Tradersí Resource: Advisory Services
Advisory services are all over the place, as this listing shows. You have plenty of choice and plenty of price points to consider.
One key factor is whether the outfit youíre checking out is a Registered Investment Advisor (RIA) or a registered
Commodity Trading Advisor (CTA). Though it doesnít weed out the foolish advice, the act of registration puts the person or persons under the governmentís scrutiny. In this listing, filled in by the companies themselves, youíll find RIAs and/or CTAs in the first part, with nonregistered advisories and other advisory-type services in the latter part.
If itís trading advice you seek, then track records are
essential, preferably records monitored by third parties. References should also be checked and if publications are involved, back issues should be scanned. Even then, a lengthy observation period following the advisorís rationale and recommendations is prudent. Commit money to trades only when you are ready to follow the advice thoroughly: youíll only have yourself to blame if you cherry-pick trades and come up with results differing from the advisorís.