If you're reading this review then you probably saw the VectorVest infomercial on television or you
attended a free VectorVest seminar in your local area. Before you spend your money I suggest you read this.
Having been fascinated by the stock market for many years. I've made it my business to review stock
market and business programs and evaluate them. I recently did this with the VectorVest system.
It's a fact that the people who are looking at VectorVest are beginner to intermediate traders
that want to work from home and supplement their income. VectorVest has targeted this group with simplified stock-picking
software.
The idea that your computer will beep buy and sell signals without providing proper information and
rules is called "black box trading." Black box trading has a long history of implosion.
One of the most troubling things about VectorVest is it has no documented track record. For this
reason I contacted the company and asked for one. I was told that VectorVest is only a tool, an educational product to
help with the decision-making process. "Why then are they demonstrating this system as a way for people to create financial
freedom, I asked. That's when the sales rep went very quiet. "What about the people who are depending on this system
to quit their jobs or supplement their retirement income?" Again there was silence...
To be fair, the VectorVest system is based on sound technical indicators that have been used for
many years. Moving averages, converging lines and indicators are common place. The only difference is that systems like this
must be used with other indicators and even then, a strict risk management regimen must be followed.
My sources report that many seasoned traders are up in arms about VectorVest because not
enough has been said about the most important rule of trading stocks, funds or commodities. That rule is Risk Management.
Risk Management is where you have the training to know when to cut your loses before they get bigger, as well, not to cut
your gains too short as well. In other words know when to pull the plug and when to let it run!
VectorVest is shown as an oversimplified piece of software that magically tells its user when
to buy and when to sell. It claims to do this with "Proprietary Algorithm Lines" (these are two converging or crossing moving
average lines) I canvassed all the popular stock-picking forums to see if I could find someone that was having good results
with this VectorVest system.
Out of eighteen replies, eight seemed valid. Of the eight, two had sold their package
at auction, two had never loaded the program, three were waiting for a reply from customer service and one
had made $600 on a trade but lost on one other.
After examining and testing hundreds of money-making opportunities and work at home programs, ONLY
ONE brought in a paycheck that covered all my monthly expenses.
Click here to go to this website.