Thank you.
I trade as simply as I teach in the course.
What you've got in my course works.
I proved it.
You have a distinct advantage by having this on video.
And that's what this video is designed for.
To help you get going.
These are the rules I follow.
You have to be your own advisor.
This is how fortunes are made.
Hi, I'm Dawn Wells.
Learning how to invest in the commodity markets can really pay off
when you know what you're doing.
Ken Roberts teaches people, just like yourself,
the simple, powerful principles of making and managing money
in the futures markets.
Now, if you are ready, let's go inside and join Ken.
Thank you, Dawn.
Welcome.
This is a video by popular demand.
We just got off the road from a seminar tour
that took us to Walt Disney World in Orlando, Florida,
where we met many of you.
We visited Newport Beach, California, and then went on to Chicago.
And did we have some great, great food in Chicago.
And we ended our tour the 4th of July weekend in Boston,
where they held a big celebration for us.
They had fireworks, boats paraded along the river,
and all just because we were in Boston.
That was very, very nice.
Thank you, Boston.
Music
Then we returned home to Grants Pass, Oregon.
Music
And now, because so many of you have asked,
I'm making this video to show you how to paper trade.
We'll also address some of the questions and concerns
brought up by your fellow course members during our recent seminars.
Now, the first thing you have to do is get relaxed.
This is not 9-1-1.
This is not brain surgery.
Those are two phrases we use around the office here a lot.
This is not 9-1-1.
This is not brain surgery.
So remember that.
Now remember, this is not brain surgery.
So get some coffee, take a sip, and then light up a cigar.
Now, I know there's a lot of cigar aficionados among you course members,
so I know you appreciate these.
This one is a Romeo and Juliet at Churchill,
and are these incredible, and they're Cuban.
So get your cigar going,
and there are a few things I want to tell you about.
Now, the first is, you're going to have to get ready on this one.
I want you to sit down and make sure you're sitting down
while you're watching this, and just relax.
I'm going to tell you the secret that I've been withholding from you
all this time until this very moment.
I'm finally going to reveal the secret.
Now, are you ready?
Okay, here it is.
I don't know what you think I do.
That's it.
That's the big secret.
You think I have some vast knowledge or trading secrets, and I don't.
Everything I do, I've taught you in the course.
In my personal accounts, which we're now talking about
in interviews and our monthly newsletters,
I've already multiplied my money several hundred percent
and in some cases thousands of percent in less than a year.
I trade as simply as I teach in the course,
and you can now see this firsthand
with an even better view than those who attend my seminars in person
and at a much lower cost on our Twampum the Workshop videos
and my exclusive Roundtable meeting videos.
These are nearly six hours of pure gold,
hands-on training and paper trading the markets,
chart by chart, market by market.
Be sure to take advantage of all the video seminars we produce.
Right now I'd like to discuss the psychological aspect
because that's the part, your mind,
that makes this seem more difficult than it really is.
If you think about when you go to your mailbox,
you take out the stack of mail
and you start going through all the letters and the junk mail,
and basically what it does is put you in fear.
Now, you have to catch that because if you're doing anything out of fear,
you know that it cannot be right.
That's what this little segment I'm going to do right now is about
and why it's so important.
We're going to take a look at that fear that builds up in you,
and we're going to see what's at the core of it.
There was an article in a major financial paper with a headline that read,
Most Investors Lose Money Trying to Avoid Losses.
Now, what does that tell you?
It tells you that fear is in control of their trading
and that most investors are losing money.
The only thing we have to fear is fear itself.
Week after week, the magazine racks are filled with financial publications
touting the hot new mutual funds and which stocks to buy now.
When you look at them, and I recommend that you don't,
remember, no one knows what you think they do.
Remember, nothing is what it seems.
The proof is that they're all recommending something different.
They all cannot be right.
And take the leading newsletters in this country.
I'm telling you some of these cost $2,000 a year for their expert advice.
It's just like Kenny said, no one knows what you think they do.
And I wonder if any of them made any money for their readers.
I'm sure some of you get these newsletters.
So, here it comes, the new issue arrives.
You open it up and let's say it's on stocks.
It'll give you a list of 10 or 15 stocks.
Okay, well, which do you buy?
Do you have unlimited funds?
No, none of us do.
So, which of those 10 or 15 are you going to buy?
You get anxious, you get fearful.
Then the next issue arrives.
And maybe you haven't even read this issue.
So, now you're behind already.
And the next issue comes and there's 10 or 15 more to buy.
So, now what stocks should you buy or what commodities should you get into?
Well, you can't trade that way.
You cannot make money like that.
The New York Stock Exchange is in a panic.
Frantic investors have scrambled to unload their stocks at any price.
Everyone wants to sell.
No one wants to buy.
Suddenly, even the most guilt-edged securities are practically valueless.
That's the way to lose money.
You have to be your own advisor.
And you are the best one for it.
And you can know all the answers.
Well, it's just like Kenny said.
No one knows what you think they do.
Now, it is true that I do have some more knowledge about the market than you do.
But it's not that I know any secret.
It's just that I've sat down with my charts and I've done the work.
That's what you're going to do.
And that's what this video is designed for, to help you get going.
Now, let's take a look at some financial terms you've seen in magazine articles.
You're reading the books out there on commodities trading.
And I'm telling you, don't waste your money on the seminars and the books out there.
Don't waste your money on the newsletters.
Don't buy those things.
Now, remember, nothing is what it seems.
Read the books such as the ones I offer through Four Star Books.
Now, why?
Those are where you should be looking because those books are gems that will truly help you.
They'll help you because they point you in the right direction.
They show you where success really begins.
Now, when it comes to trading, don't stray off and look at fundamental analysis.
What you've got in my course works.
