About Ken Roberts
Ken Roberts is a direct mail investment guru that has made himself and his course, “The Worlds Most Powerful Money Manual & Course” very popular. In which Roberts claims that he can show anyone, regardless of experience, how to be successful in futures trading with a budget of only $1,000.
Ken Roberts began selling this mail order course back in 1983. Today it sells for $195 and you receive: trading charts, a course on options, a newsletter, and his novel, “The Rich Man's Secret”.
Roberts also offers you the option of getting access to an advanced training seminar for over $2,500. What Ken Roberts does is combine his tips and strategies for futures trading with his overall philosophy of life. This adds up to a course that offers financial training along with mental and spiritual guidance to getting what you want.
According to Ken Roberts most traders will lose money 95% of the time. He says that his materials can show you how to avoid that nasty failure rate.
18 ‘Ken Roberts’ Reviews
He warns you to paper trade 1st!!
If you lost a bunch of money, then you have no one but to blame but yourself. He warns you to paper trade 1st. If you didn't want to spend the time to do that until you were comfortable that you figured it out, then that's on you. If your paper trades were a disaster, than you shouldn't have invested. If you didn't have the patience and personality to make a plan and follow it then you shouldn't have invested. I think at times he did make it sound a bit easier than it is, but in the end the markets are inherently risky esp. for a newbie. I don't recall him guarenteeing success (even though he may have implied it.) I started in '96 or '97 with about $3,500. and lost on the first handful of trades about $2,500. The last trade I had going paid off quite well and I wound up with a 60% total return on the $3,500. It felt a bit too much like gambling for me so I switched to stocks.
I followed a couple of idiot newsletters (Jack Adamo's value investing) and (Wade Cooks Wall Street Millionaire system) and lost most of the money within a year. I wonder what would have happened if I would have stuck to commodities trading.? In retrospect, the safest thing anyone can do is invest in solid high quality stocks that pay hefty dividends year after year and reinvest those dividends and maybe sell some covered call options on them for extra cash with little risk.
Life threw some bad curve balls at me the last 15 years so I have been totally out of the game. When I get back in the market I will probably do the Warren Buffet type stocks and maybe play with the commodities with a little mad money to have some fun and who knows?? Good luck to all but caveat emptor!
I found that Ken Roberts' TWMPMM and associated courses were a good start to learning the futures markets. If a person consistently monitors the markets (price charts) and develops a feel for their behavior, trading opportunities become more & more obvious. By applying prudent risk management, a person can have losing trades 50% of the time and still make good money over time. BTW, Ken did not bail out of his company. He basically retired and handed over the reins to Jim Prince, under whom the company (now called The Greatest Business on Earth) has been flourishing.
I bought Ken Roberts' materials in Spring 1996. This was back when the internet and email were in their infancy compared to what we have today. I had to stop on my way to work at 0530 to buy the newspaper to get the prices from the day before. Sometimes there were none. Didn't have the web in my home, back then. Lots of gaps in my information, back then. I did a few trades in options. I made some money and lost some. Biggest problem was mine: No internet to get timely information, which put me behind the 8-ball on a daily basis. Ended it when my broker began tapping my account for his own use. Really. Money I had not spent or risked began to disappear. I only lost about $7000, so I just let it go and got on with life. Never had the time or inclination to go back to Roberts' style of trading. I made money, therefore Roberts' plan is not a scam...
I bought Ken Roberts course in 1995. It has been to date the best 100 some odd dollars I have ever spent period. The information and insight was beyond expectation and is/was the best financial and life training I have ever had. I know the guy has integrity beyond any shadow of doubt. Anybody that is successful will ultimately be sued by some idiots. The mere 50k that some idiot lost and suit over is meaningless. Do your homework and invest properly. I will just give one story of one of my best trades. I have missed many more absolute fortunes that brokers have talked me out of. Ok in 1998 or somewhere in there I purchased some Gold call options for $50.00 US. (Gold had been down for quite a while and I started buying the physical metal also as well as Silver). Well Gold had a blip up and I was not even paying attention. My broker from Main Street called me one day, (while I was working my full time 70hr a week underpayed job), and updated me on the price of my options. He said that they were currently worth $2,250.00 EACH!!! Yes I sold and profited $2,200.00 minus commission per option. I wished I had purchased 1000 options. This trade happened within 3 months. What is that 4000% profit? Where else can you make that kind of return? Since then I no longer work my full time job and the course info and financial education that it led to was invaluable. I fully support Ken Roberts, though I don't personally know him and have never met him.
In an attempt to locate a free on-line charting service that I liked, I stumbled opon all this nonsense about Kenny Roberts...I bought up his material, read it cover to cover several times, listened to and watched the tapes, did the paper trading, bought part 2 that dealt with options, etc...absolutely no regrets here, other than to hear news of being in trouble with the NFA a/o CFTC,as another posted here earlier..or that he decided, for whatever reasons, to retire from teaching trading strategies. Whatever the case, I'm glad I found his material while it was available from him and I personally thank the man for the education I received and wish the man well.