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

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

A. THE AVERAGE BROKER/AGENT INTERMEDIARY TODAY, FAIL & EARN NO INCOME

According Studies, primarily due to the central role the Internet has played international trading, the true market for those intermediaries or middlemen from the global'secondary' market trading continues to be falling fairly quickly lately. Quotes from these specialists and reports from seasoned dealer, assert the year 2000 has been the final"good year" for its intermediary in the business enterprise. Kamal J. Southall, by way of instance, asserts that"after 2000, the critical mass of brokers and traders who were ill-informed and poorly trained, as well as of fraudulently applied offers and scams, reached the point that real end-buyers manufacturers and suppliers simply stopped responding [to intermediaries] except in exceptional cases."

Southall estimates, Citing another specialists' calculation, that out of some one million individuals currently trying to make it as brokers or trade intermediaries in the world,"maybe no longer than 1% gets the training and ability required to close a bargain... [meaning ] the overwhelming majority, are investing , [hence] prices are falling... and much more importantly, [oil traders are] being scammed - sometimes hugely"

In point of fact, the general consensus among experts, is that previously, before the current advent of the predominance of the Internet in international trading when facsimile and telex trading were the supreme medium for the business, there had existed a reasonably robust and viable market, although small, for the intermediary agent. Such that it was rather common for an intermediary to occasionally get to a contract closing stage and to close deals and earn at least reasonable commission incomes. But that there has NOT been such an intermediary market lately for some years now, since the new Internet era. But rather, that such a market for the intermediary has essentially been dead for all but the most skilled and experienced intermediary in the market today - killed in part, though by no means completely, by the preeminent use of the Internet medium by the Internet trader and intermediary.

In short, the new reality of today is that while, in the days before the Internet, the average broker, agent or other intermediary or 'middleman' involved in international trading generally and successfully closed deals and earned decent income with at least some modest frequency, quite to the contrary, such broker or agent or other intermediary who operate in this current Internet era, on the other hand, hardly closes any deals or earns any income in the business any more.

And what factors account for this phenomenon - for the fact that these brokers and other intermediaries generally make no sales or income in this Internet era? .

B. MAJOR REASONS ACCOUNTING FOR THIS

There are many factors which account for this. Briefly summed up, they range from the dramatically increased number of scams and fraudsters in the business, made much easier by the shield of anonymity provided by the Internet, to relative lack of proper training, skills or knowledge in the fundamentals of the business prevalent among the modern class of brokers and other intermediaries as a result of the easiness of requisite qualification for one to become an Internet"agent" or intermediary, to the element of the increased pervasiveness of"The Joker Broker" mentality and behavior among the Internet-era brokers, agents & other intermediaries. However, all these various causative factors being duly considered, perhaps the single, overarching, most paramount consideration accounting for the woeful failure and inability of the modern broker and the intermediary to successfully do business, could simply be subsumed into this one central theme and be summed up as follows: the use of, and reliance upon, badly flawed and erroneous methodology, rules and procedures for oil deals on the part of the modern class of intermediaries in doing business - a class of intermediaries that is often typically notorious for being particularly untrained, misguided and uninformed as to the actual and proper way of doing the business.

Most unfortunately, frequently the end result of the above reality, is that by largely relying upon and using such misguided and badly flawed methodology and procedures in doing business, such brokers and agents, who are notorious, as well, for often being overzealous, self-consumed and desperate to find a buyer or make a quick commission at all costs, essentially become, themselves, actually the biggest obstacles to themselves and fellow brokers and agents in successfully closing deals or making money in the oil trading business!

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

Broadly speaking, there are a few basic identifiable major ways in which this rather awesome phenomenon of the modern overzealous and misguided Internet broker or agent constituting an obstacle in successfully doing business, frequently manifests itself.

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

But, probably the most impactful but pervasive way and manner in which the overzealous and misguided broker/agent intermediary frequently constitutes himself (or herself), whether intentionally or unintentionally, into a crippling obstacle, rather than an aid or facilitator, to successfully doing petroleum deals or closing one, is basically by their use of methodology and procedures which are badly flawed and erroneous, unrealistic, unreal, impracticable, and oftentimes downright pie-in-the-sky like and comical.

