Tuesday, October 9, 2007

Teach Me to Trade

When I browse to one of my brokerage account: Zecco.com, I saw an advertisement about a free Teach Me to Trade (TMTT) class. Since I'm pretty new about this whole trading thing. I signed up for the preview class after work. A day before the class started, a guy called me to confirm my attendance which I think it's pretty nice of them to remind me about it. So, I come to the class and it lasted about 2 hours. In my opinion, although they keep rambling on how you should set your financial goal, throwing sales pitch over and over again for the three days class for only $199. To be honest, at first I'm almost signed up for the three-day class since I learned some new things for trading such as: MACD, Stochastics and DMI chart during the 2 hours preview. Moreover, you can bring your spouse/friend with that $199 package which probably you could share it with your friend.

However, the only drawback I saw is that they will teach you to use their software and you need to pay $40 / month for the subscription. And then, to attend the three-day class, I need to take two days off from work on Thursday and Friday since the class run from Thursday to Saturday. I also did some research about TMTT course before I attend the seminar and I learned once you get in to their three-day class they will pitch you more to an "advanced" class that will cost you thousands to tens of thousand dollars. Because of those drawbacks, I decided not to sign-up for their three-day course. The only thing I wanted to learn more from the course might be options trading but again by reading reviews by some people that have attended the class, they said it only cover the very basic of options trading and push you to sign-up for the advanced options trading class which costs much more. In the mean time I think I would just use the information that I gather from the seminar and apply it to extend my trading knowledge.

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