I proved it.
I'm showing you my own accounts in the monthly issues of the newsletter.
You're hearing my real money trading on each edition of the alert lines.
And you can hear how other course members are doing by calling the Conversations with Course Members line every week.
It's all there.
It works.
It's even award-winning.
So, let's take a look at fear.
We do this at my seminars by making a list of the terms and techniques that you see referred to so much.
You see it in the charting services.
You see it in the magazine articles.
You see it in newspaper stories.
And you see it in commodity and investment textbooks.
So, let's make a list of these terms and take a close look at them.
First, you'll need a pencil.
So, get your pencils out.
Get the point?
Now, here's the one big term that everyone at the seminars knows.
RSI, relative strength index.
Another one is stochastics.
That's a good one, stochastics.
Another one is point and figure charts.
You'll see those in some of the charting services.
Another one is GAN lines, GAN lines.
Entire books have been written about GAN lines.
And then there's Elliott wave theory.
This isn't a surfing book.
I can't believe it.
That mean old Elliott and his waves had me so confused.
There are actually Elliott wave theorists.
There are newsletters, articles, and entire textbooks on Elliott waves.
Then, in some of the charting services you get, commitment of traders is listed.
This tells you how many industrials are in a market, how many novices are in a market,
and some give you overbought, oversold indicators.
Oh, and how about Fibonacci?
That's a great one.
Who was he?
An Italian explorer or what?
I don't even know how to spell it.
Another one that's out there is ADX.
ADX has to do with moving averages.
RSI, stochastics, point and figure charts, GAN lines, Elliott wave, commitment of traders,
overbought, oversold, Fibonacci, ADX.
Now, let me tell you something about all of these.
And you may have even more to add to that list.
Even we learned more at the seminars as we traveled around the country.
Every one of these is a term invented by men to impress women.
That's it.
That's the secret behind all of these terms.
Oh, Fibonacci, I love you, Fibonacci.
Cock commodities to me, Fibonacci.
I love you.
What happens is a man is talking to a woman at a cocktail party and he says,
yes, I'm in commodities, and she says, oh, you're a commodity trader?
Already she kind of thinks he's a nut, but she's a little bit intrigued, right?
You've told your friends about commodity trading, haven't you?
So he says, yes, I'm in commodities, I'm in the pork belly market right now,
and I was looking at the stochastics in the pork belly market just the other day.
And she says, really?
You were looking at the stochastics?
Yes, and the ADX indicators.
I always keep a sharp eye on indicators.
So, fellas, these terms are great for impressing women,
but as far as trading goes, forget it.
Learn what I'm showing you on this video.
As Ken says, people should be seekers.
There's no experts.
No one knows what you think they know.
So if you want to get rich, go to someone who's done it.
I want to tell you something.
It's so much easier to paper trade than it is to make one of these videos.
We've been here about four hours today to do 30 seconds worth of tape for you.
This morning, in about 15 minutes, I did all my trading.
I took $27,000 in profits.
I updated my charts, and that was it.
Now, what do you do the rest of the day?
That's why you get different mailers and letters from me.
So you'll have some ideas on what to do.
Now, right now, I'm going to bring on Matt
because I want to go finish this cigar.
Matt was a stockbroker when he became a course member,
and I want you to know that he is an active, real money trader,
and Matt is in charge of our course counseling department.
It's because of his efforts and insights
that the course counselors are able to help you as much as they do.
I also want you to know that Matt actually trades the S&P market,
which I don't even trade.
Matt will show you how to paper trade using our brand new U.S. chart commodity charts.
These are the charts that you've read about in the newsletter
and heard about on the alert line.
They have everything I want as a commodity trader,
but not all of the useless stuff you don't need.
And they're very competitively priced.
It's the best product out there.
And because we're ecologically correct here at the Ken Roberts Company,
here's a little tidbit.
These charts are printed with soy ink on recyclable paper.
Now, what that means is don't throw the charts away when your new charts arrive.
Save them up until you have a big bundle.
Then throw that bundle into a big pot and boil them,
and you and your family can actually eat these charts.
We think of everything here.
Ladies and gentlemen, the Ken Roberts Company does not recommend
the consumption of U.S. charts as an edible product.
Please do not eat these charts.
They're much better read than eaten.
Now, let's get back to the video.
Hi, I'm Matt, and I'm going to teach you how to paper trade.
Before we get started, there's something I want you to think about.
I want you to think about the fact that you apply commodity trading principles
every time you go to the grocery store.
You're walking through the grocery store,
and you see coffee is cheaper than it's been in several months.
What are you going to do?
You're going to buy extra because it's so low.
On the other hand, if you walk into an aisle
and you see that the price of something is unusually high,
you're going to wait because you figure the price is going to come down.
That's exactly what we do when we trade commodities.
Remember, we're talking about real prices for real goods
based on the law of supply and demand.
Prices that are high will probably come down.
Prices that are low will probably go up,
and prices that haven't changed for a while probably will.
Commodity prices will go up or down, but they will never go away.
Let me give you an example of the difference between stocks and commodities.
Boise Cascade is a company that deals in lumber.
The company could go bankrupt and the stock go to zero,
but lumber will never go to zero.
Lumber will always have a value.
Now I'll help you put aside all your concerns
about not being able to learn the world's one perfect business.
There are just a few things you're going to need to get started.
You're going to need a source for getting your price updates,
but you only need to update the market you're watching.
We recommend finding a broker who has an 800 number for quotes.
Any broker who wants your business
will help you through this crucial learning period before you open an account.
You'll need some form of record keeping.
Ken and I prefer to do our record keeping right on the charts.
Many course members have designed their own forms.
You can make up a form that works for you.
This is your record keeping, and the record keeping part of it is what's important.
