One point Ilovepizza - I notice that you are assuming what is being said in our theoretical one to one session (ie: verbally summarising what you can find online for free) whereas this is not necessarily the case - they could be saying something very different.
Anyway, you are assuming what a teacher teaches in his sessions. What if a teacher taught something radically different from perceived notions of trading? As you know ‘price action’ is the big thing these days so much so that indicator trading techniques are looked down upon - what if a teacher taught an indicator based technique or other unfashionable technique that was no longer emphasised and it was a good technique? Although they could be found online, they are swamped by mastergunner type techniques and constantly rubbished on forums so a reader would not think to use them.[/QUOTE]
There is nothing new under the sun… Until you get to the PhD level quantitative type of trading (which you will not find an instructor for)… The only way to be long term viable is with a discretionary method that encompasses all the key components of trading… These components are well known, unchanging, and well described. They are going to be the same whether you are a new trader at Citibank hearing it from a senior trader or a new retail trader in his home office reading it off of investopedia.
Sure you could get an instructor hawking a methodology like master gunners… But those aren’t viable and certainly not worth the time or money. If you are paying just to learn a “system” then that is money down the drain… Turning yourself into an biologically based computer script is not going to provide long term success.
“What about the turtle traders?!” … These were traders trading a “system” (one that could have easily been traded with a computer script) that got lucky trading in a specific market (mostly inflationary commodities) and market environment (one without algorithmic trading by computers) that lasted for about a decade… This system has since flatlined at best in the current market environment… If you are trading a system that can be turned into an EA, eventually you are going to be trading an obsolete system.