There seems to be no shortage of people trying to peddle themselves as experts in helping people make money. Don’t get me wrong, there are some genuine opportunities out there but sometimes getting a little background information can help. It can certainly help us make better decisions about different opportunities that come our way.
Here’s a guy I’ve recently heard of who’s giving free seminars about how to make money by investing money in the FOREX market. Andrew Barnett FOREX trader is currently touring the major cities in Australia trying to get people to part with their money and invest it in Forex training programs.
It is often said in this business that you are only as good as your previous business. If you’re trying to sell yourself as a credible investment guru, then a history of success would be a good way of building trust and credibility with your clients. Surely anybody can change, but a murky past is also a good way of figuring where this guy is coming from. Before becoming a member of LTG Goldrock (the company Andrew Barnett is currently working with), he was associated with another FOREX company known as Traders International.
And if you did some simple research about the guy and what happened at Traders International, you might want to pause before spending a cent.
It seems that this is clearly a case of déjà vu as Andrew and LTG Goldrock are at it again and using similar strategies that they learned at Traders International. If you’ve attended any of the free seminars that Andrew Barnett or anyone at LTG Goldrock has conducted, then you would surely be familiar with these marketing strategies. First they deliver a nice presentation and pep talk about how successful their FOREX strategy is, and how they always get their figures 80 percent correct (or whatever) all the time.
Yes, the seminars are free but once they get you convinced as to the value of their strategies, they will then try and sell you one of their training programs.
There is nothing wrong per see with education and training. In fact we support it 100%. But the questions you need to ask yourself are:
- Is Forex REALLY for me?
- Can I make money from Forex?
- Can I handle the emotional pressure?
- Does this program represent value for money?
There is no sure-proof way of making money in the Foreign Exchange (FOREX) market. All traders have lost money at one point or the other. Don’t believe in the hype or advertisements that promise you a sure-profit. In truth, the key is to experience a learning curve of constantly making the best decisions at the best times that we achieve the best results. Don’t be a fool or act like a headless chicken with no direction or purpose, and just keep placing bets.
We have no idea if you can use Andrew Barrett and his Forex strategies and make a dollar, or lose a lot more.
We believe in the value and virtue of educating yourself, particularly in relation to financial matters. From that standpoint Andrew Barrett has a good message – educate yourself to maximize your results.
But understand this: Forex is NOT for the faint hearted. Forex is also not an investment program. In truth it is a gambling program with great potential to leverage your investment. But leverage works both ways – on the downside you can lose money very quickly.
All a Forex trading educational program can do is lesson your risks of failure, not prevent it. Forex trading should never be looked at as just another home business option. It is not; it is a speculative activity, pure and simple.
On the other hand, a REAL business is NOT about gambling and speculation. It is about having a good product with strong market potential, and a sound marketing strategy. THAT is what home business should really be about. Don’t delude yourself!
vFinally, to satisfy yourself, by all means check out Andrew Barrett next time his seminar program rolls into your town. Over to you………..