The only thing that matters is that it's clear to you.
You're going to need a set of charts.
You were given a sample set of U.S. charts in your course materials,
and this sample is all you need.
The beauty of U.S. charts is that we've taken the effort
to include some blank chart pages in the back of the book for you.
It's okay if the chart is a few days or even weeks old.
We're interested in what's happening from this moment on in the market.
We can't trade a move that's already happened.
At this stage, the important part of the chart
is the legend and price scale of each commodity.
Of course, you'll need a pen and a ruler and your alert line message.
If you're listening to the alert line, this is what you'll hear.
March corn's number one bottom point is $2.20.25, the low on November 23rd.
The number two point is $2.32, the high on December 10th.
Keep watching for a bottom formation.
One cent in corn equals $50.
By the way, this is what the alert line message would look like
if you had the fax or internet service and received it in printed form.
This is the easiest and most convenient way to receive the alert line message.
If you have access to a fax machine or the internet,
you may want to look into this option.
The commodity is March corn,
and the alert line message at the point I picked up this particular trade
identified the one and two points.
I'm watching for a three point to complete this bottom formation.
Don't worry about what happened the days between the number one point
and the number two point.
That's in the past.
We'll just proceed from here.
This is how it looks on the chart.
You can see that I have made my notations right on the chart.
I want to remind you again that when we're talking about commodities,
we're simply talking about products we use every day and their prices.
The high of the day is the highest price paid for corn that day.
The low of the day is the lowest price paid for corn that day,
and the close is the last price paid for corn that day.
When we say March corn,
we're simply talking about corn that will be delivered in the month of March.
That's what futures are.
We are agreeing to buy or sell at today's prices
a product that's going to be delivered in the future.
I want to remind you that a number one point is the highest or lowest price
paid for a commodity in the last 12 months.
Corn is quoted in cents per bushel,
so the number one bottom of 220 and one quarter
means that the lowest price paid for corn in the last 12 months
was 220 and one quarter cents per bushel.
If we were looking at a number one top,
we would be talking about the highest price paid for corn in the last 12 months.
Now, to follow this trade, you have to update your charts every day.
Since a number one, two, or three point
can be a higher low of the day and not necessarily the close,
you'll need the higher low to update your chart.
In a bottom formation, the number one point is a low,
the number two point is a high,
and the number three point will be the low.
I update my chart by putting dots at the high and low of the day,
and then I connect them with a vertical line.
The number three point is confirmed
when prices fall from the number two point,
but do not exceed the number one point and begin to move up.
Don't let charting throw you.
Don't be concerned about the dates at the bottom of the chart.
This isn't rocket science.
You don't have to have every tick and dot in exactly the right spot.
It's the formation we're interested in.
For accuracy, you can write the price of your one, two, or three points
right on the charts.
That will eliminate any confusion about the actual price
when you get ready to place your order.
You'll want to have everything very specific at that time.
Once the number three point is confirmed,
we're ready to place our order.
This is when things start to get exciting.
You can see the number three point of 226 confirmed
as prices went up on December 21st.
Now, if you have a weekly chart subscription,
you may not want to update your charts at all,
since your new chart will arrive at the beginning of the week
and be updated through the previous Friday.
The chart showing the number three point confirmed
would have arrived on Monday or Tuesday.
The number three point happened on the previous Thursday.
When plotting a formation, it's unusual that something critical
will happen in a week's time.
Here, take a look at the updated March corn chart
when the number three point is confirmed.
We place our order.
We place a good till cancel order,
which simply means that our order will be good
until it's filled or we cancel it.
We have a bottom formation, which means we have low prices,
so we're anticipating prices will go up.
That means we're going to buy,
which is the same thing as going long.
We will place an order to enter the market
when and if the price breaks above the number two point.
If filled, we will have an order to exit the market
if the price breaks below the number one point.
The reason we use the number one point and the number two point
to place our orders to enter and exit trades
is that technical trading in commodities
deals with certain principles and probabilities.
There are certain price movements
that have a tendency to occur over and over again,
but there are no hard and fast rules in commodities trading.
That's why we can't tell you how many days there are
between your one, two, and three points,
how many days it will take to get your order filled,
or how long the trade will last.
These principles are not scientific formulas
that predict what's going to happen.
They only give clues to what may happen.
The more you paper trade,
the more you go through this process over and over,
the more it will make sense to you,
and you'll develop your own skill and intuition.
That's what makes a good trader,
skill and intuition and attitude.
Now, back to why we use the number one
and number two points to place our orders.
Commodity prices tend to act like a ball
bouncing between a floor and a ceiling.
We call the ceiling resistance,
and we call the floor support.
The principle tells us that if the ball
or the price of the commodity breaks through a floor or ceiling,
it has a tendency to keep going in that same direction.
There's a number one bottom.
The lowest price paid for corn in the last 12 months.
We know that.
So we see the ball bounce down to the price
at the number one point.
The number one point is evidence
that the price is being supported from going lower.
The ball bounces off the floor,
heads upward, and hits a ceiling,
the number two point.
Prices resist going higher, bounce off the number two point,
and again change direction.
Will the number one floor hold,
or will prices continue to drop?
That's what the number three point is for.
It tells us prices have reversed
and hit a floor between the number one
and number two points,
giving some assurance that the number one floor is holding.
When prices again change direction
and head upward, the number three point is confirmed.
Now the question is, will the resistance
established by the number two point hold
and send prices downward again?
That's why we wait until prices break above
the number two point to get filled on our order.
Remember the principle.
If prices break through a floor or ceiling,
they will probably keep moving
in the direction of the break.
Counting on that, we've placed our order,
and when prices break above the number two point,
our order is filled,
and we're in the market.
