The seminar is like reading a very good book. I attended their Seminar in May. What I gained from it was knowing the importance of Key reversals and Gaps which I had not read at all. Unfortunately, there is no one-to-one session on the computer at the Seminar. It is very difficult for a rank newcomer to digest so many concepts in two days. A lot of guys there who were sounding very confident in their participation reavealed that they had already attended previous seminars. That alone shows that two days can only give a good intro which can easily be got from a book. Another seminar I attended from Chartistcafe was more professional. They gave a CD on the presentation charging Rs 100/-. Viratech refused to give photocopies of the slides even on my specific request to them. Their slides and charts keep alternating on one screen and you have to see a second screen at the other end. You must be a superman to take down what is spoken, displayed at both ends and that too on a 'technical' subject.
I did not mention Chartistcafe because of my own suggestion in my earlier post about avoiding seminars but they also gave us a list of books to read. They gave us a three hour free presentation and covered the absolute basics. (plus free food and drinks). In the old days we used to say " A cute little century by Vishwanath is far better than a double ton by Gavasker' This is the exact situation, not because ot the free element but for that wondeful CD.
On the positive side, you may bump into contacts in the Seminar who may be willing to help you out. I was lucky that way but that guy chickened out after a couple of days. Basically, you need coaching not teaching, Another broker told me this and said that as long as I read up all the theory, he was willing to guide me as a value added service as long as I became his client. He was intelligent too but his not having the EOD Metastock proved very cumbersome. Basically, if you can convince a broker or one of these Newsletter guys to coach you over a period of three months, it will be much better value for the same money. Try to convince the newsletter guys to follow a horses for courses philosophy and coach you instead of subscribing to their Newsletters specifying that you are not asking for trade secrets but the basics. Here also you will be lucky if you get a genuine guy because for them, it will be like killing the geese that lays golden eggs. If you learn, its one potential customer less for them. Everyone is not alike but many of them have the attitude opposite to that of the Chinese proverb, Give somebody a fish he eats today. Teach him how to fish, he eats everyday. You will be lucky if you bump into the right guy who charges reasonably. A respected figure in CNBC asked me Rs 2.5 lakhs for teaching for a year- he decides everything, you cannot even question which software to learn.? He was out and out arrogant. That way the seminar is better.
As far as Metastock is concerned, it is really useful only if you want to become a pro I think. Where basics go, Metastock is a little more user friendly. Fancy explorations are more of an intellectual exercise if your financial resources are limited. I have read at a number of places that a majority of fancy indicators are superfluous. It maybe an excellent product but where value added service is concerned, in my view as somebody who has worked in Export Marketing is poor. Ideally speaking, if you buy an original package, they should be providing you this 3 month coaching I am talking about. Their people in Delhi know just about the basics and in a product like this one is looking forward to some good one to one sessions without wasting Viratechs time. I have met many people who have hinted that it was foolish to buy the original version and honestly speaking, I cant help wondering whether or not they are right. The irony is that Equis provides free workshops in the US and the possibility of learning in those one to one sessions provided you are theoretically sound is far better than a seminar. After six months, I recently learnt that an expert advisor gives trading signals. When you try to learn adhoc, this is what happens. Like in trading, in hindsight it maybe common sense but Common sense is most uncommon .
Some people charge fairly high for teaching even Metastock tips and tricks. Why should you pay them if you are buying the original package? If anybody has any doubts about what value added service implies, read Peter Drucker,s ," Innovation and Emtrepreurship".
Keep one basic point in mind- Anything that is technical, has a direct monetary implication and has over 90% failure rate requires commando type training. No seminar or discussion forum, no matter however good can come up to that.
Even generally, professionalism is all about thoroughness which is hardly evident in their service. I have written long as I have really had a rough time learning TA. That is why people like Credit who proactively part with critical info must be appreciated.