Lets say I make more than $100k/yr from my job alone and I have been doing so for about 6+ years and I know what that’s like. Lets also pretend I have taken private work that pay under my hourly rate because I liked the work or because I had nothing to do, or I wanted to try it out.
Have you ever worked a professional job (I know a lot of babypips are unemployed guys or in dead end jobs)? I’m not asking to be malicious, but just I don’t think $100k USD is that much. You don’t have to answer this since I realise that privacy in online situations is important (the amount of abuse I get I need to be private) - but PM me if you want to answer (although I don’t expect it).
I also know many people who add teaching positions/supervisory responsibilities to their $100+k work even though it only pays them an extra stipend of 10% per year (which of course is taxed at the higher rate) and they work an extra 20-25% per week. Inefficient? Illogical? Yes, but people do it - surely you know people like it?
There of course are many classes of people but you probably know people in all three of these:
The relaxed guy -once he has made a comfortable living, he spends his time enjoying life. I have heard a lot of Aussies are like this (dunno if this is true).
The greedy guy - once he makes $100k, he wants $150k, then $200k, then $400k. A few people like this - not so many actually where I am, but I would have thought in the land of the free there are plenty.
The vocational guy - once he makes $100k, he/she still wants to work, but wants to work what they want to do, but of course they want a reasonable renumeration (have to say I know more women than men like this)
The successful forex teacher would fit into number 3. FYI, I have not seen any evidence that Chris Capre, Jonathon Fox, PeteFader, DNB price action, Nial Fuller, Chris Lori etc fit into this category - more likely they are as you say failed traders - but I am always happy to be proved wrong with a myfxbook with a decent history length.
As for learning from babypips - the standard of information from most threads here is pretty dire. I would say that much of the teaching here would lose you money and that itself is a cost. Just look at Medisofts account in MG99’s “teaching thread”. MG99’s ‘free teaching’ has cost Medisoft $10 000 in a few months. That other babypips teaching genius whose name I won’t mention has probably cost people a lot of money. Tmoneybags top students have lost about 40-50% of their accounts as well.[/QUOTE]
Lol! Yes I have worked a “professional” job. Engineering degree… Professional certifications… Economics degree… Engineering career… Banking experience… Done it.
Never have I come across someone whose main occupation was chosen through the motivation of never having to work for someone again… And who succeeded with that goal… And then decided to go back to work for someone again Lol.
If you have a teacher in mind that has a fully audited and transparent trading record, earning $75k annually over several years from TRADING… And who is running a pay for training program I will gladly give you the “win” for this debate.
That should be fair right? You can watch the performances of great piano teachers… Watch the matches of great tennis coaches… Hear the fluent and perfect articulation of speech from foreign language instructors… Lets see the trading teachers performances… Shouldn’t be too hard to find one to use as an example?
As far as educational value at babypips… The overwhelmingly large portion it is in the school of pipsology… The PDF version is over 500 pages… Fairly comprehensive and covers just about everything you would find in a pay for training course.