We place our stop below the floor
that the number one bottom point established.
If prices break below that,
we want out of the market to prevent further loss
until a new bottom is established.
Remember, the key word in everything
I'm teaching you is probably.
The number two and three points
increase the probability
that these prices will continue to go up.
Here's how our trade looks on a chart.
Alright, we've placed our order.
Now we sit back and watch corn prices
every day to see if they'll rise
above the price of $2.32.
For the sake of paper trading,
we will assume when the price hits $2.32,
our order is filled.
When you place an order with real money,
your broker will give you a call
and let you know at what price your order was filled.
Every day from then on,
you can track the high, low, and close.
Then the day comes when your prices hit
and you're long one contract of March corn.
Your account is settled
at the end of each trading day.
If you have any profits,
you can call your broker for a check
and they'll be in the mail to you the next morning.
Imagine this.
You're having one of those days.
Your boss is irritable,
or your customers are your kids.
Then thank goodness it's lunchtime.
The markets have closed.
You decide to give your broker a call.
Congratulations, he says.
You're up $1,800 in corn.
You know what?
It'll change your whole day.
Probably the hardest part of commodities trading
is knowing when to take profits.
A problem I hope you will all be faced with.
I'll give you a little hint that Ken gave me
when I first started trading.
You can never lose money
taking a profit.
And it doesn't matter if that profit is $100 or $200
or if you happen to be in a position
where it's several thousand dollars.
Profit is profit.
So keep that in mind, especially as you're starting out.
Now we're in the market.
We're interested in one thing.
And that's where did the market close today?
Or if it hit my stop,
where was I stopped out?
You can go through a lot of calculations
to figure out point values,
but we've made it easy for you.
Every chart in your US chart book
comes with a legend.
The legend tells you the point value
of each commodity.
In fact, it tells you everything you need to know
about the commodity.
Then all you need to know is where you got in the market,
which in this case is 232
and where the market closed that day.
You will then take your entry price of 232,
subtract the closing price,
and multiply the difference
times the point value.
The point value in corn is figured in cents,
where one cent equals $50.
In other words,
since one contract of corn
is 5,000 bushels,
if each bushel goes up one penny,
that's 5,000 pennies
or $50.
If the market goes from 232 to 242,
the difference is 10 cents
times $50 for each cent.
That equals $500.
Drop all the decimal points,
except the one in the point value.
Here's the formula.
Okay, so every day,
you take your entry price,
subtract the closing price for the day,
multiply it times your point value,
and you're getting a profit or loss figure
for the trade.
Each day gives you the bottom line answer.
Speaking of bottom lines,
just know this.
If you anticipate prices going up and they do,
you're making money.
And if you anticipate them going down and they do,
you're making money.
You can always get help with the calculation.
Now the market keeps moving in your direction,
and the prices keep climbing.
So we want to begin to secure our profit.
The technique for doing this
is to move up your stop loss.
Remember, your stop loss is in order
to do the opposite of the order you use
to enter the market.
Today, as you bought a contract,
so we place the sell order as our stop loss.
And when that sell order is filled,
we have liquidated our position
and we're out of the market.
As the market moves in our favor,
we can lock in profits by moving up our stop
as corn prices rise.
How do we decide
where to move that stop loss order?
We use support,
since we're dealing with a market that's going up.
We want to make sure we get out
should the market change direction
and start moving down.
If it breaks through a floor,
it may keep going in that direction.
That's why we find support levels in our charts
and trail our stops below the support levels.
Not too close, not too far.
This is a skill you'll develop
by paper trading over and over again.
Here are support levels on our chart.
Play with different stops
in your paper trading
and see what happens.
Well, March corn kept climbing
and using support for stops.
You would probably still be in this market
when the March contract expired.
As of the first notice date of this contract,
corn prices were approaching 240.
At $50 for each cent,
we would be up a few hundred dollars
in this contract.
Not much of a move yet.
You would stay on board with corn
by entering a further out contract
using the same principles
to trail your stops.
But how do you know whether to stay in or not?
There is a place to look for the answer.
When looking at markets,
this is the thing to be aware of
in spotting the real fortune builders.
If you knew nothing about lettuce prices
until weather caused prices
to go up to $1.89 a pound
and then prices dropped to $1.25,
you would think $1.25
was a good price for lettuce.
This is because you don't know
enough about lettuce prices.
To know just how low or how high
a price is in the big picture,
you need more history.
Look at the history in your weekly
and monthly charts.
Weeklies give you a 5-year history
and monthlies a 20-year history.
Let's see how low our number one point
of $2.20 in one quarter
really is in corn's big picture.
You don't have to be a genius
to see that corn prices haven't been
much lower in the previous 5 years.
The greater the lows,
the better the opportunity.
5-year lows are more significant
than 1-year lows.
A 20-year picture.
Prices have been lower
only twice since 1973.
Now just think about it.
If I told you anything was selling
for the same price it was in 1973,
would you need to stop
and think about what to do
or would you run out
and get it before it's all gone?
Where did corn prices eventually go?
They soared to highs
of over $0.550 a bushel.
From the bottom of $0.220
to $0.550
is $0.330 per bushel
times $50 for each cent
equals $16,500 per contract.
Here's what $16,500
looks like on the corn chart.
You can see that you don't have to know
much to recognize an opportunity
in a market.
You don't even have to know what the commodity is.
So forget all that stuff swimming around
in your head. Let the charts be your guide.
Going through a set of charts
is like going on a treasure hunt.
Pick them up.
Smell them.
You know what that smell is?
Money.
A channel is easy to spot.
As Ken says,
if it looks like a channel,
it is a channel.
You don't need to try and see something
that isn't there.
If it's there, it'll be obvious.
