Although I have never attended an Optionetics free workshop, I have attended other free workshops and I have talked with others who have attended Optionetics' free workshop.
In the free workshop you will be taught some accurate and valuable information, but not enough to trade successfully. The primary lesson will be that to learn enough you need to take their seminar that costs thousands of dollars.
In that paid seminar you will be taught more information, which will again be accurate and useful. You likely will even learn enough to make some profits trading. You will also learn that to be really successful you should take some of their advanced seminars for a few thousand more dollars, or maybe sign-up for some expensive on-line services/newsletters.
My biggest problem with the whole Optionetics system is that there are no secret strategies for trading options. Everything worthwhile Optionetics would teach you about trading, and more, can be learned by reading a few good books on options for much less money.
See
http://messages.yahoo.com/Business_%26_Finance/Investments/threadview?bn=4686677&tid=3620&mid=3623
and for another view on Optionetics see
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B310CB1B9%2DE8E1%2D400B%2D975E%2D0B7B681699B3%7D&siteid=myyahoo&dist=myyahoo
2007-06-23 06:58:42
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answer #1
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answered by zman492 7
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Trading options is an incredibly risky business, best left to very experienced and highly skilled professionals, in my opinion. Optionetics is apparently a company that sells you "how to" materials for engaging in this activity.
If you're not very familiar with investments in general, there's plenty of free information at motleyfool.com, or at any of the no-load (no sales commission) mutual fund websites, such as Vanguard. You might also check to see if your local community college offers a course in financial management.
Unless you're already putting money into an IRA or a 401K, you shouldn't even be considering something as risky as options trading.
2007-06-23 12:14:07
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answer #2
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answered by Owl Creek Observer 2
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Take a look at this review:
http://www.ripoffreport.com/reports/0/118/RipOff0118527.htm
While I don't know this particular program, most such programs are unlikely to help you earn a living from the market - they typically just help the company and it's 'trainers' earn a living.
Typically, option trading is risky and needs broad experience in the markets. To start out trading in this way without prior experience as an investor in the broader markets is almost guaranteeing failure.
2007-06-23 11:51:48
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answer #3
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answered by Anonymous
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