Hallo Gents and Lady,
Please don’t take this personally, but allow me to disagree with your viewpoint(s).
First off, (esp to really build up the “don’t take this personally”), I read your threads, find them interesting, even the “entertaining” ones ( where you’re ganging up on someone, but that’s neither here nor there… )
Granted: Forex has about the most charlatans compared to any other business
Granted: One can teach themselves this business and become quite good at it, esp with ALL the FREE resources on the Internet
Forex also has a lot of genuine traders & teachers
It is ‘narrow’ to think that everyone’s sole motivation in life is purely money. This is especially more true when the money angle is already taken care of. ( If you got shocked at that, then this one’s for you: YouTube ).
Training/education/tutoring/mentoring when done right ALWAYS speeds up progress.
Q: As a kid in school, when you can already read and write, why do you need teachers?
Q: When learning any skill (e.g playing an instrument), why do you need a coach/master/teacher?
Answer: Because LEFT TO YOURSELF you would most probably take an INORDINATE AMOUNT OF TIME to get the hang of what you are trying to do. Where would our human race be if we had to re-learn what previous generations had already mastered? I respectfully submit to you that the same applies in the [B]Forex business.[/B]
If I can learn from someone who’s been there, and won’t have to go through the entire Internet resources (and years of failure/struggle), then WE are all the BETTER for it.
NOTE: this is NOT an excuse for lack of INITIATIVE, and HUSTLE. If anything, lack of the same would have the student quickly separated from the mentor. We can all tell someone who’s not doing their homework and expecting to be spoon-fed. This is not about defending that type of person. [B]It’s about showing what effect a mentor/teacher can have on someone who is already seeking out mastery on their own.[/B]
ABOUT THE PAYMENT ANGLE:
Granted: there are many who are simply out to sell people snake oil in the name of forex education.
Granted: there are many who after MAKING IT in Forex ( or anything ) will simple keep UNDERCOVER and never show anyone how to get there themselves.
There ARE genuine paid-for online courses.
There are MANY who after making it GOOD will share the same info freely with others. This is not a mutually exclusive business, why would I be worried to tell you how to make it?, it’s not like you earning pips prevents me from doing so.
I hear you ask: Why make someone pay $300 if I am making over $75k from my own trading?
Well, for one: how many times has your commitment to a cause only come about from the fact that it COST YOU SOMETHING? As a mentor, wouldn’t one want to secure the mind and commitment of those he’s tutoring? (saves time and frustration for everyone involved).
If I am both a good trader and good mentor, why not make money out of it as well? AFTER ALL, Forex is a BUSINESS, every saving adds up ( isn’t that why we take care to cover for the spread in our trades when setting break-even? )
1 (new) student per month @ $300 can cover for many business costs ( Virtual Private Server subscriptions, website hosting, etc ), while still doing one angle of what one loves (i.e, mentoring/teaching).
LASTLY: let me say that we all have different trading systems/techniques. Not everyone trades EVERYDAY.
For example: with my trading method, I’ve only had 4 trades this slow August.
What does one do with the rest of the time? ( esp if you are a FULL TIME trader ). Sure, you can troll threads on forums;…or you can start your OWN thread and help people get where you are faster [ like: Nikita, DnB, Goldenmember, Johnathon Fox, ILovePizza (surely) ]… Or you can start another enterprise in the form of a forex school/mentoring service, where people’s commitment is secured via a fee (that also covers for your extra effort).
Always two sides to a coin people…
There’s more to life than a purposeless unitary profit motive…