A classic example of that, is the frequent resort by many Internet brokers and agents to use of the arcane procedures such as the 'LOI,' 'ICPO,' 'NCND,' 'BCL,' etc., in doing business. According to many respected experts and seasoned practitioners in the trading field, the employment of procedures such as these by any supplier or intermediary, is virtually an automatic marker which immediately gives away the user as a trade amateur or intermediary and a failure who not only lacks the requisite training or knowledge of the proper trading procedures, but who apparently has never successfully closed any deals, and never will. In deed, to a seasoned buyer (or the agent of one), getting a sales offer from a supplier or agent which opens with such terms and procedures, is typically a clear marker which automatically sets off an alarm bell in such a buyer's head, spelling danger and potential doom to the buyer. As one expert put is,"In fact the existence of a number of these conditions are regarded as indications of Advance Fee Fraud, by educated players and regulation enforcement."

This is how an intermediary who admitted to being a failed Joker-Broker with a prior record of a string of failures, but who later acquired the proper training and became a reformed broker, and is now a successful multi-deal closer, sums it up, writing in the jockerbroker.com website:

"When a bargain starts off with'send ICPO With BCL or Soft Probe, NCND and IMFPA,' that really is'broker language.' The ones that understand broker language understand exactly what this means:'I'm a joker broker. I don't have any real product for sale, and I don't know anyone who has any, so I want you to give me an Irrevocable Purchase Order with your full financial details disclosed, so I can run around with your order and your money in my hands, looking for product, and the next thing you see will be your company and banking details exposed to the whole world, running around unsecured on the Internet between thousands of other joker brokers.' "

Fundamentally, the primary reason that the use of such procedures are generally viewed by experts as badly flawed and improper, and as often constituting the biggest obstacles to many a broker or agent in successfully closing deals or making money in oil trading business, is rather simple: those procedures and methodology are simply inappropriate or unworkable and impracticable, pure and simple! They are inappropriate and unworkable within the context of the real world of business environment in which they are trying to operate or do business. And consequently, because those procedures and methodology are of such nature, they invariably fail, and inevitably never work. Why? Basically, because suppliers who receive such stupid procedures from intermediaries or potential buyers, being already sickened by those kinds of procedures, just can't be bothered to reply to them, while similarly, the end buyers won't be bothered with replying to equally stupid and sickening offers from sellers. In consequence, the result is that the only people supposedly 'trading' are merely the misguided intermediaries passing around make-belief 'deals' from one misguided intermediary to another, essentially consisting, for the most part, of shoving around the usual inappropriate or unworkable procedures like the 'LOI.' 'BCL,' 'ICPO,' and unverified 'POP.'

In deed, say Some experts - most of whom often characterize these procedures in derogatory terms like'dangerous,''impracticable,''misguided,' and'misused' - many a time even the intermediaries, themselves, who employ these terms and procedures are fully well aware that they have not been able to close a deal in months, even years, of using these badly flawed terms and procedures, and probably never will. But yet, these experts add, these intermediaries will not admit that these methods are flawed and have not gotten them any deals in the past, and each new intermediary in the'broker series' just continues, any way, to pass the flawed copied methods down the unending'daisy chain,' from one broker/agent intermediary to the other in their make-belief'deals' and'trading.'

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

Given the central reality we've just sketched above to the effect that these procedures and methodology are often inappropriate or unworkable, and that they invariably result in failure and no income on the part of the Internet intermediaries, a major curious question of immense relevance, is this: Why then? Why then is it that these Internet intermediaries generally refuse to use the correct oil deal procedures but plunge ahead, any way, and still engage in doing business using precisely those same badly flawed and unproductive procedures? Or, to put it another way, what forces or interests apparently impel them to keep conducting business that way, any way, such that, in effect, by conducting business that way, that precise role that such intermediaries play generally makes them, whether wittingly or unwittingly, a prime obstacle on their own path, and on the path of most other intermediaries, in being able to close deals or to earn income?

