Kiyosaki’s Stock Success Workshop, A Beginner’s Experience on Learning Stocks

I went to a workshop recently sponsored by Robert Kiyosaki. The ideas and education presented were not instructed by him but more or less is representative of his ideas. Thus, I found this spectacle through Facebook. I did mention how I’m in love with their system. So one of the gems I found within the ad column was this special peek into Kiwasaki’s Stock Success education.

Normally stocks is my husband’s tinkering, but since this was available I thought I might give it a go and learn a little something about stocks. Also, I wanted the free USB dongle that was filled with information I could read from home. It was for these reasons, I went ahead and signed us up for the training.

To my surprise, the concepts on the basics of trading were presented in a very easy to follow format. There wasn’t any of the force selling which I’ve experienced in Vegas. However, there were many stresses on studying trends and doing the proper research for buying stocks. Thus, you want to ask yourself a couple of questions:

• What is the name of the stock?
• When should I invest?
• How show I trade?

With case studies on past stock performances and testimonials of customers who have had successful results, the workshop was filled with a lot of real world situations which presented themselves around these questions. In showing the proper actions for studying the trend of a company, it is possible to profit when your research is done right.

Know the Rules

Take in mind, the education of money yesterday is being challenged by the new education of money today. It’s the same way you build assets and liabilities for yourself. Thus, changing the way you see that by putting more emphasis on assets will allow you to be successful with long-term results. More over, it’s all about discipline.

When you’re going to work with stocks, discipline is also going to be the major area of your strategy. This is because there’s a lot of variables and without proper execution, all that you have gain could be lost within a brief second. In fact, one of the things that most traders encounter is not knowing when to sell. I’m not sure if the proper term for that is called an exit strategy but when you’re buying you’re also selling. The difference there is your profit.

Another way to go about that is having some leverages by using call and put. These would help you implement trades without much of your emotions involved. Now, the disclaimer here is not every trade will go well. That’s the risk with buying stocks. You’re going to lose some before you win. Most traders start off with experimenting trades on a virtual platform. This will allow you can see how it all works out without any risk of losing real money.

Start with the Fundamentals

There are many different types of stocks to buy – options, futures, mutual funds, forex. It all starts with research before you buy anything. The most important research with stocks is called Fundamental Analysis. It’s quite technical and for many it is a long, dull process because it involves a lot of data and interpretation. There are third party companies which provide these data for a certain fee. In fact, it is through this step here you can see in charts, graphs and the history of any company which makes your decision more educated.

One of the products that came with the sold kit at the seminar was called MachTrader. It is powered by e-Signal and with a monthly subscription you’re able to do all your research within the tool. You’ll get back the fundamental analysis with a green thumbs up for a good score, yellow side thumbs for OK and red thumbs down for bad. The case studies were presented throughout using charts generated from this software.

Within the this tool, there are also available indicators which plays a major part in predicting when you should buy and sell and then buy again. Thus, it seemed so simple even a new user like myself understood how to read MACD, stochastic and moving average lines. Note, there are many more indicators which you can implement into reading stock trends, but those were the three mentioned thus far.

MACD (moving average convergence divergence) – measures a change in direction. It is the movement of the stock. You’ll see two lines, one black, one red, both crossing each other every once in awhile. The crosses are an important aspect because that determines when you should sell and when you should buy. Thus, you sell when the the lines cross down and buy when the lines crossed on up.

Stochastic Oscillator – There wasn’t much explanation to this indicator but reading it is very similar to MACD. You sell when the lines cross down and buy when the lines cross up.

Moving Averages – this one is different because it’s on the main graphical stock showing you how the movements are taking place. There’s only one line and thus, you can see the declines and advances in the history of a stock. These are indicators for strong growth.

… the rich are rich because they’re more literate in some areas than other people … – Rich Dad, Poor Dad (pg. 62)

Final Thoughts

Stock trading is not a simple process of 1-2-3. You need to do your research and learn to predict what direction the trend is moving. It’s not always a winning move but in putting leverages, you can eliminate any drastic decisions which makes you hold onto a stock. Thus, not knowing when to sell seems to be one of the mistakes many traders face. For that, using options can be beneficial.

One of things I haven’t mentioned is, you don’t need a broker to trade. By having your own account you can keep the profits but the same goes for losses as well. So it’s best you do your research and learn the ropes of reading charts, indicators and knowing when to sell. Start a virtual account to test the waters first and then fund it when you’re confident enough with the process.

In the future, as I get deeper into finances and learn more about stocks, the education I got from this workshop provided a foundation for what will be deeper studies. While, this isn’t my first experience with a seminar, I’ve made the most of it and have taken away a lot. Thus, there will be more in the future and more is something which we all want.

What type of more would you like? Money, life? Consequently, more also means giving back.What can you give back more of?

I hope that in sharing with you what I have learned, you’re also more likely to to step out and try networking with local sources and/or professionals that may be available to you as well. This education was provided free to me so you might want to check out where the other FREE workshops may be in your area to learn a bit more.

The Product

This workshop presented a product that was a continuation of the concepts I’ve mentioned spreading out over 3 days. It will go deeper into the technicalities of reading trends and more indicators. What I had experienced was only a taste of what to come.

For $495, you receive a kit with the MachTrader software, the workbooks which will be used for the 3 day workshop and Robert Kiyosaki’s Rich Dad’s Prophecy. Also, for attending the event you can bring a guest FREE when you pay for the kit on the very same day. It’s a good deal knowing that there are many out there costing in the thousands. You can get valuable education cheap just by investing a little time.

Your Thoughts

Have I presented the information in easy to understand format? Did you learn anything? If you’re already trading, can you tell me what some of those random curiosities mean?

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