Is there any doubt that there's a channel
on this chart?
This is a simple transformation.
Repeat the process
over and over with the alert lines
in as many markets as you can.
Then begin to trade an imaginary account
with the amount of money you may actually
start trading with.
It's not going to do you any good
to paper trade with more money
in your imaginary account
than you might actually start trading with.
Set up three or four imaginary accounts
and trade them all differently.
Find out what works for you.
And whatever you do,
don't cheat yourself with hindsight.
If you make a bad decision,
live with it and learn from it.
This next point
is very important.
Treat it like a business.
If you only have $1,000 to trade with,
then trade that way.
Leave emotion out of it.
Don't be in a hurry.
Don't trade just for the thrill.
Of course, that's true no matter
what the size of your account.
With a smaller margin account,
if you're educated and patient,
it's possible to get where the big guys are.
You must start where you are.
Remember, Ken now trades hundreds
of contracts at a time,
but he started with $600 in sugar.
I want to give you some more hints
that will help you in the process.
We did an independent research study
to find the characteristics
of our most successful course members.
And there's a couple of things
I think you'll find interesting.
Number one, attitude.
That's why Ken stresses it so much.
That's why he developed
a rich man's secret course.
You cannot trade if you're desperate.
You cannot trade if you're impatient.
Trading is fun.
It's not 9-1-1.
Of course, you hope to supplement
your income and make money,
but you can't go about it
desperately or negatively.
Number two, don't get discouraged.
Our successful course members
will tell you five to seven times
in the first couple of weeks.
Because it's like a new language,
you don't get it the first time you hear it.
You're going to read it more than once,
and because you'll be paper trading,
you're going to find answers in the manual
that you totally missed the first time.
So be persistent.
And here's something that never ceases
to amaze me.
A course member will call up and say,
I just lost money on my first trade.
And I'll ask him if he's paper traded.
He'll say yes.
So then I'll say, were you successful
at paper trading?
And he'll say no.
Sometimes I can't believe my ears.
If you can't make this work on paper,
nothing magic is going to happen
when you put your real money in an account.
Everybody wondered then how I could do it
and it would bother me so much that
for about six years I put it away
until I met an old showman
that came up to Travis once.
He said, can you do your old novelty
and I'll try.
I tried, of course, and it came right natural to me
after letting it go for six years.
If you're not trading successfully on paper,
don't start trading with real money.
You obviously don't get it yet.
You don't know what you're doing.
Be patient.
Make sure that you know what you're doing.
I will say, though, that there certainly
isn't any better education than to buy a cheap option.
Sometimes you can get an option
that has six or nine months on it
for a few hundred dollars or less.
After a few months, you're going to learn more
about the markets and yourself
than you'll learn any other way
because your money is in it.
So have a good time,
but paper trade before you take on any real risk.
While you're still paper trading,
establish a relationship with a broker.
You'll want to have a solid relationship with one
by the time you're ready to start trading
with real money.
In exchange for your business,
your broker should be willing to help you
through the entire paper trading process.
Find one, and remember,
your broker works for you.
How do you choose a broker?
Call a few of them up.
Talk to them.
Find one you like, one that you enjoy talking to.
A good broker will have integrity.
He'll be dependable.
Choose a broker you wouldn't mind having as a friend.
You may find references
to recommended brokers
in some of our course materials.
Since Ken is now part owner of Main Street Trading Company,
a commodity brokerage firm
in Irvine, California,
he doesn't feel it's appropriate
to recommend Main Street
or any other brokers to his course members.
It's important for you to investigate
and make your own decisions
as to which one to use.
That's all there is to paper trading.
That's the whole thing.
And that's what I like best about Ken's course,
the paper trading part.
The markets may be different,
the figures may be different,
but the process is the same.
You have everything you need
to learn this business in your hands right now.
Of the hundreds of thousands of people
who want better lives,
you've decided to do something besides complain.
You've taken the first step.
So make a plan and stick to it
and stick to the basics.
You're going to see, like Ken said,
all the cocktail talk and the newsletters
for $2,500.
Forget it.
This is all there is.
Prices go up and prices go down.
It's that simple.
If there's anything that we've covered
that's not clear to you, call a course counselor.
They are handpicked by Ken
to give you the kind of help that you need
and that he wants you to have.
You are why we do what we do.
So call us
and let us know how you're doing
in the world's one perfect business.
Ken?
Well, that worked out really well
because I finished three of these babies
while Matt presented that little demonstration.
And it only goes to prove,
like I said before,
that paper trading is a lot easier
than making videos.
It's really that simple.
So don't make more of it than it really is.
And when you do start to feel
that pressure and that intensity,
it's all up here.
It's not the charts doing it.
It's all up here.
And this is what's so vital
for you to start to understand.
That's why I wrote this novel,
A Rich Man's Secret.
Be sure to get one at your local bookstore.
It answers all of the questions
you've been wondering about.
And from this evolved
the Rich Man's Secret course
which addresses principles and ideas
that you've never heard before.
And that is
that you are in control
of your own life
and you are why you're receiving
whatever it is you're receiving.
It's not the Bozos in Washington.
It's not the IRS.
And it's not what they're doing overseas.
When you react to
any of that, it's all
you. You are
getting in your life what you presently
are. And you can
change that. So again,
I encourage you to get into the Rich
Man's Secret course. And also
call 4 Star Books and stay in
touch. We have a wonderful
selection there. We don't have
a vast selection, but what
we have are gems.
Talk to the special ladies at
4 Star Books and see what's new.
We always have new tapes
or new finds as we
call them. They're inexpensive,
very powerful, and
they really, really work.
You won't usually find these in your
local bookstores, so give 4
Star Books a call.