THE ANSWER? The basic reason, in a word, is largely related to the personal financial self-interest of the intermediaries, and the desperate selfish desire on their part to quickly land a real supplier or secure a commission income by any and all means whatsoever.

Many insightful experts and keen observers have noted, for example, that many of these arcane procedures being employed by these Internet intermediaries (the LOI, ICPO, BCL, NCND, etc), are actually usually not initiated or required by the principal traders (i.e., the buyer or the seller) involved in the business, but are merely the personal inventions and initiatives of the overzealous intermediary types created, designed, improvised, and used largely by them to gain for themselves some undue control in the trading process, and, most importantly for them, to avoid "circumvention" by other intermediaries in a deal, and, thereby to create or justify getting paid a commission income, themselves, in a deal.

THE ILLUSTRATIVE CASE OF THE USE OF THE LOI BY OVERZEALOUS INTERNET SELLERS & INTERMEDIARIES

A good case in point for illustrating the above point, is the frequent resort to the use of the so-called "LOI" (Letter of Intent) by Internet agents and intermediaries in initiating trade offers. The use of the LOI (Letter of Intent) document is a central procedure common among many present-day Internet brokers and intermediaries, and some sellers, as well. Basically, these brokers and intermediaries would frequently demand that any intending or interested buyer should first present the LOI document in showing and initiating an interest in a trade offer or making a purchase. And, according to such intermediaries, intending buyers should do so because, they say, by signing such a document at the very beginning of the selling process and handing it over (through them, of course!) to a supposed supplier of a product, that gesture, they claim, constitute a great demonstration of legitimacy of interest on the part of the would-be buyer, and would be showing that he (she) is "serious" about making a purchase.

Yet, except for these Internet traders and intermediaries who habitually persist in using these procedures, virtually all credible and respected experts in the industry point out - and, to my knowledge, no credible sellers or buyers, or even intermediaries, dispute this fact or have proven otherwise - that this document is essentially a legally worthless, meaningless, and even dangerous piece of paper, which is of no legal force or effect whatsoever, and is legally nonbinding and absolutely unenforceable upon any of the relevant parties involved in a deal, whether it be the signer of the document (the buyer), or the seller to whom it is given, or the intermediary.

Which, again, logically evokes the original question, WHY? Why then do these Internet traders and intermediaries continue to use or insist on prospective buyers using the LOI procedure in initiating their trade deals and offers, even though it is not only an absolutely worthless procedure that is of no real effect or legal meaning to any credible buyer, but essentially constitutes a major obstacle to a serious intermediary in ever being able to close a deal, and even though this document squarely falls under the infamous category of the kinds of procedures that are, in the words of Davide Papa and other respected experts on the subject, so"dangerous, inappropriate, impracticable, unworkable and mistreated," that"anyone trying to conduct business with these kinds of intermediaries [who utilize them], will also be not able to close a deal or collect a penny in commissions, however long they exchange to get or how hard they try." ?

The answer is that the Central clue simply lies directly in the reality imbedded in this statement by Toby Winson, a keen analyst of the issue, in his essay titled, the"Joker-Broker-Land":"More than 95 percent of the time, the LOI is composed by a broker, not from the vendor, also, for the most part, these agents have cut and pasted information they got from different agents. Thus each one the conflicts and mistakes in the [LOI] are duplicated and pass[ed] and from joker into joker."

In other words, invariably, these intermediaries insist and persist in using the LOI and other similarly ill-fitted joker broker type documents (when, in fact, all rational reasons would dictate otherwise), mainly for reasons that are simply selfish and somewhat personal and have absolutely NOTHING whatsoever to do with wanting to do good, legitimate, successful business or wanting to attain any level of wholesomeness relating to the business, itself. Nor anything having to do with the securing, preservation or"security" of the legitimate interests of the supplier involved in the deal. But, rather, have everything to do with their own personal, selfish financial self-interest and agenda, and with their own obsessive concern with landing for themselves a legitimate supplier and/or buyer of a product and for earning a commission.

