The Naked Trader - thinking of going to the seminar..

blinko

Overall I would say if you are new and you want to meet someone genuine he is your guy, again he is very simple and you hear about UBS traders getting it wrong

http://www.guardian.co.uk/business/feedarticle/10454953

and losing billions, if that was Robbie he would have been sitting on ridiculous profits!

So if you are serious about getting into shares etc I would recommend going along to his seminar, it will take a day and you will get a tasty lunch usually at a swanky hotel, one was near Heathrow 4-5* place and of course get to meet someone who has genuinely made £1mil from the markets from his bedroom which is something i think we would all like to do

blinko

anyone been to his advanced seminars?

MoneySaverLog

blinko wrote: »

anyone been to his advanced seminars?

Is that where they upsell you to their 10k superdupa course where you'll end up a millionaire following his stock picks?

FatherAbraham

londonman81 wrote: »

I'm tempted to try out the Naked Trader seminar:

https://www.nakedtrader.co.uk/seminars.htm

But all the usual questions are popping into my head i.e is it worth the money (around 600+VAT), why would someone do this if they are making money for themselves, I could find out the same stuff by reading books instead of spending money on the seminar.

No-one who had a trade-picking system which worked, and made money, would throw it away by explaining it to others. If one wanted to leverage one's knowledge, one would manage a fund, or else borrow money to profit.

£720 wasted. £720 which could have been put into a conventional long-term investment for your future.

Returns are irrelevant. It's risk that matters. Noise-trading will make you poor.

Warmest regards,
FA

IronWolf

Don't bother, waste of money.

If you want a proper course on trading then the best value for money I have seen is here http://www.instutrade.com/seminars/

They do a free seminar where they go through some of the basics and tell you what is on the course so you can decide then. The person that runs them is a former Goldmans trader, and he will take you to the pub afterwards and buy you free pints while you can chat to him about whats on the course.

John1993_2

jimjames wrote: »

Well they do work up to a point. The person running them gets rich!

It's remarkable how few professional traders have felt the need to go to one of these kind of courses to get better at our jobs.

Rougly, ooh, none of us, I'd say.

IrnBruMan

I see trading as akin to gambling.

I have followed the stock market since I was around 13 years old. I invest in companies and investment trusts (I'm an analyst at WhichInvesmentTrust.com), but I would caution anyone to be extremely ware of these get rich quick scenarios.

It is possible to make a lot of money doing this but most people do the opposite and loose a lot of money.

Even the most successful fund managers I meet expect around a third of their ideas to go wrong. It is very difficult to call the market because investment themes and strategies only work for so long, and the change can come too fast to spot.

It's much easier to get rich slowly and invest in your chosen area be that equities, investment trusts or unit trusts/OEIC's.

2010

IrnBruMan wrote: »

I see trading as akin to gambling.

sir john harvey jones

---

ex ici boss and troubleshooter, once described the stock market as "a gambling den".

I think he was about right.

John1993_2

IrnBruMan wrote: »

I see trading as akin to gambling.

It depends which siide of the market you are on. Those of us employed as traders tend to be paid to minimise risks, not to add to them.

Treesie

blinko wrote: »

anyone been to his advanced seminars?

I have been to the advanced Blinko. Robbie's seminars are the only ones I would pay for. Its not a get rich quick scheme, its common sense trading. He makes you think about what you are buying (or not buying) and why. You get a day of live trading and a chance to pick away at his knowledge. I have made my money back multiple times over so imo well worth the money.