Absolutely right. Alistair’s post yesterday echoes some of my own thoughts from the weekend. As I’m sitting here at work with half the servers down I thought I’d post my 2 cents worth….
“No one sells a winning system”
How many times does that phrase crop up on forums? I have to say I agree. If you find an edge in a market that few others have seen and if that edge can bring you in healthy profits you’d be crazy to let others know about it.
So can we assume that all ebooks are worthless scams? That would seem to be a very sweeping statement but sadly it is one that is all too common. Obviously I am biased. A while ago I popped over to another trading forum to have a cosy chat on this subject over tea and bickies. Having wiped the tear from my eye at the warm welcome I could see that the issue has been clouded by near hysteria.
I have bought a couple of ebooks in the past and read several more that were forwarded to me and as “Golden Goose” systems they were garbage. Anyone buying these hoping that it will give them everything they need to profit from the Exchange markets is kidding themselves. Unfortunately a large proportion do promise exactly that and if someone buys it and feels angry at being misled then ofcourse they should tell others about it.
There seem to be more and more people who are looking at sports trading as a way to get a useful second income but they want that income NOW. They don’t want to put the time in watching market movements, trading with minimum stakes, trying out ideas etc etc. Anyone who has been through the process knows how tough it is. Even then, many who do put the time in just don’t have the aptitude for it so I can understand the desire to cut corners.
My Trading Guide contains strategies that can get new traders off to a decent start but will not give them everything they need to profit consistently. No guide/ebook can give them experience. There are so many different situations that they will be faced with that solutions for them all would be impossible to put in print.
That is where the forums and chatrooms can help. Interaction with more experienced traders and also with other new guys is invaluable and these are free. Also, how many ebooks offer lifetime support? Not many.
Alistair’s advice to check out the value of the ebook you are considering from people who have actually read it is spot on. That way the scammers will hopefully sell fewer over priced ebooks.
By the way I would challenge anyone to view my Trading Guide and come away thinking it was poor value. But don’t take my word for it. Ask around…….