There is a “Teach Me To Trade Workshop” coming in my area. Is it worth going or a rip off?
SES asked:
Teach Me To Trade Workshop, shows you how to trade on the stock market.
Stanley
Teach Me To Trade Workshop, shows you how to trade on the stock market.
Stanley
Tags: Stock Market, Teach Me To Trade, Trade Shows
October 1st, 2008 at 10:11 am
How much does it cost? I went to several seminar. But they were free since they were just introductory seminar. It if is free, go. If you have to pay a fortune, don’t. You can invest your money in good investment books.
October 2nd, 2008 at 9:25 pm
I would go to listen to what they have to say, but just don’t buy anything…..the only way to learn to trade is to teach yourself, and it takes years to do this and in the meantime you will be losing lots of money. lots of good trading books out there for you to read………no one has a crystal ball to tell you what to invest in, no one can predict the future……..if their crystal ball worked, why wouldn’t they just use it to make millions everyday instead of trying to sell it to you…..
October 5th, 2008 at 7:33 am
These things are usually free, but they try to sell you expensive stuff (books, software, etc) while you are there. If their methods really worked well, they wouldn’t be telling you about them- they’d be busy trading themselves rather than pitching products.
October 8th, 2008 at 1:45 pm
From what I’ve read, these things are usually ripoffs and scams. Many times they’ll teach impractical methods and try to sell you something worthless for a high price by saying that you need it. They’ll probably want you to subscribe to a worthless journal for a hefty cost as well. You’re probably better off reading the “Stocks for Dummies Book.” Check it out at your library and save yourself some money.
The best book to start out with though is “One up on Wall Street” by Peter Lynch. It is a fun, informative, practical, and easy read that will help get you excited about investing. After you read this, consider reading:
“A Random Walk Down Wall Street” -Malkiel
“Built to Last” -Collins
“Good to Great” - Collins
“The Intelligent Investor” -Graham
“Security Analysis”
and then look into buying some textbooks from your local college.
These are all very practical books and offer advice on long-term investing. They are not books about making quick profits.
October 11th, 2008 at 4:17 am
The people offering the workshop are incurring some cost to begin with, so I think there will be a sales pitch somewhere. When people say “trade” instead of “invest” I think of brokers who make money when you trade more often. Studies have shown that frequent trading offers no benefit.
Here is what I think you should do. Buy a couple of books on investing, maybe “The Little Book that Beats the Market”. Then go to - this is a free site that lets you see what the best investors are buying and selling. The site lets you create a portfolio of stocks with $100,000 in “play” money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.
Hope this helps.
October 14th, 2008 at 10:42 am
Seminars are usually pitching some sort of book or tape. Go to the library or a bookstore and you’ll be better off.
October 14th, 2008 at 7:56 pm
If its free I would attend. All for these seminars usually have something you can learn form them. Just don’t sign up for anything or buy anything…deal?