just like the first time when you were a kid and had the courage to go for a swim on your own without any supervised assistance, i too feel scared when thinking of taking the plunge into the share trading "pool". the problem is that i have been bombarded with so much information and programs offering "security, wealth, financial freedom, independance etc etc etc" that i feel that i am starting to sink without the worldly advice of an unbiased hardened trader.
So.....in light of the above, i hold my hand out for your assistance, wisdom and help in at least pointing me in the right direction.
to explain my scenario, I have a reasonable amount of capital which i would like to invest into the share market. i have done some research and i feel that derivatives are the way i would like to go. in saying this, i am thinking of giving my hard earned cash to an Australian options trading company called "camelot derivatives". they use condor spreads and other option trading strategies to supposedly guarantee returns of approx 5% per month. the catch is that they require an excessive amount of capital (minimum 50K) to begin with before they do any trading for you. though they provide daily reports and claim to be totally legit, i am a little concerned with the capital required to start. any comments?
i also did the optionetics 3 day trading course approx 3 years ago and was incredibly mad after paying my cash and then told that i needed to spend a further $6,000.00 to purchase a technical analysis program, something that was never ever mentioned in the intro or the first few hours of the course! i now have all the material and have realised that unless i have the expensive technical analysis software it is useless.
finally i have also been approached by a sports arbitrage company "MGM Sports" and a technical analysis software firm called "data Share". both promise wonderful returns yet skim on a lot of detail when the hard questions are asked.
sorry for the long write up but any advise and wisdom would be greatly appreciated before committing my capital anywhere. also. please feel free to recommend whom you may think offers great service and support. i am not afraid to pay for good support and service if the returns a reasonable. my goal is not a get rich scheme.
thanking you all in advance for your help.