Ok. I've been to Kishore's Seminar in Singapore and had asked my friends to go to his seminar in other Places.
Some noteworthy points:
1) It is observed that he does use "EMOTIONAL MARKETING" techniques using the "cooked family background and stuff".
2) In all seminars, at different places, he had THE SAME MARKETING GIMMICK of saying that there are "X" no. of seats available. How can the number of seats available be the exactly the same at different places at different time????
3) He uses FAKE BONUS techniques. Stating something like...."My course is worth 8000 dollars + Bonus # 1, 2, 3....5 = Worth 25000 dollars....But I will not charge so much...I will come down a bit....Still a bit.....and eventually he reveals the price only to the ones who agree to join wihout even knowing the price"
HE BOASTS ABOUT 100% ACCURACY SYSTEM......THINK ABOUT THIS GUYS......IF 100% ACCURACY WAS POSSIBLE....THEN WHY 1) HIS RETURNS ON CAPITAL IS NOT MILLION % 2) WHY IS HE WASTING COUNTLESS HOURS GIVE THE SAME B.S. SEMINARS...AND WHY DOESN'T PUT HIS MILLIONS TO MAKE BILLIONS QUIETLY ????????
Save yourself from all this crap and get focussed on some realities of trading.
My Tip / Suggestion: We all know that in some time period, our winning rate is too high and in some, it is too low. Using this common sense approach, if we RANDOMLY arrive at win-loss ratio over a period of time (Say 5 years) then you will realize that average typical win-loss ratio is always around 50% - Hence, professional traders give more importance to RISK-REWARD RATIO than Win-Loss Ratio.
Use this in excel for 24 rows (Each row is say 1 month, so we do this for 2 yrs = 24 months = 24 rows):
a) Randbetween(15,85)
b) Take an average of those 2 values
You will see that your win-loss ratio will be below 60%. Which means that RISK REWARD RATIO WINS!!!!!!
FORGET THIS "MARKETING" GUY AND TRUST YOURSELF AND FIND SOMEONE WHO SPEAKS LESS AND DOES MORE (i.e. exactly opposite of Kishore).
Hope this is useful.
I agree totally.
I also attended his "Free" seminar recently.
He knows how to use lots of EQ and physcological technique to "lure" pple into his expensive course.
Towards the end of the free seminar, he asked the helper, how many seats left?
The helper shouted "12".
So he said he's gonna give a free S$1,000 trade money to the first 12 participants who registered for the course. However, there are more than a dozen credit cards submitted, and none was rejected. I thought the seats left is 12?
I think they are running free seminars every week. And in each seminar, the number of seats left is 12??? LOL
I would say it's a high power selling course. However, come to think of it, if his FX trading course is really so good - words will spread. And pple will flock to his course. Does he still need to pursue this kind of tricks?
I guess he made more money from his course then the real trading.
Thats my two cents worth.