This is my first post on the forum and I apologise in advance for my share-noobness
I came here as a direct result of attending one of John Giaans (Knowledgesource) seminars where Jules Dawson presented an intro / marketing opportunity related to CFD's.
I was very impressed on the day with the presentation made by Jules - he was humorous, interesting, interacted with the audience well and was easy to understand.
In fact I was tempted to purchase his $5999.00 package and would have except for the fact that 1) i am the original sceptic and 2) i know next to nothing about the sharemarket (which is why i have never previously traded shares despite being interested in the market :P)
Anyway, the thing that interested me about Jules's presentation was the simplicity of the system shown for trading CFD's. There were no claims that this was the "money tree" - we were shown that you could / would take losses but that overall if we followed the "system" we would make money.
Which brings me to this forum
I, being the sceptic as mentioned before, and also being someone who likes to do a lot of research before i jump in and start drowning, was surfing the net looking for information on the sharemarket and in particular, CFD trading / systems.
Id like to firstly say that you guys have a whole pile of extremely knowledgeable people here and i stand in awe of your expertise and i would like to express my thanks to those of you that share said expertise.
Reading posts in this forum for the last 4 hours however has only reinforced my opinion that I know NOTHING about shares, nothing about CFD's or options or that most people lose money and that the only real winners are the brokers.
In fact... I dont even know what i dont know :P
You guys have completely scared me away from the idea of trading shares hehe
Anyway, back to the subject at hand - Jules did make the comment that he did not usually run seminars and that quote "he makes his money from trading, not running seminars". He also claimed to be fully licensed for trading, giving financial advice etc and did quote the appropriate numbers.
Apparently he has a business down there in Byron or Coffs where he supports his clients, software packages etc.
I have no comment on the efficacy of these systems or his program etc, but merely relay information i received at the seminar.
An interesting note - at the end of the seminar I went to enquire as to wether or not he would be running any further seminars at a later date (so that my wife could attend to hear and make an informed decision on wether to purchase).
The only person available to talk to me was John Giaan himself... I was advised that no, Jules doesnt do many seminars but quote "are'nt you man enough to make this decision on your own? why do you need your wifes approval?"
Needless to say this 1970's used car approach to selling did not work with me and I provided guidance to Mr Giaan accordingly :P
I would love to be proved wrong as it were and have someone confirm that these simple systems can/do work, but I think the old adage applies here - if it sounds too good to be true, then it probably isnt.
Meanwhile i will continue to read and absorb knowledge from all you erudite traders and maybe one day i will have garnered enough knowledge to actually make a trade.
Till then I will continue with my ever growing property portfolio which happens to be something i DO know something about :P