Vince Stanzione, Spread Betting and First Information
Vince Stanzione is best known for his trading exploits. According to his sales literature he is a self-made millionaire who makes upward of £50,000 per month trading the financial markets.
Vince's tool is "spread betting" and he promises that he can teach you how to make £400 per day from Financial Spread Trading.
You are most likely to come across his adverts in the Sunday papers as he uses small classified ads to attract customers to his web-site - much like the method that Tim Lowe uses.
His main product is a home study course called "Making Money From Financial Spread Trading" which he sells for £347 or £352, the difference in price depending on whether you want a video or DVD.
This pack, according to Vince, will show you how to trade popular financial indices like the Dow Jones and FTSE 100 from as little as £10 total risk. He packs in information he has learnt from 18+ years as a trader.
The package contains the following:
- 180+ page workbook including Vince's secret trading strategies
- 120+ minute video or DVD showing edited footage from a 2002 seminar
- ShareScope Demo CD
- BetOnMarkets Interactive CD with free £10 bet
- Access to TrendSpotter service
- Copy of Vince's book "How to Stop Existing and Start Living" which he alledgedly wrote once he made his first million aged 26.
- Access to a virtual trading account (see link below)
Opinions differ on whether Vince delivers the goods with his course, it is praised and condemned in equal measure on many forums.
The workbook itself contains a great deal of information on the basics of spread betting and then goes on to suggest some basic trading strategies for trading the financial markets.
There is also a fair amount of coverage of BetOnMarkets, a reasonably new website offering fixed-odds financial betting from £1 minimum stake with limited risk. Although Vince states he does not promote any particular bookmakers, he does own a very large ("multi-million pound") stake in BetOnMarkets and has previously been a Marketing Consultant for the company.
The course comes with a 1 year guarantee, promising to refund customers in full if they do not make money after following the advice given. The problem with this guarantee is that you must trade for a year using Vince's exact rules before you can "apply" for your money back.
The application for a refund involves providing Vince with a full year's trading statements so he can judge whever you have actually followed what he has said. Of course, you would have to risk real money to do this and it is unlikely you would continue to trade for a whole year just to get your money back.
Conclusion:
If you are looking to learn about Financial Spread Trading and haven't got the time to read lots of books, Vince's course is probably a good buy. If you don't want to pay £347+ then you often find his course for a lot less on eBay.
The 2003, 2004 and 2005 editions of the course are almost exactly the same. The video provided with each is from a 2002 seminar. Editions from 2002 and before feature an earlier (2000) seminar on the video tape although the basic ideas put forth are the same.
In short, the course is fairly good for a beginner and not overly expensive. However, if you are not successful it is extremely unlikely you would be able to get a refund.
You can check out more about Vince Stanzione's Seven Keys Seminar here:
