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9/22/2017 12:11:25 AM
Posted: 8/29/2005 5:38:27 PM EDT
Has anyone on here ever used or know anyone who has ever used The Ken Roberts Course? If so, did they do well? Just curious if it really works. Thanks, Jdman
Link Posted: 8/29/2005 5:41:15 PM EDT
Nope but I ALMOST made a bunch of money on an options deal once. Should have bought lottery tickets instead.
Link Posted: 8/29/2005 5:52:13 PM EDT
yeah, seems about the same huh? jdman
Link Posted: 8/29/2005 5:53:45 PM EDT
Everyone I've talked to about futures says unless you REALLY know what your doin, run dont walk away.
One of our family members lost a good (mid 6 figures) chunk of change on it, guess it kinda scared the rest of the family away from futures.
Link Posted: 8/29/2005 6:03:18 PM EDT
You can "paper trade" it awhile to see if you like it, but that's not like the real thing when actual $ is involved. Even if it is a great system, unless you have enough capital to withstand the inevitable drawdowns, you may become discouraged (or broke) before it pays off. For the vast majority, it's a "Run, Forest Run" deal.
With futures, options, options on futures, you not only have to be right, you have to be right within a certain time frame. An example- I bought some Google 180 calls a few months ago when Google was trading in that neighborhood. It fell back a little, recovered and traded sideways and the options expired worthless. Couple of months later Google broke 300. I was correct, but "early correct" doesn't cut it.
Link Posted: 8/29/2005 6:27:41 PM EDT
[Last Edit: 8/29/2005 6:30:19 PM EDT by raven]

Originally Posted By jdman:
Has anyone on here ever used or know anyone who has ever used The Ken Roberts Course? If so, did they do well? Just curious if it really works. Thanks, Jdman



UTTER RIPOFF! He charges a lot of money for basic introductory information anyone can get for free, especially with the internet.

Investment Training Material Marketer Ken Roberts Settles FTC Charges

For Release: March 24, 2003

An operator who used deceptive claims to market commodities, stock, real estate and other investment courses has agreed to settle Federal Trade Commission charges that his deceptive claims violated federal law. The proposed settlement would bar the defendant from misrepresenting the value of practice "paper trading" to purchasers of his investment courses and require him to disclose, clearly and conspicuously, the risks associated with investing.

The FTC charged Ken Roberts and his three companies - The Ted Warren Corporation, The Ken Roberts Institute, Inc., and the Ken Roberts Company - with violating the FTC Act by using their Web sites to claim deceptively that consumers who successfully "paper trade"- or practice trade without actually investing - are more likely to profit when they engage in actual trading. According to the FTC, they also failed to disclose the risks associated with the trading techniques recommended in their investment courses.

The proposed consent order would prohibit the respondents from falsely claiming that purchasers who successfully "paper trade" are likely to make significant profits when they invest funds in the market. The order also would require that the Web sites offering investment courses contain disclosures outlining the inherent risks associated with investments in volatile markets. The disclosures include warnings that investing is risky; that paper trading does not mean consumers will make money when they actually invest; that investors can lose money; that with certain investments, consumers can lose more money than they invest; that many experts contend that most individual investors who trade commodity futures or options lose money; and that past results don't guarantee future success. The consent also contains standard record keeping requirements to allow the agency to monitor compliance with its order.

The FTC vote to accept the proposed consent agreement was 5-0. An announcement regarding the proposed consent agreement will be published in the Federal Register shortly. It will be subject to public comment for 30 days, until April 23, after which the Commission will decide whether to make it final. Comments should be addressed to the FTC, Office of the Secretary, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580.

Copies of the complaint and proposed consent agreement are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint, or to get free information on any of 150 consumer topics, call toll-free, 1-877-FTC-HELP (1 877-382-4357), or use the complaint form at http://www.ftc.gov. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

(http://www.ftc.gov/opa/2003/03/tedwarren.htm)

Disclaimer: TurtleTrader has no connection, association or affiliation with Ken Roberts or The Ken Roberts Company.

www.turtletrader.com/tedwarren.htm

Read through that Turtle Trader site if you're interested in speculation. The "Turtles" are a group of individual traders who were taught by some of the leading commodities traders of all time, as an experiment to see if speculation or trading markets could be taught. They are extremely cynical about most techniques, technical analysis, trading systems and gurus. A lot of interesting articles and free information about trading on that site. Start here

www.turtletrader.com/basics.html

Link Posted: 8/29/2005 6:30:35 PM EDT

Originally Posted By raven:

Read through that Turtle Trader site if you're interested in speculation.



Is there money in trading turtles??
Link Posted: 8/29/2005 7:23:23 PM EDT

Originally Posted By Specop_007:

Originally Posted By raven:

Read through that Turtle Trader site if you're interested in speculation.



Is there money in trading turtles??



More than in asking retarded questions
Link Posted: 8/29/2005 7:24:26 PM EDT

Originally Posted By raven:

Originally Posted By Specop_007:

Originally Posted By raven:

Read through that Turtle Trader site if you're interested in speculation.



Is there money in trading turtles??



More than in asking retarded questions




Touche
Link Posted: 8/29/2005 7:52:53 PM EDT
The problem with this stuff is that, while they provide incredible leverage for making you much more than you invest, they also provide incredible leverage for losing you much more than you invest. As has been mentioned, timing is very important. Being right at the wrong time is bad news.
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