And now I want you to meet some of my
very special team of course
counselors. Yesterday we
took a camera crew through the office.
Here, take a look.
And now I want you to meet
course counselor Bob. Hi, Bob.
How you doing, Ken? Tell me about a
course member you just talked to recently.
Well, actually, Ken, I was talking to
this one girl yesterday that happens to
be a flight attendant.
And she's like stationed in
Hong Kong. And she was calling me from
Maui. She was there for a couple of
weeks. Anyway, she's really excited.
She's had the course for about a month.
But because of her job, which she really
likes, but she really wants to get into
the commodity business.
But basically she's just trying to set it up
since she's in the air
and from this country to that country,
how to be able to work it, to be able
to get her prices and to be able to do this.
And she's looking into computers.
And she's just really excited about
this whole business. So I had a lot of
fun talking about it. It makes the point that you don't have to
give up your job to do this. That's right.
It's something you do 15 to 30 minutes a day.
That's right. Wherever you have it.
Wherever you are. Yeah.
We have a lot of truck drivers
that also were concerned when they first
got the course whether they were able to do it. And they found out
there's not a problem. You have a telephone.
You have your charts. That's all you really need.
So what are the first calls when
course members call in? What are they
asking?
I think the main question they ask
really is just how to get started.
It's pretty overwhelming at first
when you get the course materials. So
different. So foreign to them.
Basically just spending a couple of minutes
referring to some of the things in the course
that you already laid out for them.
And then they're ready to go. So that's the
main question. And how long a time does it take?
Now they're talking Japanese yen,
euro dollar, and all these phrases
they've probably never heard before. That's right.
So how long? Within a very short period of
time. Maybe within a week
or two you might be getting calls back. And then they're
talking about looking at the major moves,
figuring out the 50 percent retracements,
making sure they have their calculations
down right, and those kind of questions.
So tell me about the course members
from Japan. Yeah, we have this
one retired man,
hardly spoke any English. He came
over here, flew from Japan
just to come to the Ken Roberts Company. I saw
him in the lounge and he had a
Japanese to English dictionary
carried around with him. And he would
sit there all day and listen to the
course counselor while they would be talking,
the course members that came by to visit.
And he's been here several times.
And he's back and forth.
He even brought his family here once
for vacation. How many companies
attract that kind of a feel?
So I was really impressed.
Very nice guy. So do you trade Bob?
Oh yeah. I've been trading for about four years
now. And how much time every day do you think
you put in? Five, ten minutes.
If that. I'm just checking
prices and that's it.
That's all I do.
So what would you tell someone brand new
to the course? Just brand new. They've
opened up the materials. They
feel a little bit overwhelmed with all the
information in there. And now they're watching
this video. I'd tell
them just to keep it very simple.
And when
you first start out and you
call up the alert line, that's the best way
to get started with this.
And maybe just pick two or three when you first
start out so you can just get comfortable
with it. How they can learn
the mechanics of trading. And then as they get more
comfortable, then pick up, they can
follow them all. And once they've gotten
real comfortable with that, then they're going to start
wanting to look for their own
opportunities. And that's the whole idea.
Any questions at all? Any girls they come to?
Call Bob. Just give a call.
And now I want you to meet course counselor
Nancy. Hi Nancy. Hi Ken, how are you?
So tell me about, who did you just talk to?
I talked to a gentleman
who came all the way out
from Texas just to come and see
if we were for real or not. Really nice
man. Good, good. So he said, like I said
in the sales piece, come out and check
us out. Yeah, and he did. Yeah.
So what happened?
He was such a nice man. His name was Doug.
And he had a funny
story to tell me. He said, you know you
have a great establishment here, this is just
beautiful, I'm really impressed. I checked
out two other folks that I
received their brochures in the mail. And I
said, oh interesting, how was it?
And he started to laugh. One was
a P.O. box with a sweet
number on it. So
there was nothing there. And one
was a little gentleman that was in his garage.
Handed him a couple of papers
that he had copied off and that was that.
So this was a big
deal. He really liked it. So has he gotten
started? Yes, he's very excited.
He's doing the futures
and he's doing options now also. So he's really
made progress. Yes, he's very excited. How long did it take
him to start from ground zero
and get going? Oh he said he'd
been working at it about six months.
And how much time, do you know how
much time he spent every day? He wasn't doing much time.
Probably about a half hour. Okay, so just
like we say. Tell me about another
course member. There was another
gentleman that I talked with on the phone.
He was listening to his
radio and he was driving down the interstate.
There was a young
man from a college that was doing an
interview with the disc jockey
on the radio station. He was talking
about your course. And the
gentleman was so excited he was
he couldn't wait. So he was driving
towards that college
and he was writing your phone number
down because he wanted to definitely
call here. He also went
to the college and looked up the kid and
talked to him about it and the young
man was doing just excellent with the
course. And the gentleman
did order the course and he has been doing
well with it ever since. So you've talked to him?
Yeah, he's called back periodically.
So how many times do course members
call, would you say?
Oh, I would say no more
than two
or three times. And then they're
up and going? Yeah. So then
does it surprise them? All of a sudden they're
saying Japanese yen and Euro dollar
and pork bellies?
They learn a lot. The terminology
they get down and they're all
frustrated in the beginning and then they just
it all works out. It's something new.
It's a course. So for someone sitting at
home, maybe they're in that spot right now.
They've opened the course. It looks like a lot
of information in there. They took this
video, popped it in and they're
watching you right now. So what do you
want to tell that person? Stick with it.
Don't be frustrated. It all
works out. It's very easy.
And it takes less time than you think?
Less time than you think, for sure.
If you have any questions, call Nancy.
And now I want you to meet
course counselor Joel. Hi Joel.
