers sincerely stopped responding [to intermediaries] except in exceptional instances.” Southall estimates, bringing up another experts’ calculation that out of a few a million people currently trying to make it as brokers or alternate intermediaries in the world, “possibly no more than 1% has the schooling and ability had to ever close a deal… [meaning that] the overwhelming majority, are trading blindly, [hence] offers are collapsing… And greater to the factor, [oil dealers are] being defrauded – every now and then hugely.”

RELATED POSTS :

In factor of reality, the overall consensus among professionals is that previously, before the modern-day introduction of the predominance of the Internet in global trading when facsimile and telex trading was the ideally suited medium for the business, there had existed a fairly sturdy and possible marketplace, even though small, for the intermediary agent. It became alternatively commonplace for an intermediary to, from time to time, get to an agreement at the last stage clo,se deals, and earn at least a reasonable fee.

However, there has NOT been such a middleman marketplace for a few years now, since the new Internet generation. But instead, this type of marketplace for the intermediary has basically been lifeless for all; however, the most skilled and skilled middleman in the market these days – is killed in part, although never absolutely, via the preeminent use of the Internet medium by the Internet trader and intermediary.

In short, the new fact of today is that while, in the days earlier than the Internet, the average broker, agent, or different intermediary or ‘middleman’ involved in worldwide buying and selling typically and successfully closed offers and earned first-rate earnings with at least some modest frequency, pretty to the opposite, such booking or agent or different intermediary who function in this modern Internet technology, alternatively, hardly ever closes any deals or earns any profits within the commercial enterprise any greater. And what factors account for this phenomenon – for these brokers and intermediaries usually make no sales or income in this Internet era?.

B. MAJOR REASONS ACCOUNTING FOR THIS

Many factors account for this. Briefly summed up, they range from the dramatically elevated wide variety of scams and fraudsters in the commercial enterprise, made a great deal easier utilizing the shield of anonymity supplied with the aid of the Internet, to relative lack of right schooling, capabilities, or information within the fundamentals of the business familiar many of the modern-day elegance of agents and different intermediaries as a result of the easiness of needful qualification for one to grow to be an Internet “broker” or middleman, to the element of the expanded pervasiveness of “The Joker Broker” mentality and behavior among the Internet-technology agents,

agents & other intermediaries. However, these kinds of diverse causative factors being duly taken into consideration, possibly the single, overarching, most paramount concern accounting for the woeful failure and incapacity of the modern dealer and the middleman to efficiently do business, ought to simply be subsumed into this one significant topic and be summed up as follows: the use of, and reliance upon, badly improper and inaccurate technique, policies and approaches for oil deals at the part of the modern elegance of intermediaries in doing business – a class of intermediaries that is often generally notorious for being specifically untrained,

erroneous and uninformed as to the real and right manner of doing the enterprise. Most sadly, frequently, the stop result of the above truth is that by largely relying upon and the use of such misguided and badly fallacious methodology and methods in doing business, such brokers and agents, who’re notorious, as nicely, for frequently being overzealous, self-fed on and desperate to discover a buyer or make a short commission in any respect expenses, basically emerge as, themselves, actually the most important boundaries to themselves and fellow agents and dealers inefficiently final offers or earning money within the oil trading commercial enterprise!

C. THE BASIC WAYS MISGUIDED BROKERS & AGENTS BECOME THE MAIN OBSTACLES

Broadly speaking, there are some simple identifiable important ways wherein this as an alternative high-quality phenomenon of the cutting-edge overzealous and inaccurate Internet broker or agent constituting an obstacle inefficiently doing business regularly manifests itself.

USE OF BADLY FLAWED & IMPRACTICAL METHODOLOGY AND PROCEDURES IN DOING BUSINESS

But, probably the most impactful however pervasive manner and way wherein the overzealous and erroneous broker/agent intermediary often constitutes himself (or herself), whether intentionally or by accident, right into a crippling impediment, as opposed to aid or facilitator, to efficaciously doing petroleum deals or ultimate one, is basically via their use of method and strategies that are badly wrong and erroneous, unrealistic, unreal, impracticable, and in many instances downright pie-in-the-sky like and comical.

A conventional example frequently uses many Internet brokers and marketers to use arcane strategies along with the ‘LOI,’ ‘ICPO,’ ‘NCND,’ ‘BCL,’ and many others in commercial enterprises. But, according to many reputable experts and pro practitioners inside the buying and selling subject, the employment of approaches together with those with the aid of any provider or intermediary, is truly an automated marker which, without delay, gives away the user as an alternate amateur or intermediary and

a failure who now not only lacks the needful education or knowledge of the right buying and selling techniques, but who apparently has never successfully closed many deals, and in no way will. Indeed, to a pro purchaser (or the agent of one), getting an income offer from a dealer or agent that opens with such phrases and strategies is typically a clear marker that mechanically units off an alarm bell in any such consumer’s head, spelling threat and capability doom to the client. As one expert positioned it, “In truth, the presence of many of those phrases are considered signs and symptoms of Advance Fee Fraud, with the aid of knowledgeable gamers and law enforcement.”

