When it comes to trading there are many resources and guides available to help you succeed
. Along with them comes the hype and claims that they can teach anyone how to make a fortune in the markets. As with anything in business or in life if something sounds too good to be true then in it most definitely is, but there are a few tricks that you can use when researching programs like VectorVest to get the truth.
If anything about these past couple years has been made clear it is that the market is hard to predict and has incredible swings that not even the best traders can predict. This is why you should practice limited risk trading, unless you actually want to be out there gambling with your money.
This is why when you get presented with an offer for a stock picking software, seminar, or training course you need to do your research. This is the first step and by far the most obvious, yet many people fail to do it and end up acting on their impulses.
When you are researching a course like VectorVest you need to know what to look for. There are many promotional sites out there that have revenue sharing partnerships with the courses that they are reviewing. Thus, while their research and results may be real and factual it is still better to get unbiased reviews from real customers.
The best way to get this info is from trading forums; these sites have firsthand accounts from traders that have actually used these types of programs and have solid info to report. Many times people will even post their entire trading histories in the course of evaluating one of these courses or software products.
As valuable as these accounts are there are some downsides. The main problem is that you are relying on someone else to make your decision for you. You do not know much about the person and their situation, maybe their bad results were due to a mistake they made or their own inability to understand the instructions. There can be many factors that result in someone coming on a message board and saying that a course like VectorVest did not work for them.
Thus for a complete picture of whether a trading product is for you or not it is best to use a variety of sources. You should look at product reviews from qualified sources; look for experts who have trading blogs or writers for financial publications. If you combine this additional source of info with enough customer reviews to account for variance then you should get a clear picture about whether the product is right for you or not.
This is some simple advice to follow; you may have your own way of researching trading resources but keep in mind that there is no such thing as too much research. Remember not to act impulsively and get a clear picture about how a company like VectorVest treats their customers and the quality of their information.