How are you doing? Now Joel, before you came
here, you used to work on 747s.
I was with an airline for
quite a few years and when I left there, I was the
manager of five of their overhaul shops.
Well, we're glad you're here now. Thank you.
So tell me about a course member you just talked to.
As a matter of fact, I think a little better
would be to tell you about the couple I had
met down here in our course member lounge.
So they came to visit us? Yeah, they came to see the
office. Before they purchased
the course, they were involved in
commodities and they didn't do too
well. But they bought the course.
Let me back up. Why didn't they do
well when they were in commodities before?
Very honestly, they told me they listened to
their broker. And he just did whatever
he did? Yeah, and they were
very easily swayed. It's a common
story. Oh yeah. And they probably
don't know what happened except they lost
money. Correct. So good.
They stuck with it and said, we want to find out
what's going on. So they purchased the course.
Let me ask you, how old were they?
Well, I'd say they were in their 40s.
Okay. Alright. So probably
had older kids anyway.
They had two as a matter of fact.
They just had two boys
rather than a boy and a girl.
The American family. Right.
But no, they purchased the course.
They wanted to come up and visit the office. And then they also
wanted to learn how to paper trade properly
and use the materials. Right. What state
did they come from? They were from
I believe it was Missouri.
They actually had a vacation.
They were coming up here because he's a fisherman
and he wanted to try the rogue.
He must have loved that. Yeah. He wanted to go out
and catch a big chinook. Yeah.
But anyway, they purchased the course.
They wanted to take and learn how to paper trade
properly. So what I did is
we went over things such as using the charts
and how to read them, look for formations,
get involved with the 50 percent
risk and reward ratios.
Right. Went through those.
They really wanted a plan so that they could have
confidence when they talked with their broker. Right.
So we sat down and went over these
things and when they got done with
their questions and what I showed them,
they felt real comfortable now going back
on their own. Right. Paper trading
and then getting involved with the broker
on their terms. Right.
Which they felt very confident on doing that.
So then all this happened in their one visit here? Yeah.
They were here. Well, they came in
roughly about 45 minutes to an hour's
time they spent with it. Great.
So then how did you leave them? I left
them, like I said, feeling very confident.
They were able to see where they had
possibly made some mistakes that they
allowed to be swayed in by the broker.
Right. Well, the big mistake is people
think they can turn their money over to someone
and that someone's going to make them rich.
Exactly. And it just doesn't happen that way.
Well, that's exactly what they said. There's another big Hollywood
star suing his business manager right
now because he just said
take it, you know, handle the money,
make me rich, and all of a sudden it's gone.
But they didn't show them the money in other words, right?
That's right. That's it. So, well, good.
So have you heard from them since they
went back? No, but the young lady
told me that she would be getting back with us.
She was going to take and call me
to let her know, let us know
how she was doing with her
fortitude and dealing with the brokers.
Good, I hope they do. Yeah, I feel they will.
They really do. So do you trade, Joel?
Yeah. And how much time would you
say you spend every day trading?
Now it's 10, 15 minutes of what I
want to get involved with. Just like
we say, huh? Yeah. But people don't
want to believe that, do they? Well,
you know what they look for, Kenny? Too many details.
They get stuck on the details.
If they would get in there, paper trade,
learn the system, and
practice with it, they'll find that
it becomes easier and easier as you go along.
So for the course member at home right
now, he's opened that course.
It's a lot of information.
He's a little bit overwhelmed.
And now he or she has popped this video.
And they're seeing us
right now. So what would you say to that
course member? I'd say to him, don't be
concerned. Get in there and try.
Don't hold back.
Try that paper trading on your own.
If you have any questions at all, pick up that phone
and call us. That's right. We're here for you.
And he means it. You have any problems, you pick up
the phone and you call Joel. Yeah, we're here for you.
In the late 60s,
the Beach Boys had a hit called Help Me
Rhonda. I want you to meet course
counselor Rhonda right now,
about whom that song was written.
So you were a surfer, babe, huh?
Well, yeah, they're close to the beach
and it was a beautiful time.
Yeah. So Rhonda, are you trading?
Yes, I do. And how much time do you
spend every day doing it? Oh, I just
take a few minutes to look through my charts,
update my information, and
breeze right through it. And that's it, right?
It's just very simple. Very simple. So did you ever
think you'd be trading? I never
really had a clue that I'd ever
stop into this avenue and it's been fantastic.
Right, right. You were telling me
earlier how you used to be intimidated.
Oh, very much so.
Yeah. My friend's
father used to trade
on his computer and work with it
avidly and I just thought
this is not something I would ever be
able to do. Or understand.
Or understand, yeah. And I have so many
female course members that call in
and they're so intimidated by
finances.
And it's so easy. It's wonderful
when they call back and they're so
excited that it comes through
to them. They're doing it. Yeah. The light
clicks and they're doing great. So what do you want to say to those
female course members watching this video right now?
Just getting started. What do you
want to tell them? Well, keep hanging
in there. All the information will pull
together in a small amount of
time and you'll do fantastic if not
better than the males.
Oh, okay. A little challenge here. That's good.
That's very good. And when you need help
you call Rhonda. Please do.
Now I'm talking with
course counselor Anthony. Hi, Anthony.
Hi, Ken. How's it going? Good. So
tell me, are you trading for real? Yes, I am.
Alright, how's that going? Yeah, not too bad.
How much time do you spend every day doing it?
Probably about 10 minutes or so. Yeah, no one wants to believe that.
Making it too complicated
is what it is. Yeah, it's very short, very brief.
So who did you just talk to? What course member
on the line? I just got off the phone with a guy
and his problem was going
short in the market. How to make profits
when prices drop. Yeah, how do I
sell something I don't own is what he said to me.
