Chapter 12
Researching Research Services
IN THIS CHAPTER
Figuring out where to get a trading education
Supplementing your trading with research
Checking out vendors before you spend your money
A lot of people make big money in day trading, but they aren’t day traders. They’re the people who have profitable businesses selling training services, software, newsletters, and coaching. The problem is, their lessons don’t often help their customers make a profit after these education costs are figured in.
Why the discrepancy between the cost of the training and the value it generates for day traders? It could very well be because some traders who buy these services aren’t cut out for day trading in the first place; after all, day trading isn’t for everyone. In other cases, though, the traders fail to do good research before plunking down the cold cash for training in a system that just wasn’t very good.
You’ve already plunked down the price of this book. Consider that an investment! In this chapter, I cover some of the different services that day traders may want to buy and give you advice on how to determine which ones are worthwhile and which are not. Keep in mind that companies come ...
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