The point Is that the evidence is strong that often times, many overzealous, super ambitious, aggressive brokers and agents, especially the obscure or scam-oriented ones, who represent themselves as sellers' agents or mandates mostly through Internet connections or communication, or perhaps claim to be the authentic crude Sellers, themselves, apply the LOI just as an instrument to immediately"corner and box in" a potential purchaser to commit to a deal deal together directly upfront. That's, to commit prior to the potential buyer might possibly need that they supply their enterprise profile or reveal him something concrete to show that they actually representare, legitimate vendors. Therefore such intermediariessellers or sellers, would persistently need the potential buyers rush and issue them an LOI straight upfront allegedly as evidence that they're"serious" about making the purchase. And, because for the intermediary himself, what he uttered as the most critically important thing for him is that, by getting that LOI record submitted and signed to him (presumably to the intermediary's forward transmission of it into the assumed"seller" of this merchandise ), the intermediary himself and NOT always the supposed provider or vendor - will have fast"cornered and boxed in" the potential buyer and procured his devotion to the intermediary, even though not to the purchaser.

Many A moment, particularly in a situation involving a supposed vendor who's a counterfeit vendor or does not really possess any primitive in hand however, or a unscrupulous aspiring vendor's broker or agent who really hasn't obtained a primitive provider (vendor ) however, buyers might issue a supposed'seller' that an LOI simply to learn that there isn't any vendor on the opposite end. This occurs a good deal in scenarios in which you've got a hungry or overzealous broker or facilitator who's still trying hard to acquire a real provider, also by withdrawing this LOI in an unsuspecting purchaser, this facilitator will devote the buyer to the broker or facilitator just for him to begin hustling to locate a seller or provider.

C. SECOND BASIC WAY IN WHICH SOME MISGUIDED BROKERS & AGENTS CONSTITUTE THE MAIN OBSTACLE

There Is another fundamental significant way where the new job of the overzealous, misguided Internet agent or broker as a hurdle to successfully conducting business, often manifests itself. And that's the pernicious effects frequently caused by the occurrence of the lengthy run or series of agents, brokers, and middlemen frequently involved with the procedure, with a lot of them undercutting each other.

Many a time, the provides Presented through an intermediary to get an oil deal, could include a long chain after a second of a lot of men and women who go by different names, for example"broker,""mandate,""agent,""facilitator." However, what's worst, is that, partially as a consequence of the virtual absence of any goal requirements for eligibility for wearing the mantle of being a"broker," or"agent" or"middleman" in the transaction now, and also the ease of entrance to Internet trading, for example Internet intermediaries generally often work in a climate of small or no guidelines or criteria whatsoever and of no or loose integrity, where the"dog eat dog" mentality appear to prevail - a climate where every agent, broker, or support, being just selfishly concerned with only his personal profits and self-interest, is always attempting to undercut and fortify another in deals. Therefore, frequently resulting in the eventual detriment of ALL the parties included with an offer, as ALL of these as a whole, rather than only 1 party or another, always end up the winners because NO bargain whatsoever is needed with any purchaser.

To Be Certain, the problem of an intermediary Possibly being"circumvented" by another, or with a leader, is a valid problem entirely worthy of concern and focus by any means involved with a trading bargain, more notably in a oil deal that's an industry that's very notorious for being a hotbed of daily dreamers and unscrupulous gold diggers that aren't particularly noted for their excellent integrity, higher instruction or schooling, or fantastic personality. Absolutely and so! On the other hand, the fundamental point to be made here is that valid concern about potential circumvention shouldn't always be permitted, but to degenerate into obsessive paranoia which should cripple producing all advancement in a bargain, which there is, really, a more appropriate and effectual way and approach by which all-important'circumvention' problem could be addressed and could almost eliminate the potential for circumvention of any intermediary at a offer.

