V. 22:6 (116-121): Tradersí Resource: Consultants by Technical Analysis, Inc.
Consultants consult on just about every conceivable worry traders have. A quick perusal of our listing in this issue shows that they have been called in to consult
on everything from tax advice to weather reporting. Can all this help you? Maybe. The rules for checking out consultants are simple: check references, check
references, and (did you guess?) check references. Nothing can be more vague than a consultantís
initial proposal, but nothing is clearer than a clientís opinion on the success of a consultantís engagement. Consultants without satisfied clients are likely to be doubly expensive: wasted money and wasted time. When checking references, make sure you use some references not supplied by the company you are evaluating.
That said and with that in mind, you must do your homework before calling one in to help you. Be sure you can say in one sentence what you want the consultant to achieve. In addition, be sure you know of and can contact people who truly specialize in your area of concern, not simply someone who will take on any problem that someone dreams up. Again, references from others (and satisfied customers) are great leads.