Stock Trading Seminars And The Sales Pitch

Something that truly makes me upset are free stock trading seminars. They’re a major waste of time. They could best be referred to as a pitch fest.

The seminar was most likely prepared by some organization that wants to sell you on a $3,000 product. It could be a broker or software provider.

You’re bamboozled in going to the workshop because you were suppose to hear from some stock trading master. The wizard you went there to hear shows you charts with trades he made and just how loaded he is and just after you think he’ll let you know the method that you to can get these stunning results you are hit with an additional everlasting sales pitch. You to can get these remarkable results once you purchase his wonderful sensei trader 7000 computer software. And in addition, it’s available at a never-to-be-repeated exclusive discount price for the workshop.

And so it goes on. Speaker after speaker parades their product, thinly disguised as some valuable trading information.

Red Flags Relating To Stock Trading Workshops

1. Make perfectly sure that the company offering the study course does not profit from any day trading you eventually do. The value of the workshop should be in the workshop itself, not on pitching some extra product to you. Most likely if you are being pitched another product then the aim of the seminar is not to train you in stock trading but rather to upsell another service to you.

2. Are these “experts” trading or teaching? The saying goes those who can’t do, teach. Only go to a seminar where the “gurus” actually trade for a living in addition to teaching at seminars. You want somebody with real world experience.

3. Too good to be true stories. Ask for at least three references that live in your same city. Phone the references and inquire if they or a family member or friend works for or has been paid by the organization. If not even three people in your locale are profitably trading because of this seminar you know something is amiss. You should not settle for their website’s testimonies. You will find that many are paid actors and their testimonies are scripted.

4. If the marketing pulls on your emotions and greed, then it is probably a waste of time. The marketing should be about the content material of the seminar, not about how you can get rich trading in your own home. A seminar that teaches fundamental analysis should include how to read financial statements like: Income Statement, Balance Sheet, and Cash Flow. In cases where a workshop is based on technical analysis it should cover technical analysis patterns like: Reversal Patterns, Head and Shoulders Top and Bottom, Double Tops and Double Bottoms, Triple Tops and Triple Bottoms, Cup with Handle, Symmetrical Triangles, Ascending Triangles, Descending Triangles, Flags, Wedges, Support and Resistance Lines, and Candlestick Patterns.

5. Promises of high profits at low risk with guaranteed results or a refund. There’s nothing guaranteed with regards to stock trading. Being refunded for the expense of the seminar does not help you get back the money you lost while using the trading techniques in the first place.

6. The focus is on targeting beginners. Experienced investors are a lot more difficult to take advantage of.

FTC Actions

In 2002, Tim Cho Investment Corp. settled with the FTC after being charged with filing “false and deceptive advertising claims” on its trading seminar. Tim Cho advertised an 18 percent per trade return and a guaranteed 1,000 percent return in trading S&P futures each year.

In 2003, Wade Cook decided to settle Federal Trade Commission charges that he and his companies violated a court order to stop making unproven earnings claims at his seminars. Cook charged $3,000 to $5,000 for two and three-day workshops and advertised that traders can make a ton of money — at least 20 percent a month. He and his companies have to pay back investors and disclose his investment system’s actual rate of return on stocks. “Their own investments were losing money,” said Bob Schroeder, assistant regional director of the FTC in Seattle.

You win your next stock trade or I’ll knock you out of your chair! Learn more at stock trading seminars