This is how an intermediary who admitted to being a failed Joker-Broker with a prior report of a string of disasters but who later received the proper training and became a reformed broker, and is now a successful multi-deal closer, sums it up, writing in the jockerbroker.Com internet site: “When a deal starts off with ‘ship ICPO with BCL or Soft Probe, NCND and IMFPA,’ that is ‘booking language.’ Those who know dealer languages recognize that ‘I’m a joker broking. I haven’t any real product on the market, and I don’t know everybody who has any, so I need you to offer me an Irrevocable Purchase Order together with your complete monetary details disclosed so I can run around along with your order and your money in my fingers, seeking out product. The subsequent issue might be your organization and banking details uncovered to the whole international, running around unsecured on the Internet among thousands of joker brokers.’ ”

Fundamentally, the primary cause that the use of such tactics is commonly regarded by experts as badly wrong and incorrect and as frequently constituting the largest obstacles to many a broker or agent incorrectly remaining deals or making a living in the oil trading business is rather simple: the one’s tactics and methodology are actually beside the point or unworkable and impracticable,

pure and easy! They are inappropriate and ineffective within the context of the real international commercial enterprise surroundings they’re trying to perform or do enterprise. And consequently, because those techniques and methodology are of such nature, they invariably fail and inevitably by no means work. Why? Basically, because providers who acquire such silly methods from intermediaries or capacity customers, being already sickened utilizing the one’s forms of strategies, simply can not

be troubled to reply to them. Similarly, the quit customers might not be stricken with responding to stupid and sickening gives from sellers. As a result, the result is that the most effective human beings supposedly ‘trading’ are simply the erroneous intermediaries passing around make-perception ‘deals’ from one misguided middleman to another, basically consisting, for the maximum component, of shoving around the standard irrelevant or unworkable tactics just like the ‘LOI.’ ‘BCL,’ ‘ICPO,’ and unverified ‘POP.’

Indeed, say some specialists – most of whom often signify those strategies in derogatory phrases like ‘risky,’ ‘impracticable,’ ‘inaccurate,’ and ‘misused’ – many a time, even the intermediaries, themselves, who appoint these terms and tactics are fully well conscious that they have got not been capable of close a deal in months, even years, of the usage of those badly wrong terms and techniques, and probably by no means will. But, those specialists add, these intermediaries will not admit that those strategies are flawed and have not gotten them any offers in the beyond. So, each new middleman in the ‘booking chain’ simply keeps, in any manner, passing the incorrectly copied strategies down the endless ‘daisy chain’ from one dealer/agent intermediary to the alternative of their make-perception ‘deals’ and ‘trading.’

SO, WHY DO THESE JOKER BROKER TYPES INTERMEDIARIES STILL PERSIST IN USING THESE FLAWED PROCEDURES NEVERTHELESS?

Given the valuable fact we’ve simply sketched above to the effect that those techniques and methodology are frequently inappropriate or unworkable and that they continuously bring about failure and no earnings on the part of the Internet intermediaries, a first-rate curious question of sizeable relevance is that this: Why then? Why do these Internet intermediaries commonly refuse to use the right oil deal methods but plunge beforehand, anyway, and nonetheless interact in doing business using exactly the ones equal to badly fallacious and unproductive strategies? Or, to place it another manner, what forces or pastimes reputedly impel them to hold accomplishing commercial enterprise in that manner, anyway, such that, in impact, through carrying out commercial enterprise that way,

that specific position that such intermediaries play commonly makes them, whether or not wittingly or unwittingly, a top obstacle in their personal direction, and on the path of most other intermediaries, in being able to close offers or to earn earnings? THE ANSWER? The simple reason, in a phrase, is largely associated with the personal economic self-hobby of the intermediaries and the determined selfish desire on their part to quickly land an actual dealer or comfortable a commission income by any and all means whatsoever.

Many insightful experts and keen observers have referred to, for example, that many of these arcane methods being employed utilizing those Internet intermediaries (the LOI, ICPO, BCL, NCND, and so forth) are absolutely commonly now not initiated or required with the aid of the fundamental investors (i.E., the purchaser or the seller) involved inside the enterprise,

but are merely the non-public inventions and initiatives of the overzealous middleman sorts created, designed, improvised, and used largely by way of them to benefit for themselves a few undue control inside the trading method, and, most significantly for them, to avoid “circumvention” utilizing other intermediaries in a deal, and, thereby to create or justify getting paid fee profits, themselves, in a contract.