Are you thinking about paying for a stock advisory service and don’t know which one is worth your time and money? Before spending your hard earned money, you will need to know if they are any good and what their true track record. Not all advisories are as great as their sales pitch. (Makes you wonder if they are great at investing why don’t they just retire from their trades instead of selling advice.)

The truth is that many are not transparent as to their performances and use a hypothetical model or historical back testing with their strategies or “system” which in most case is inaccurate. This can be costly if your trades based on their recommendations turns out to be losers. In addition to your trading losses, the expense of most advisories can be pretty hefty.

Before spending several hundreds or a thousand bucks for an advisory subscription, do a thorough background search. An easy method is asking questions on investment web sites, on blogs or in investing forums for clients that may have used the advisory service and get some feedback.

It is guaranteed that if customers are unhappy about an advisory service or think they have been scammed, you will hear about it. Instead of spending a large amount upfront on an unknown advisory, you can invest a little with an unbiased third-party entity that tracks, ranks and analyze these advisories.

One such service is Pro-Trading-Profits. For as little as $49 bucks, you have access to the published results of over 150 advisory services and more than 250 trading strategies that are sold. They analyze the results and let you compare them with your own criteria.

Armed with this information, you can make a better decision on choosing the right advisory service that suits your requirements. There are many advisories and newsletters out there that make big promises. Just like any other service or product sold, investors have a right to do comparison shopping as well.