During the last four years I have attended about five or six trading seminars, ranging from 400 upwards.
The seminars covered such topics as Fibonacci, Writing Covered Calls, Moving Averages and other well-known applications of what is commonly known as technical trading or charting.
Once home, armed with my free attendee info pack, I found most of the information contained within the format of these seminars is available either for free or a much reduced cost online. There is of course the notion that for anything worthwhile and of substance, there'll be a price tag attached and this is no less valid for trading systems and information. But and it's a big but; there's so much more appropriate information for so much less than a multi thousand dollar, or pound, seminar fee.
At each trading seminar I attended, I had to sign a confidentiality agreement. Why? Well, clever people are the Gurus; they take age-old techniques (I find there's not much new) and write their own copy or presentation style for them in order to charge huge bucks for teaching "their" secretive system or systems to a group of willing and awe struck attendees at a glamorous hotel. The professionals behind these seminars know a thing or two about the human "state of mind". Or know someone who does.
From what I've observed, a note about secretive or unique systems. They are only classified as such because Gurus put together a bunch of two or more standard indicators in their own way and bingo! They have a unique system. The hard part is the effort, time, gathering of and putting together resources.
I went to one (albeit a free taster) trading seminar, in London in 2006, at which the "Guru" wasn't even present! OK, it was a free one, but there was such a strong and obvious sales pitch running throughout, with all the usual software and additional course promo fired at us towards the end. One had the option of leaving halfway through if not pleased or captivated, but then any information of any value is held towards the second half anyway. The presenter was a real wide-boy, padding out 10 - 15 minutes or seminar time telling us about his family history, as if anyone cared!
I found enough information at home online after each event to more than cover what the core courses contained. OK I didn't get the free refreshments, but I'll live with that. I guess they were journeys well spent in that a couple of times I learned of a method and strategy of trading I'd not previously heard. But again, enough thorough searching will throw up a system that will suit you for much less outlay.
If you are still keen to attend a trading seminar, in terms of research maybe, I don't think it's wise to spend more than 10% of you trading budget on one.
Copyright Ian Jackson
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