[if u are a new to trading and want to cash in on the markets forget it. nearly all new traders lose money in the first yr and bomb out or break around even, as they think they are going to make masses and risk too much capital. i assume u are interested in omnitrader as is says it gives u trading signals, but u still need to know if they are valid, so u cant take it's word for it. if someone could develop a system that always made money then they wouldnt sell it.
omnitrader is good for bringing stocks to your attention, and omniscan in the new 2006, will allow u to search now for fundamental data and other market conditions, but u still need to know what you are after, and its the only package i know that offers US fundamental data. i assume u are thinking of taking on US markets, as omindata and omniscan cover this. u can get US data on sharescope in edtions plus and pro, but not fundamental.
as courses go, i wouldnt waste my money, as i've attended them thinking i was going to get a system and indicators that make fail safe money, and i now realise that there is no holy grail. there are great books out there which will tell u all u need to know and get u started, and most speakers and books will say the formala to success is mental not what system u use which make the difference ie: as long as u can cut your losses fast, then, when a trade does work it will cover your little losses, its hard to admit u are wrong and sell a loss, noone wants to be wrong
try reading, 'High Probability Trading' by Marcel LINK ISBN:0071381562
and 'Secrets for Profiting in Bull and Bear Markets' by Stan WEINSTEIN ISBN:1556236832
they will cover the above and explain the technical very well
if u find these books boring or hard to read then trading is not for u as it will become a chore.
also i recommend trading on dumby spreadtrading accounts to get practise. also start trading with really small amounts. u want to be in this longterm and not burn out in the first few months when a few trades burn your ****.
also most of the top fund managers dont make more then 20-30% return a year, so if u can match that u are doing well. most managed funds should return between 10-15% a yr maybe more, so if u are not beating that, then maybe this is a good place to put your money, and u dont have to worry about it. and u can always trade funds like shares if u like, buy when they are increasing and sell them when they've toppped.
QUOTE=CAT1]I am thinking about purchasing OmniTrader 2006 along with OmniData and OmniScans,these being direct from the US.To cut to the chase-am I wasting my money or would I be better off going on Sandy J or John Bartletts Courses?Any corresspondence would be greatly appreciated.[/QUOTE]