For Our current purposes here, what's pertinent to notice is that the characteristic phenomenon of having a lengthy chain of many individuals as intermediaries at a bargain, every egotistical, distrusting and suspicious of another and reluctant to collaborate and return desired information to another, frequently presents deep and insurmountable difficulty, basically producing the intermediary, himself, the significant barrier and barrier to exercising a deal or final one. Principally, if such occurrence rears its unfortunate mind at a bargain, it seriously slows down the supply of data, or perhaps brings it into a complete block, thus completely ineffective and ending any chances of getting any offer. What's more, the matter of'commission fee splitting' arrangement grows more extreme and furiously controversial in these scenarios, because the majority of the intermediaries from the chains, gripped with fear, selfishness, frustration and private greed, tussle within the matter of that group takes just how much or what share of their literary"commission" - a commission that is, at the first place, only a figment of everyone's imagination at the stage because nothing is to be, and nothing can, in reality, everbe at the conclusion, after all that bare sound and hype is completed!

This Type of situation would occur even if, and where, a Deal appears genuine and promising and complete with all of the components of being possibly profitable. Therefore, a valid buyer may require a merchandise and need the agent or broker who brought him the bargain to present certain vital info, or to authenticate it. But since the purchaser, or the intermediary, needs to go through a very long chain of several hands before he can find the required data - a difficulty that, incidentally, a trained, seasoned and self explanatory intermediary could easily fix by setting up a'step back' arrangement - it shortly makes the bargain unable to proceed forward and the purchaser to eliminate trust, or destroys trust one of the prosecution and the intermediaries involved with the agreement, thus effectively killing the offer.

D. OTHER BASIC WAYS IN WHICH SOME MISGUIDED BROKERS & AGENTS CONSTITUTE THE MAIN OBSTACLE

Additional Basic ways that the new job of the overzealous, misguided Internet agent or broker as a hurdle to successfully performing business, often manifests itself, would incorporate the following:

1. Display of Unverified Material with No Due Diligence

This Is one of the most infamous hallmarks of this'joker broker' class agents and brokers who generally operate on the Internet now - they typically present provides,'SPA' contracts, and'deals' that lack any VERIFICATION at all, or one upon which any DUE DILIGENCE was completed because of their validity, genuineness or inherent value or worth, if any at all. Thus, since these intermediaries can send hundreds, even tens of thousands of email offers concurrently to a number of traders, with almost none confirmed or perhaps verifiable, one big outcome of this is that, at the aforementioned words of one specialist,"Suppliers can't be bothered to reply to dubious purchase offers or requests for quotes. Similarly, the end buyers won't reply to equally stupid offers." And thus, causing a failed marketplace, with no prices generally shut by the majority of intermediaries, nor some commission income being got by any!

2. Deficiency of Knowledge of Product:

Often, The intermediary who comes offering a'deal' or pose a'SPA' Contract type, woefully lacks some working understanding of the oil product or market he (or she) purports to be selling - things like the normal excellent specification of this item, or its current cost in the world market, the manufacturing capability of crude for a nation, and the like (not to talk, obviously, of getting knowledge of the correct methodology, principles or processes of their business). Certainly, how do you promote a product that you knows nothing about? Many times, the stark ignorance of this intermediary is shortly exposed when this intermediary gets requested certain fundamental, basic questions from the curious buyer or his representative as well as the volatility comes back, typically after a few days of inaction, with something such as,'I've sent your questions to my seller, and I'm waiting to get seller's reply'!

Or, worse Still, a purchaser whose curiosity about an offer may have become triggered in The deal, may put a telephone call to the intermediary needing to Ascertain if he's knowledgeable about particular facets or details of this Product or provide the intermediary purports to advertise as it is Been proven an experienced dealer might find a reasonable assessment Of the seriousness or genuineness of a provider or the deal he is Peddling by simply'feeling the pulse' of the provider or his supposed Representative via a mere phone conversation. But being The ordinary Internet intermediary often lacks the requisite Understanding of the oil product he wants to advertise (not to Talk of comprehension of the principles and processes of the world of Global commerce, usually ), much more frequently than not, the Intermediary losses the chance to cultivate the vital confidence and Credibility factor together with the purchaser through mere presentation of Understanding of the item or offer that he purports to advertise. To get more detail click 할인 코드

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