I kind of explained it to him,
took it to a different
level and showing him more
real life examples that made
sense to him. And after that, he was real happy
and on his way to trading again. And that people are doing
this every day. Yeah. Going short.
Exactly. It's nothing new
that he's not doing anything that his broker won't understand
when he calls him up. So has he been trading
long, do you know? He's just getting started
paper trading. So he's just
getting the basics down right now. Yeah.
So for the course member at home now, he's just
starting, maybe a little bit overwhelmed
with all the information and all.
And they popped this video in.
So what do you want to tell that person?
Keep it simple.
And if you have any questions, just give us
a call. That's right. Anthony's here to answer
the phone.
Hi, I'm Frank Gorshin.
I don't know if you remember you now, but I used to be
the old Riddler in the old Batman series.
Woo!
I can still do it, huh?
The tights still fit, too.
I'd say what's no riddle to me, and that's the
Ken Roberts course. Everything
it is, everything it stands for.
I'm thrilled to be part
of that course, and you will
be, too.
Ah, ah, ah, don't touch
any of those buttons. There's still
more to come.
All Twampum graduates
already know a thousand times
more about commodities than the average
investor. But Twampum,
the video workshop, is
an in-depth follow-up
course giving you the practical,
real-life experience to
really get going and get serious about
the markets. You can watch
over my shoulder as I demonstrate
what to look for
and how to place orders in trades.
This video course
is made up of six hours
of live teaching.
You'll watch students from beginners
to experienced traders
work their charts, ask all
the questions you'd like to ask,
hear their comments, and share
their experiences.
This is not some boring
investment show with a bunch of talking
heads. This is real
people eager to learn all
listening and watching while
I walk them through the charts.
And you can watch, too, step
by step through each aspect
of profiting in commodities.
You could spend thousands
of dollars attending elite seminars
and still not learn
the simple, powerful,
proven secrets
I reveal and demonstrate
in these six videos.
And for you advanced course
members, don't miss Twampum
the Roundtable video
series. There is no business
like the commodity business.
Commodities is the world's one
perfect business. And my
U.S. charts are your
most important investment tool.
A set of these charts where
I keep all my own trading positions
and records and a telephone
are all I need to successfully
manage my multi-million dollar
commodity trading accounts.
I've seen to it that these charts
are the best.
And it's all the information you need
week after week.
So sit down with these charts,
follow along with what I'm doing on
the alert lines, and in no time
you'll be spotting formations
right and left to paper trade
and gain the all-important
confidence you're after.
Remember, everything you'll ever need
to know or learn from any market
is right here on its price chart.
You don't have to be a rocket
scientist to make money in commodities.
That's why the Twampum course
is so effective. It shows
you everything you need to know
to begin trading commodities within
three short months.
There are, however, some powerful
advanced techniques that we don't teach
to beginners, simply because
it's important to master the basics
first. These more advanced
techniques and principles are
not difficult either.
You can maximize your profits while
limiting your risk by
using options.
And that's what Twampum 2,
the options course, is all about.
Trading options
on futures contracts.
Options are a powerful
resource, and Twampum
2 gives you everything you need
to immediately begin paper trading
options. I use
options when trading markets where futures
contracts just aren't
appropriate or right for you.
So call today and don't miss
out on this last
great investment secret.
I don't know why everyone doesn't do this.
The only barrier between
you and anything you desire is
one simple fact.
Your life today is the way it
is because of how you think.
Something so
important, yet we know so
little about it. To simply
understand what's really
going on in your own mind,
I developed a rich man's secret,
the course.
This one-of-a-kind, three-month
course is for everyone who's
eager to leave behind the old ways
that just haven't worked in order to
make swift progress
toward a new, prosperous life.
You'll be better at everything
you do, whether it's
trading commodities or dealing with
your family and relatives.
Anyone who's ever wondered what my
secret is will find the surprising
answer in this course,
along with detailed instructions
for putting it to work personally
right now.
Remember, nothing is what it seems.
Everything we do here is with
your success in mind.
And this is why I'm so pleased
to offer you the books, tapes,
and videos that Four Star Books
carries.
Four Star Books is your special
privilege as a Ken Roberts
course member. Here you'll find
true gems.
Some of these were hard to find,
some were out of print, and some
are exclusive.
But all of our titles
are special. Four Star
Books guides you in the
psychological, the inward direction
where all the answers you seek
reside.
They save lots of money, time,
and frustration because the
very inexpensive selections at
Four Star Books show you
why virtually all of the
books, tapes, seminars,
counselors, and programs
out there do not work.
But more importantly,
what does pay off?
So call the ladies
at Four Star Books and talk to them.
Get started in a fresh,
new upward direction.
Well, buy low,
sell high,
read the charts,
and they'll tell you no lie.
We'll never know
what we can do till you try.
We've found the
world's most powerful
business.
The greatest American
is this gift for you
and your family.
Thank you, Bob, for coming on
and talking to course members.
How long has it been?
1974.
Okay, now they always said
millionaire philanthropist
Bruce Wayne.
But they never said what he did.
So what did you do?
Commodities.
Oh, right. I love it.
I've always heard all my life
that commodities
go up and down, up and down,
and it's a very volatile market.
It can be. It is, yes. But that's also profits.
And there's safe ways to do that.
You know, I enjoy talking to you.
I really do, because I know you've
had a great success with this.
It's been my answer.
I wasn't born with a silver spoon
in my mouth. It's $600
and the rest is history.
Can you still start with $600?
It's better than ever. In fact, you can start
with less.
You absolutely should take a look at this
and see what you can accomplish.
It's fun. Well, I'm a member now
and I'm in the process right now along with my wife
of reading this voluminous material.
And you can call me. I've got my little...