My Trading Adventure
Trading Scam : Ken Robert
CP TEH
Publish date: Wed, 25 Jul 2012, 02:36 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Ken Roberts Review
Ken Roberts, in my opinion, is just another famous vendor of hype.
A college drop-out and former life insurance salesman, Ken Roberts persuades investors that with an initial capital of only $1000, they can become victorious traders.
Roberts published a mail-order book in 1983 called "The World's Most Powerful Money Manual & Course". It contains tips and policies about futures and about getting anything you want, be it mentally, physically or spiritually out of life.
He claims to have sold over 300,000 copies at $195 each, which works out to nearly $60 million. Roberts charges $2,695 for his advanced trading seminar, and states that futures trading is one of the world's greatest businesses.
He hawks trading charts, a newsletter, a course on options and his novel, The Rich Man's Secret.
Ken Robert's course does not give any extraordinary information at all. It is cheaper and simply easier to collect information from any local library or book store.
The facts mentioned in the course is available in other free manuals and books, hence it is not worth wasting money on this course.
He has made good money from high commissions of his brokerage firm, but not from commodity marketing.
People who are buying Robert's program on commodity business are not very successful.
Even Ken Robert admits that 95% of the commodity marketers fail to gain money, but still he tries to sell his program by spreading the idea that commodity business is a very simple way to earn money.
I believe that it is very apparent that Ken Roberts is more keen on selling and promoting his course than implementing them in the actually commodity market.
Ken also owns a California brokerage firm called Main Street Trading. Many small active traders are losing money, because of the high commission charges ($95 a trade).
This hype has definitely earned Ken Roberts millions of dollars, and an Oregon mansion with a cigar room, but customer's mansions are no where to be seen.
-----------------------------------------------------------------------
Trading systems and strategies are out there for sales. If we believe in such, then the choice is ours. The reason why many falling into such 'too good to be true' stories is due to GREED.
It is true that newbies and novices should LEARN before they move into markets ... so, it is 'easy' for them to be lured into rumours ... using forums, e-mail, sms ... any form to prick that GREED in those ignorant punters, especially those losers. Yes ... losing money and losing more to the trainers or systems they are selling.
Until traders using their OWN LOGIC ... to learn and increase their own knowledge, stay smart ... and gain experiences(of winning and losing), no one could help them to be logical.
By the way, Ken Roberts being mentioned by Russells Sands as a scam.
TEH
Ken Roberts, in my opinion, is just another famous vendor of hype.
A college drop-out and former life insurance salesman, Ken Roberts persuades investors that with an initial capital of only $1000, they can become victorious traders.
Roberts published a mail-order book in 1983 called "The World's Most Powerful Money Manual & Course". It contains tips and policies about futures and about getting anything you want, be it mentally, physically or spiritually out of life.
He claims to have sold over 300,000 copies at $195 each, which works out to nearly $60 million. Roberts charges $2,695 for his advanced trading seminar, and states that futures trading is one of the world's greatest businesses.
He hawks trading charts, a newsletter, a course on options and his novel, The Rich Man's Secret.
Ken Robert's course does not give any extraordinary information at all. It is cheaper and simply easier to collect information from any local library or book store.
The facts mentioned in the course is available in other free manuals and books, hence it is not worth wasting money on this course.
He has made good money from high commissions of his brokerage firm, but not from commodity marketing.
People who are buying Robert's program on commodity business are not very successful.
Even Ken Robert admits that 95% of the commodity marketers fail to gain money, but still he tries to sell his program by spreading the idea that commodity business is a very simple way to earn money.
I believe that it is very apparent that Ken Roberts is more keen on selling and promoting his course than implementing them in the actually commodity market.
Ken also owns a California brokerage firm called Main Street Trading. Many small active traders are losing money, because of the high commission charges ($95 a trade).
This hype has definitely earned Ken Roberts millions of dollars, and an Oregon mansion with a cigar room, but customer's mansions are no where to be seen.
-----------------------------------------------------------------------
Trading systems and strategies are out there for sales. If we believe in such, then the choice is ours. The reason why many falling into such 'too good to be true' stories is due to GREED.
It is true that newbies and novices should LEARN before they move into markets ... so, it is 'easy' for them to be lured into rumours ... using forums, e-mail, sms ... any form to prick that GREED in those ignorant punters, especially those losers. Yes ... losing money and losing more to the trainers or systems they are selling.
Until traders using their OWN LOGIC ... to learn and increase their own knowledge, stay smart ... and gain experiences(of winning and losing), no one could help them to be logical.
By the way, Ken Roberts being mentioned by Russells Sands as a scam.
TEH
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6 people like this. Showing 5 of 5 comments
Hi
Yes, I will write what I like to write. That is my blog, my personal space. I m independent and not paid to write, FYI.
It is very important for newbies and novices to understand what it takes to be a good trader, as I m still learning too. But, I m logical ... I m patient to learn. And I still have years to learn. Yup, I m taking a long unpopular road in learning to trade.
Thanks for the supports.
TEH
2012-07-25 18:50
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
passerby
You should write more quality articles like this. I enjoyed reading your posts.
2012-07-25 16:11