Stock, Options or Forex Trading Seminars - How To Select One

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Anyone who has watched any late night TV recently cannot have failed to have noticed the many comercials trying to sell you on a series of trading seminars which promise will change your life and make you rich.

These seminars will represent a very large investment for most people so care has to be taken when selecting a seminar educational company. In this article you will find a few good tips about what to look out for if you call that 1 800 number.

It was the market melt down during 2000-2003 which has fuelled the huge growth in the trading seminar business. Many people now realize that making money trading is not so easy and requires a good education if you are going to survive all market conditions. This is a better option that just trusting what a fund manager may advise you who may be more concerned about his commission than your retirement.

Some of the companies that that advertise extensively on late night TV are Investools, Optionetics, Bettertrades and Star Trader. I’m very familiar with these companies as I’ve attended the free warm up selling seminar for all of them, and actually bought and attended seminars from 3.

The usual sales cycle is as follows, the infomercial is designed to get you to attend what I call the FREE warm up selling seminar. This seminar is usually in a local hotel and can last anything from 30 minutes to 3 hours. From my experience the free Investools seminar lasted about 3 hours and was actually very informative and educational. The others were much shorter and really nothing more than sales pitch’s to get you to sign up for a starter seminar which could cost anything from $199 to $4K!.

From my experiance you will 1st be given an inflated price for the seminar which will then be cut dramatically if you sign up on the spot, so be prepared to be tempted by this. Most of these seminars come with a set of DVD’s and a manual which enable you to study the material before attending the live seminar.

Consider the following points if you are thinking of signing up for a seminar:

1. Don’t be shy about asking what the refund policy is up front. Understand how long you have to evaluate the training materials because this can very a lot between different companies. It could be only until noon on the 1st day or you may be allowed to stay the whole 1st day before having to ask for a refund.

2. Ask if you can also bring a family member or business partner, usually the answer is yes. Take advantage of this offer, it is better to have a 2nd person evaluate the seminar if you are at all hesitant about whether it is right for you.

3. Ask if the price that you are paying for the seminar is the lowest price that is being offered, just like airlines tickets you don’t want to sit next to someone at the seminar and find out they paid $500 less than you for exactly the same seminar!

4. Make sure that the seminar is exactly on the correct topic that you are expecting to learn about. Remember an options trading seminar will not spend much time on the basics of stock trading and visa versa, and a forex seminar will not cover much ground on either stocks or options. Also make sure that the course is at the right level, many of these seminar keep repeating the basics over and over, but if you are past that it’s just a waste of your time and money.

Remember that learning how to trade is not as easy as many people try and make out. These seminar companies are not going to be able, and don’t really want to, teach you everything you need to know in a couple of days. They all have an extensive range of follow on seminars and will start to sell these to you during your beginner seminar, so be aware!.

Expect a hard sell for the follow on seminars from some of these companies. The sales pitch is usually well practised and hard to resist so be prepared and don’t act on impulse.

If you are very satisfied with the quality of the education that you have received, and you think the company will be around for the next few years then by all means buy additional seminars. But remember this point, usually you will not get an extended amount of time to evaluate the follow on seminars, only the legal minimum 3 days cooling off period in some states. This could be important if you are buying a series of seminars that run over a couple of years.