Tips for Choosing Trading-Seminars
Trading seminars can prove an effective method for improving your trading skills. Currently, you can find a great number of trading seminars in the US and worldwide –and here are some tips to pick the best of them.
1) Identify your needs and determine what trading topic fits you best
Identify your specific trading needs and trace trading seminars that focus on that particular area. General trading seminars are a good choice only for beginners. A focused trading seminar, like one designed to teach you every aspect of a specific trading-platform, will be more useful than a seminar that covers the broad field of every trading platform.
2) Identify your experience level according to the level of the trading seminar
Trading seminars cover a large variety of experience levels. Other seminars are designed for beginners while others are designed for even professional traders. So you must indicate your personal experience level in order to make the right choice for your seminar.
3) Avoid trading seminars that are promoting products/services
Some trading seminars may focus on selling a product instead of offering useful trading information.
4) Trace the experience level of the seminar instructor
Before you decide which trading seminar to attend you must verify the credibility of the institute, or the person hosting the seminar. The level of experience of the instructor is absolutely the most important factor in order not to lose your time and money. It is strongly suggested to find trading seminars that instructors are real professional traders and not professional teachers. The internet today provides an essential framework to search and review particular instructors. A tip is to focus on the annual frequency of a seminar. A large number of annual seminars indicates a teacher’s activity while a small number of seminars (one every month max) usually indicates a professional trader.
5) Use the location of the seminar as an indicator
The place where a trading seminar will be hosted can be used as an indicator of what you should expect. Professional traders usually use places like hotels. Professional teachers instead usually use specific places like offices or modified classrooms.
6) Evaluate the seminar's instructor
The internet can be used as a tool for investigating your potential seminar instructor. Once you have traced the names of potential instructors - search for articles and e-books that they have published in the past.
7) Check marketing sources
Marketing material held in your hands or in your monitor should include background information and certifications of the seminar instructor.
8) Evaluate and compare the price of trading seminars
An expensive trading seminar does not necessarily equal a high-value-for-money seminar. The price of a trading seminar usually varies from $500 to $5.000. You must include or exclude the cost of accommodation in order to make comparisons but also be aware of the possibility that you will be burdened with additional costs (for example buying software before you trade).
9) Residential Seminars are more effective
Residual Trading seminars offer overnight accommodation and are more effective than non-residential seminars as they are offering the chance to get to know both your instructor and your colleagues.
10) Stay in Touch
Before the seminar is over try to get in touch with your colleagues by trading business cards, emails, telephone numbers etc. It is nice and useful to get in touch with people of the same interests.
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