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Is Ken Roberts a
Scammer?
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Before you begin any new business venture you should conduct
extensive research into that industry. Although it may seem
tedious at the time, research can prevent you from spending a
lot of money on a business that never had a chance of making
you financially independent.
Ken Roberts, a self-proclaimed
commodities expert offers many courses on trading
commodities and most of what he provides to “students” is
helpful. Unfortunately what Roberts does not provide is an
accurate portrayal of just how risky the commodities market
truly is.
The risk of trading commodities is even riskier when you’ve
only been given a brief overview of the industry in which
you’re investing a great portion of your savings.
The cost of the courses offered by Ken Roberts would be
considered reasonable, if he had bothered to make his students
aware of the fact that even with a huge investment making money
in the commodities market is almost impossible.
Rather than being up front and honest about his “money
making opportunity”, Mr. Roberts spends much of his time
convincing amateurs that they can do this just as well as the
pros. While this may be true in some circumstances, a few hours
of information in no way prepares you to make the same
decisions as a trader in the business for years.
Most commodities traders will agree that most of the
information received by Ken Roberts can just as easily be
gathered at your local library or bookstore, but what you can’t
get is the sales pitch to weasel your money out of your wallet
and into his.
Roberts’ plan begins with what he calls paper trading, which
is basically commodities homework that allows you to track the
market with fake money to see how well you can trade. The idea
behind this is that you can practice paper trading until you
feel comfortable enough doing so to trade with actual
money.
Again, paper trading is something you must do to learn the
ropes and you don’t need to pay a high sum for a course to
begin paper trading.
While I guess I should commend Ken Roberts for letting his
pupils know up front that most commodities traders will lose
more than 90% of the time, his claims that he offers
information that “other guys don’t know” is just plain
false.
These claims are common with schemes like this; someone
always claims to have the inside scoop and they offer it to you
at a fraction of its actual “worth”. The truth of the matter is
that if you really want to get into commodities you need to
learn enough about the market (over years, not days) so that
you have enough money to sustain the hits and take advantage
when the time is right.
Ken Roberts’ commodities trading system is mostly hype, and
barely scratches the surface of the many depths of commodities
trading. If you think the information Roberts offers is
complicated, commodities trading isn’t for you. Besides there
are many other ways to improve your wealth than by getting
involved in an industry in which you have no experience or
prior knowledge.
If you're looking for a real opportunity without all the
hype and B.S., then simply join my newsletter and I'll help you
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too!
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Good
Luck,
Sarah
Newman
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